Akora Resources Ltd

Akora Resources Limited is engaged in the exploration and development of the Bekisopa, Satrokala, Tratramarina and Ambodilafa Projects, all iron ore prospects in Madagascar. It holds over 308 square kilometers (km2) of tenements across these four prospective exploration areas. The Company’s flagship Bekisopa Iron Ore Project has approximately 194.7 million tons (mt) Inferred Joint Ore Reserves Committee (JORC) Resource. The Bekisopa project is located over 220km from the West Coast and is accessed from Antananarivo. The Satrokala Project is located over 40km to the west of Bekisopa. The Tratramarina Project is located approximately16km from the ocean with a potential port/transhipping location south of Mahanoro near the mouth of the Mangoro River. The Ambodilafa Project is located approximately 45km from the coastal town of Nosy Varika and 75km southwest of Mahanoro, which is a natural transhipping port location. Its geographical segments include Australia and Madagascar.