Akora Resources Ltd

Akora Resources Ltd is an Australia-based mineral exploration company. It is engaged in the exploration and development of the Bekisopa Project, the Tratramarina Project and the Ambodilafa Project, iron ore projects in Madagascar. The Bekisopa Iron Ore Project consists of three granted research permits (PRs) and one granted small scale mining permit (PRE) covering approximately 93.5 square kilometres (km) and is located approximately 220km from the west coast. The Tratramarina Project is an exploration target with upgradable magnetite iron ore grading over 25-35% Fe and located approximately 16km from the ocean with a potential port/transhipping location south of Mahanoro near the mouth of the Mangoro river. The Ambodilafa Project is an exploration with direct ship hematite mineralization grading approximately 40-65% Fe plus upgradable iron mineralization grading over 25-35% Fe. It is located approximately 45km from the coastal town of Nosy Varika and over 75 km southwest of Mahanoro.