AKORA Resources provide shareholders with an update on the completion of the 2022 Bekisopa Southern Zone Direct Ship Ore (DSO) in-fill drilling campaign on tenement PR 10430. Drilling commenced on 8 September and was successfully completed on 18 October. The drilling contractor, CDS, and the Geological team, VATO Consulting, with great assistance from community workers from the nearby Bekisopa and Tanamarina villages completed 1,165.4 metres, at a 94% drill core recovery.

The in-fill drilling campaign was conducted on only one-sixth of the known 6km strike length and therefore, potential exists to increase the DSO tonnage later with further drilling. Drilling in 2020 and 2021 demonstrated potential for a substantial high-grade DSO tonnage at Bekisopa. AKORA planned an in-fill drilling campaign to better define this DSO tonnage and grade.

The results will enable AKORA to develop a relatively low capital and low operating cost start-up DSO operation. The location of the in-fill drill holes was determined with reference to the DSO assays from the 2020-2021 drilling and further targets the near-surface eastern and western areas in the Southern Zone where previous drilling intercepted high-grade iron mineralization. In-fill drilling programme was conducted on a 50-metre by 50-metre grid.

Drill hole depth ranged from 5.6 metres to 29.6 metres, averaging 13.6 metres. Generally, mineralized intercepts were thicker than anticipated, hence an additional 315 metres or 37% more meters were drilled than planned. The first batch of assay pulps is being prepared for dispatch to ALS Perth, and when completed these results should produce a better-defined DSO Resource for production planning.

Following the Bekisopa site visit by members of the Ministry of Mines, the Company was invited to inspect the OMNIS Mineral Processing Laboratory in Antananarivo to observe preparation of the Bekisopa in-fill drilling samples. This laboratory is well equipped and conducts its activities in accordance with the Company's prescribed quality assurance and quality controls, transforming drill core samples into assay pulps for testing at ALS Perth.