Akora Resources cashed up to advance Madagascar iron ore project

Akora Resources (ASX: AKO) managing director Paul Bibby joins Small Caps to discuss the company’s successful recent capital raising and plans for its Bekisopa iron ore project in Madagascar.

Akora raised $2.3 million to add to its war chest, which came with strong support from well-known mining identity Stu Crow.

The new cash injection will assist Akora in its plans to follow-up recent exploration success at Bekisopa.

The company’s confidence in the commercial prospectivity at Bekisopa has been boosted by testing of at-surface weathered DSO iron.

A DSO lump bulk sample returned an outstanding grade of 67.75% iron, with the results highlighting a significant cost advantage for the project.

That was backed up by the return of a fines bulk sample grade of 64.65% iron.

Articles:
https://smallcaps.com.au/akora-resources-green-steel-future-samples-return-high-grade-assays/
https://smallcaps.com.au/akora-resources-pending-mining-permits-processing-madagascar-eiti-upgrade/

For more information on Akora Resources:
https://smallcaps.com.au/stocks/AKO/

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