AKORA Resources Ltd (ASX:AKO) Announces Pre-Feasibility Study Update for Bekisopa Project
Operational Achievements
Test work at the Bekisopa Iron Ore Project confirmed that intermediate grade material can be upgraded to a saleable product. Material averaging 52.8% Fe was upgraded to 59.2% Fe Lump product at 80.8% recovery, and material averaging 50.3% Fe was upgraded to 60.8% Fe Fines product at 88% recovery using basic dry magnetic upgrading.
Future Outlook
The company aims to include additional tonnes in the Mineral Resource Estimate (MRE), targeting increased mine life and improved economics. The Pre-Feasibility Study (PFS) is expected by March 2025. AKORA is advancing plans to develop a Stage 1 Direct Shipping Ore (DSO) operation at Bekisopa to produce up to 2 million tonnes per annum of high-grade iron ore.
Executive Comments
Managing Director Paul Bibby stated, “the ongoing work streams for the PFS continue to show encouraging results and build on the positive Scoping Study outcomes reported in November 2023. The more Lump iron ore product we can deliver the better, as it is blast furnace steel makers’ preferred feed material, plus higher grades attract a premium price which would considerably enhance the project’s financials. These encouraging Intermediate Grade upgrading results look to add saleable Lump and Fines product tonnes and importantly additional mine life to the Bekisopa DSO operation.”
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