Akora Resources : Presentation for Webinar

Drilling

Bekisopa onlyNov 2021

useersonal

AKORA

Resources

Bekisopa

Project

DSO and

High Grade

Iron Ore

ASX: AKO	Investor Presentation
January 2022

Disclaimer

Forward Looking and Competent Person Statement

This corporate presentation contains forward looking statements which constitute "forward looking information" within the meaning of securities legislation and "Forward Looking Statements".

	•	All statements included herein, other than statements of historical fact, are Forward Looking Statements and are subject to a variety of known and unknown risks and uncertainties which could cause actual events or results to differ materially from those reflected in
		the Forward Looking Statements. The Forward Looking Statements in this corporate presentation may include, without limitation, statements about the company's plans for its exploration projects and future exploration, evaluation and development including drilling
		activities, quantification of mineral resources, feasibility studies, the construction and development of the Bekisopa Project, the company's business strategy, plans and outlook; the merit of the company's mineral properties; mineral exploration potential, timelines;
		the future financial or operating performance of the company and cost guidance; expenditures; approvals and other matters.
	•	Often, but not always, these Forward Looking Statements can be identified by the use of words such as "estimate", "estimated", "potential", "planned", "open", "future", "assumed", "projected", "calculated", "used", "detailed", "has been", "gain", "upgraded",
		"expected", "offset", "limited", "contained","reflecting","containing","conduct","increasing","remaining","to be", "periodically", or statements that events, "could" or" should" occur or be achieved and similar expressions, including negative variations.
	•	Forward Looking Statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any results, performance or achievements expressed or
		implied by the Forward Looking Statements. Such uncertainties and factors include, among others, changes in general economic conditions and financial markets; changes in commodity prices; technological and operational hazards in mine development activities;
onlyrisks inherent in mineral exploration; uncertainties inherent in the estimation of mineral reserves, mineral resources, and metal recoveries; construction delays, the timing and availability of financing; governmental and other approvals; political unrest or instability in
		countries where IPR is active; labour relations issues; as well as those factors discussed under "Risk Factors" in the Company's Subscription Deed.
use
	•	Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in Forward Looking Statements, there may be other factors that cause actions, events or results to differ
		from those anticipated, estimated or intended. Forward Looking Statements contained herein are based on the assumptions, beliefs, expectations and opinions of management, including but not limited to estimates of future exploration success; expectations on
		economic viability of any mineral resource identified; expectations regarding future construction costs; expected trends in mineral prices and currency exchange rates; that the company's activities will be in accordance with the company's public statements and
		stated goals; that there will be no material adverse change affecting the company or its properties; that all required approvals will be obtained; that there will be no significant disruptions affecting operations, including the development and construction of the
		Bekisopa Project or any other project the Company seeks to advance, and such other assumptions as set out herein.
	•	Forward Looking Statements are made as of the date hereof and the Company disclaims any obligation to update any Forward Looking Statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can
		be no assurance that Forward Looking Statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on Forward Looking
		Statements. This corporate presentation also refers to non-IFRS financial measures, such as future guesstimate of cash cost per tonne of processed ore and guesstimates of operating cash flow. These measures do not have a standardized meaning or method of
		calculation, even though the descriptions of such measures may be similar.
ersonal
	Competent Person Statement
	•	The information in this report that relates to Exploration Targets, Exploration Results, and related scientific and technical information, is based on and fairly represents information compiled by Mr Anthony Truelove. Mr Truelove is a consulting geologist to Akora
		Resources Limited (AKO). He is a shareholder in Akora Resources Limited, holding 4,545 shares he purchased in 2011, some 8 years prior to being engaged as a consultant. Mr Truelove is a Member of the Australasian Institute of Mining and Metallurgy
		(MAusIMM) and a Member of the Australian Institute of Geoscientists (MAIG). Mr Truelove has sufficient experience which is relevant to the styles of mineralisation and types of deposits under consideration and to the activity which he is undertaking to qualify as a
		Competent Person as defined in the JORC Code. Mr Truelove consents to the inclusion in this report of the matters based on his information in the form and context in which it appears including sampling, analytical and test data underlying the results.
	•	The information in this report that relates to Mineral Processing and related scientific and technical information, is based on, and fairly represents information compiled by Mr Paul Bibby. Mr Bibby is a Metallurgist and Managing Director of Akora Resources Limited
		(AKO), as such he is a shareholder in Akora Resources Limited. Mr Bibby is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM). Mr Bibby has sufficient experience which is relevant to the styles of mineralisation and its processing under
		consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the JORC Code. Mr Bibby consents to the inclusion in this report of the matters based on his information in the form and context in which it appears including
		analytical, test data and mineral processing results.
			2

AKORA Resources - Madagascan High-Grade Iron Ore

only
Outcrop - 66.7% iron ore
use
High-Grade Outcrop
ersonal	and
	Surface Iron	Bekisopa
	formations

Low-cost DSO start	Toliara
to operations

Future Projects

Tratramarina

Ambodilafa

Trench 36 - South,

BEKD17 2.2m at 66.1%Fe

3

Bekisopa drilling campaigns

	➢ Completed 63 drill holes, totaling 6,200m drilled
	➢ Confirms iron mineralisation continues;
	only	➢ below high-grade outcrop
	➢ at depth 250m downhole, dipping to the west
	use
	➢ along 6-kilometer strike
	➢ across strike widths +650m
	➢ true thickness 50 to 100m across and down dip
	➢ Drilled only 30% of the 6km strike length
	➢ Results indicate potential for a significant ore
	body
	ersonal

Tenement 3757

2.5 by 2.5 km2

Tenement 10430

5 by 5 kms

Bekisopa - Central Zone

only
	➢ Completed 12 drill holes
		➢ 903.3m shallow drilling
	➢ Central Zone iron mineralisation;
use	➢ at depth 100m downhole
➢ 4 holes ended in iron mineralisation
➢ across strike widths +300m
➢ true thickness 50 to 70m
ersonal	➢ continues at depth, dipping to the west
➢ continues 1,800 m along strike

Tenement

3757

2.5 by 2.5 kms

Central

Zone

Tenement 10430

5 by 5 kms