AKORA Resources Ltd CEO Paul Bibby tells Proactive the company is moving closer to production at its Bekisopa Iron Ore Project in Madagascar, following a promising scoping study. The study indicates the project's capacity to initially produce two million tonnes per year of high-grade direct shipping ore (DSO), with a 64% high-grade iron product in the first year and an average of 61% iron over the initial five years. Over that time, estimated revenue will be US$545 million. This study, prepared by Wardell Armstrong International, focused on a low capex option utilising Bekisopa’s DSO JORC indicated resource of 4.4 million tonnes hosted in the project’s southern zone.
AKORA Resources moves closer to production at Bekisopa
