Akora Resources Limited (ASX: AKO) is focused on the exploration and development of high-grade iron ore resources in Madagascar. The company holds 308 square kilometers of tenements across four key projects—Bekisopa, Satrokala, Tratramarina, and Ambodilafa—all of which are highly prospective for iron ore discoveries. Akora’s flagship project, Bekisopa, boasts a substantial 194.7 million tonne Inferred JORC Resource, notable for its very low impurities, enabling the production of premium-grade iron ore concentrate of over 68% iron (Fe).
The company’s primary aim is to support the transition to greener steelmaking processes by supplying iron ore with grades suitable for Direct Reduced Iron–Electric Arc Furnace (DRI-EAF) technology, which requires a minimum 67% Fe and leads to significantly lower carbon emissions compared to traditional methods. In the meantime, Akora is advancing near-term plans to produce up to 2 million tonnes per year of direct shipping ore (DSO) at Bekisopa, featuring an average grade of 60% Fe, targeted at existing Blast Furnace–Basic Oxygen Furnace (BF-BOF) steelmakers.
With a leadership team experienced in developing mineral resources and a strong focus on sustainable growth, Akora Resources is positioned to become a critical supplier of premium iron ore as global demand rises for cleaner steel. The company’s projects bring significant economic potential for Madagascar and align with the world’s increasing emphasis on decarbonisation and responsible resource development.
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