AKORA Resources provided shareholders with the assay results for Southern Zone drill holes BEKD09 to 18, BEKD28 to 36, BEKD43 to 49 and BEKD554 to 63, in total 37 drill holes, plus processing trial reporting on Bekisopa drill holes BEKD10 and BEKD34 within Bekisopa tenement 10430. Across the Southern Zone drill holes there are high-grade near surface assays +64% Fe, clearly indicates the potentially Direct Ship Ore (DSO) lump and fines, in 13 of the 29 drill holes that intercepted iron mineralisation at surface with 14.6m @ 64.94% Fe in BEKD13, 8.19m @ 68.15% Fe in BEKD31, 5.88m @ 63.87% Fe from 0.9 to 6.78m in BEKD44. At depth 7 drill holes recorded substantial iron intercepts grading +63% Fe with 19.5m @ 63.26% Fe from 68.1m downhole in BEKD46 and 11m @ 63.96% Fe from 56.8m downhole in BEKD45.

Drill holes intercepted iron mineralisation deep downhole in several Southern drill holes; 155.64m continuous iron intercept ending at 172.74m at an average 37.05% Fe in BEKD46, 150.85m continuous iron intercept ending at 173.94m at an average 33.20% Fe in BEKD59 and 146.07m continuous iron intercept ending at 182.47m at an average 38.42% Fe including 70.41m at 46.14% Fe in BEKD43, Significant Iron Intercepts. Drill holes BEKD10 and 34 were extensively evaluated using magnetic separation techniques, wet Low Intensity Magnetic Separation (wLIMS) and Davis Tube Tests (DTT), to better understand the capacity of AKORA to achieve high-grade products along these drill holes. There is potential for the mineralisation to extend across the entire Southern Zone.

Preliminary processing trial results for BEKD10, on the eastern side of the Southern Zone, from surface to 37.2m downhole showed this mineralisation readily upgraded at a 2mm crush to 62.4% Fe and at a 75-micron sizing to an outstanding 69.3% Fe. The same processing trials on BEKD34, on the western side of the Southern Zone, delivered 66% Fe after a 2mm crush and 69.5% Fe at a 75-micron sizing using magnetic separation, all with substantial reduction in impurities. These processing trials show the consistency of upgradability across the expansive Southern Zone and largely replicate the results achieved on the Northern and Central Zones and therefore, along the main 5-kilometer strike length.