Akora Resources (ASX: AKO) managing director Paul Bibby joins Small Caps to discuss a recent 34% increase in the indicated and inferred resource at the Bekisopa iron project in Madagascar.

The company has defined a 34 million tonne high-grade “green steel” resource at Bekisopa with impressive grades of 45.3% iron and a 58% David Tube Recovery (DTR) level, which will produce a 68.7% iron concentrate at 75 microns.

Green steel is a high value steel product produced without the use of fossil fuels. Manufacturers are increasingly seeking higher-grade ores with fewer impurities that are more energy efficient and cost effective to process at their green steel plants.

Akora is confident its “green steel” zone is readily upgradeable and will becoming increasingly valuable.

As part of its Bekisopa development plans, the company is preparing for an additional 800 metres of infill drilling across the Bekisopa Northern and Central Zones to further expand start-up direct shipment ore (DSO) tonnage.

A review of the unreleased 2022 scoping study based on the Indicated DSO start-up tonnes and grade is also underway.

The global green steel market size was $121 million in 2021, and is projected to reach $560 million by 2031, registering a CAGR of 131.8% from 2022.

Articles:
https://smallcaps.com.au/akora-resources-boosts-resource-numbers-defines-green-steel-zone-bekisopa/
https://smallcaps.com.au/akora-resources-green-steel-future-samples-return-high-grade-assays/

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

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