Akora Resources (ASX: AKO) on target for Bekisopa DSO project with robust PFS results (w/ Paul Bibby)
Akora Resources (ASX: AKO) managing director Paul Bibby joins Small Caps to discuss the company's recent release of a pre-feasibility study (PFS) for its 2 million tonne per annum Direct Shipping Ore (DSO) iron operation in Madagascar. The PFS has confirmed the 100% owned Bekisopa iron ore project has the capacity to produce 2 million tonnes per annum of 61.6% iron average blended grade lump and fines iron ore products for blast furnace steelmakers. The PFS also identified strong financial returns of $1.25 billion, a net present value of $233 million and an internal rate of return of 86%. The PFS studies also lifted the mineral resource indicated tonnage estimate to 8.5 million tonnes at 55.4% iron from 4.4 million at 60.9 per cent iron. Akora is now on target to take a final investment decision in mid-2026 and to make first shipment in Q3 of 2027. Article:https://smallcaps.com.au/akora-resources-high-quality-low-capex-bekisopa-dso-pre-feasibility-study/ For more information on Akora Resources:https://smallcaps.com.au/stocks/asx-ako/See omnystudio.com/listener for privacy information.