AKORA Resources Limited provided shareholders with an update on the 2022 Bekisopa Southern Zone in-fill drilling campaign on tenement 10430. Drilling commenced on September 8, 2022. The drilling contractor, CDS, and the geological team, VATO Consulting, are the same excellent teams used during 2021.

A casual workforce from the nearby villages have been trained to work with the operational and geological crews and have efficiently completed all preparations for this drilling campaign. Costings have been maintained at 2021 levels, with lessons and savings from camp site and logistics incorporated into the 2022 plan. Bekisopa Southern Zone 2022 DSO In-Fill Drilling Campaign: Successful drilling in 2020 and 2021 demonstrated the potential for a substantial high-grade DSO tonnage at Bekisopa.

AKORA has planned an extensive in-fill drilling campaign to better define this DSO tonnage and grade. The aim is to establish a low cost minesite operation. The location of the in-fill drill holes has been determined with reference to the DSO assays from the 2021-2022 drilling and further targets the near-surface eastern and western areas where previous drilling intercepted high-grade iron mineralisation.

In-fill drilling is planned on a 50-metre by 50-metre grid. Drill holes depth will vary from 5 meters to 24 meters. This will enable a higher defined DSO Resource for production planning.

The combined the eastern and western sides of the Southern Zone drill grids cover an area of 600 meters by 500 meters and is likely to improve the definition of the DSO tonnage and grade. This 2022 in-fill drilling campaign will better define the DSO tonnage and grade across the Southern Zone and enable the quantification of a higher quality DSO Resource calculation. These DSO drill assays in combination with a selective mining and processing methodology should are aimed at generating high-grade DSO at Bekisopa for several years with potential for a high margin cash flow.