AKORA Resources provided shareholders with assay results for Northern Zone drill holes BEKD01, 02,19, 20, 23, 24, 25, 26, 27, 50, 51, 52, and 53 plus processing trial reporting on Bekisopa drill hole BEKD01 and BEKD19 within Bekisopa tenement 10430. The drilling details for drill hole BEKD01 and BEKD02 are covered in ASX Announcements of 13 April 2021, BEKD19 and BEKD20 in ASX Announcement 20 July 2021 and BEKD23 to 27 in ASX Announcement 17 August 2021. Drill holes intercepted iron mineralization deep downhole from 135 to 203m and from 144.7m to 249.3m in BEKD51 and 53 respectively at overall average grade of 30.5% and 31.4% Fe.

The true thickness in these holes being 78m and 105.5m, respectively, of continuous iron mineralization. Drill hole BEKD01 was extensively evaluated using magnetic separation techniques, wet Low Intensity Magnetic Separation (wLIMS) and Davis Tube Tests (DTT) to better understand the potential to achieve high-grade products along this drill hole and as that may extend across the Northern Zone. Across Northern Zone drill holes there are high-grade near surface assays ~64% Fe potential DSO, substantial iron intercepts downhole grading, 40.5%, 43.8%, 44.3%, 47.0%, 48.6%, 50.2%, 50.3% and 55.2%, Significant Iron Intercepts.

Preliminary processing trial results for BEKD01 from surface to 43.54m showed this interval readily upgraded at a 2mm crush to 63% Fe and at a 75-micron sizing to an outstanding 69.8% Fe using magnetic separation, both with substantial reduction in impurities. Drilling details for hole BEKD50 to 53 are included, as are the significant iron intercepts for drill holes BEKD01, 02, 19, 20, 23 to 27 and 50 to 53. Assay results near surface shows a consistent average of 63.98% Fe, 63.9% Fe, 63.8% Fe, and 59.5% Fe from surface to 6.9m, 4.59m, 3.9m and 2.2m, respectively downhole in Northern drill holes BEKD01, BEKD19, BEKD24 and BEKD23, and 61.3% Fe from 7.51m to 13.0m downhole in BEKD25.

These iron grades are DSO meaning they only require to be mined, crushed, and screened to produce benchmark grade 62% Fe, or better, as lump and fines products. These assay results confirm the magnetic susceptibility measurements and show a 50 to 100m true thickness zone of iron mineralization is present in the northern part of the tenement over a strike of at least 600m and most probably over plus 1,500m as suggested by the magnetic anomaly. Drill holes BEKD50 to 53 intercepted iron mineralization to depths of over 200m from surface and over 300m downdip, with true thicknesses estimated at between 50 and 106m.

Cross sections for drill holes BEKD02, 25 to 27 and BEKD 23 and 24 are included. These deeper drill holes are at a 200m north-south drill spacing and a 100m east-west drill spacing within an area that extends over some 600m by 200m and at a maximum depth to some 270m downdip. These westerly dipping iron formations have true widths varying from around 67.35m (BEKD51) up to 105.5m (BEKD53) and it is expectation that these drilling results should all come together and provides good evidence for significant tonnages of iron mineralization in the Northern Zone.

Several of the drillholes intersected the mineralization zone where it outcrops, and these have returned several high-grade intercepts such as 64.7% Fe from surface to 6.9m, 63.9% Fe from surface to 4.6m and 63.7% Fe from surface to 3.9m downhole in drill holes BEKD01, BEKD19 and BEKD24 respectively, see cross sections above. These iron grades are DSO equivalent, meaning they only require to be mined, crushed, and screened to produce benchmark grade 62% Fe, or better, as lump and fines products and could potentially represent a "quick-start" operation option.