AKORA Secures Mining Permit for Bekisopa High-Grade Iron Ore Project
AKORA Resources Limited (ASX: AKO) has been granted a Mining Permit for its Bekisopa high-grade iron ore project in Madagascar, marking a key regulatory milestone and enabling transition from exploration to development. The approval clears the pathway toward Stage One production and supports engagement with strategic partners, financiers and potential offtake providers as the company advances funding and development planning.
The March 2025 Pre-Feasibility Study outlined a six-year initial mine life with low upfront capital of US$61 million and strong project economics. Key metrics included an NPV10 of US$147 million, an IRR of 86%, C1 cash costs of US$42 per tonne, total projected revenue of US$789 million and pre-tax cash flow of US$310 million. Capital payback was estimated at 1.8 years. The permit also covers future development potential linked to the broader magnetite resource, positioning Bekisopa as a scalable high-grade iron ore opportunity.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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AKORA Secures Mining Permit for Bekisopa High-Grade Iron Ore Project
AKORA Resources Limited (ASX: AKO) has been granted a Mining Permit for its Bekisopa high-grade iron ore project in Madagascar, marking a key regulatory milestone and enabling transition from exploration to development. The approval clears the pathway toward Stage One production and supports engagement with strategic partners, financiers and potential offtake providers as the company advances funding and development planning.
The March 2025 Pre-Feasibility Study outlined a six-year initial mine life with low upfront capital of US$61 million and strong project economics. Key metrics included an NPV10 of US$147 million, an IRR of 86%, C1 cash costs of US$42 per tonne, total projected revenue of US$789 million and pre-tax cash flow of US$310 million. Capital payback was estimated at 1.8 years. The permit also covers future development potential linked to the broader magnetite resource, positioning Bekisopa as a scalable high-grade iron ore opportunity.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au