Advancements in Bekisopa project milestones
AKORA Resources (ASX: AKO) has made notable progress in advancing its Bekisopa high-grade direct shipping ore (DSO) initiative in Madagascar. The company has effectively concluded both geotechnical and hydrological drilling, which are crucial elements in mitigating risks associated with the project and enhancing its pathway to production. These milestones are vital for assessing the site’s structural soundness and water management strategies, which are pivotal for the project’s sustainable future.
The finalization of these technical evaluations not only fortifies the groundwork for the forthcoming pre-feasibility study (PFS) but also emphasizes AKORA’s dedication to driving the development of Bekisopa forward. Investors are likely to pay close attention to the subsequent actions, as these accomplishments diminish uncertainty and bolster the project’s overall value proposition.
Schedule for pre-feasibility study completion
AKORA Resources has established a clear schedule for finalizing the pre-feasibility study (PFS) for the Bekisopa project, aiming for early 2025 for its completion. This timeline is in line with the company’s strategic goals to systematically progress the project while ensuring comprehensive evaluation of all technical, environmental, and economic considerations.
The PFS will deliver an in-depth evaluation of the project’s feasibility, encompassing capital and operational expenses, production timelines, and potential returns. Given the superior quality of the Bekisopa ore, the PFS is anticipated to underscore the project’s robust economic prospects, especially in light of the increasing global appetite for premium iron ore. Investors will be eager to learn how the study addresses critical issues such as logistics, infrastructure, and access to markets, which are essential for a project of this magnitude in Madagascar.
With the successful completion of the geotechnical and hydrological drilling, AKORA is strategically poised to proceed with the remaining technical assessments needed for the PFS. The company has expressed its intent to continue providing updates as it navigates through various phases of the study, keeping stakeholders apprised of any changes that could influence the project’s schedule or financial viability.
