AKORA Resources (ASX:AKO) Reports Increase in Bekisopa Mineral Resource
Mineral Resource Update
AKORA Resources (ASX:AKO) has increased its JORC compliant Mineral Resource estimate at the Bekisopa Iron Ore Project in Madagascar. The updated estimate shows a 35% increase in Indicated and Inferred resources to 10.6 million tonnes (Mt) at 54.8% Fe. This includes an additional 2.1 Mt of intermediate grade material grading 39.9% Fe, which can be upgraded to saleable product.
Compared to the 2024 Mineral Resource Estimate (MRE), there is a 27% increase in Indicated Direct Shipping Ore (DSO) resource tonnes, rising to 6.6 Mt from 5.2 Mt, both grading 59.7% Fe. Furthermore, compared to the 2023 Scoping Study, there is a 93% increase in Indicated DSO and Intermediate Grade resource tonnes, now totaling 8.5 Mt at 55.4% Fe compared to 4.4 Mt at 60.9% Fe. This MRE forms the foundation for the upcoming Pre-feasibility Study, scheduled for release in March 2025.
Executive Comments
Mr Paul Bibby, Managing Director and CEO of AKORA Resources, stated, “The increase in Bekisopa’s Mineral Resource Estimate, with 10.6 million Indicated and Inferred tonnes, will increase the start-up DSO mine life and improve project economics. Importantly, the increase to 8.5 million tonnes of Indicated DSO Resource will strengthen the upcoming Pre-Feasibility Study and is only from drilling along half of the 6km strike length, with future drilling expected to increase resource tonnes and add project mine life.”
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