| Announcement Date: | 2022-04-11 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | JORC |
| Company name: | Akora Resources Ltd. |
| Project name: | Bekisopa |
| Location: | Madagascar |
| Commodities: | Iron |
| Highlight: | Initial Resource Estimate for Project |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | AKORA Resources (“AKORA” or “the Company”) (ASX Code: AKO) is pleased to provide shareholders with the completed Maiden Inferred Mineral Resources for all the Bekisopa project. 194.7 million tonnes as the total Maiden Inferred Mineral Resource highlights the significant upside potential on the main tenements at Bekisopa. At the time of preparing the AKORA Resources prospectus and budgets the Company forecast a 100 million tonnes Mineral Resource from the first 4,000 metres of drilling at Bekisopa. As drilling success progressed it was decided to bring forwarded additional drilling planned for 2022 into the 2021 campaign to minimize costs and maximise the size of any potential Mineral Resource. These decisions have resulted in a 195 million tonne maiden resource comprised of 110 Mt in the Southern Zone, 41.2Mt in the Central Zone and 43.3Mt in the Northern Zone. The combined 84.5Mt resource for the Northern and Central Zones were set out in ASX Announcement on 23 March 2022. |
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