Akora Resources (ASX: AKO) on target with positive Bekisopa iron ore scoping study (w/ Paul Bibby)

Small Caps

Akora Resources (ASX: AKO) managing director Paul Bibby joins Small Caps to discuss the robust results obtained in a new low start-up cost examination of its proposed Bekisopa DSO iron ore project in Madagascar.

The new scoping study has confirmed the project to be economically viable was an initial 2 million tonnes per annum direct shipping ore (DSO) operation.

The results also highlighted the viability of a low capital expenditure (CAPEX) option based on an initial open pit mining operation utilising the project’s DSO JORC indicated resource of 4.4 million tonnes.

While the scoping study results have brought Bekisopa a major step closer to production, the company believes that is just the first step in an opportunity to develop a much larger operation.

Only 20% of the project’s 6km strike length of shallow drilled mineralisation was included in the study, while there is also significant upside potential related to adding DSO tonnes from the company’s nearby Satrokala project.

Articles:
https://smallcaps.com.au/akora-resources-robust-bekisopa-iron-ore-scoping-study-results/
https://smallcaps.com.au/akora-resources-completes-ground-magnetic-survey-satrokala-iron-ore-project/

For more information on Akora Resources:
https://smallcaps.com.au/stocks/asx-ako/

See omnystudio.com/listener for privacy information.