Akora Resources reported success in its fourth drill campaign at the Bekisopa Iron Ore Project in Madagascar, uncovering high-grade direct shipping iron ore in the northern and central zones.

Of 65 drill holes, 52 revealed high-grade iron mineralisation, suggesting potential expansion beyond the initially reported 4.4 million tonnes indicated DSO resource in the southern zone.

New assay results will contribute to an updated mineral resource estimate in the second quarter.

The scoping study indicates potential production of 2Mt per annum over a five-year mine life.