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AKORA (ASX:AKO) confirms high Fe grades near surface at Madagascar project

ASX News, Mining
ASX:AKO      MCAP $15.04M
13 January 2022 09:40 (AEST)

Field crew at Bekisopa project. Source: AKORA Resources

AKORA Resources (AKO) has reported substantial continuous mineralisation from drilling at its Bekisopa iron ore prospect in Madagascar.

Drill hole BEKD04 was extensively evaluated using magnetic separation techniques.

This was done to better understand the potential to achieve high-grade products along this particular drill hole and as that may extend across the Central Zone.

Preliminary processing trial results for BEKD04 from surface to 38.1 m showed this interval readily upgraded at a 2 mm crush to 66.1 per cent Fe and at a 75-micron sizing to an outstanding 70.2 per cent Fe using magnetic separation, both with substantial reduction in impurities.

Assay results for BEKD04 shows an average of 61.4 per cent Fe from surface to 4.67 metres, this drill hole finished in mineralisation at 100.49 metres downhole with the last 5 metres averaging 52.1 per cent Fe.

In conjunction with the assaying, AKORA also conducted wLIMS and DTT process trials on continuous drill core composites and intervals from surface to 38 metres downhole on BEKD04.

The objective of these processing trials being to better understand the upgradability of the iron mineralisation near surface to 38.1 metres and from 72.6 metres to 100.49 metres downhole.

These results could potentially be similar across the entire Central Zone.

The recent wLIMS and DTT trials were on composites of adjacent drill core intervals from Bekisopa 2020 drill hole BEKD04, which is centrally located within the Central Zone.

Each wLIMS composite included six to eight adjoining samples, covering around 6 metres in length, typical height of a mining bench, full details reported in ASX Announcements 11 January 2022.

The full wLIMS and DTT process trials show that an average iron head grade of 35.1 per cent Fe readily upgrades to 66.1 per cent Fe and 70.2 per cent Fe respectively for iron mineralisation from surface to 38.1 metre downhole.

A feature of the Bekisopa iron mineralization is its ability to be readily upgraded using conventional magnetic separation processes. wLIMS and DTT are both versions applying magnetic separation techniques and are chosen dependent on the feed sizing to be evaluated.

The Bekisopa Central Zone drilling assays have shown a substantial continuous mineralisation over at least 500 metre strike.

AKORA is engaged in the exploration and development of the Bekisopa Project, the Tratramarina Project and the Ambodilafa Project, iron ore projects in Madagascar, totalling some 308 sqkm of tenements across the three prospective exploration areas.

AKORA Resources (AKO) closed at $0.25 on January 12.

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