AKORA RESOURCES LIMITED — Board/Management Information 2023

Dec 12, 2023

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----- Start of picture text ----- Akora Resources Limited Phone +61 3 9381 0859211 McIllwraith Street info@akoravy.comNorth Carlton Victoria 3054 ACN 139 847 555AustraliaASX: AKO akoravy.com----- End of picture text -----

13 December 2023

ASX RELEASE

Appointment of Chief Financial Officer and Company Secretary.

AKORA Resources Limited (ASX: AKO) has appointed experienced mining company executive Mr Shane Turner as Chief Financial Officer and Company Secretary, effective from 1 January 2024.

As a Chartered Accountant with over 35 years accounting and financial experience, Mr Turner has served as a Non-Executive Director, Company Secretary (Co Sec) and Chief Financial Officer (CFO) with Mozambique-focused heavy mineral sands company MRG Metals Ltd (ASX:MRQ) since 2011, and as Co Sec and CFO for White Rock Minerals Ltd (ASX:WRM) since 2016.

Outgoing CFO, Mr John Madden, whose retirement was announced in August, will continue to serve the Company until the 2023 year-end accounts and Annual Report are completed in early 2024. The Company acknowledges and thanks John for his contribution and guidance since establishing the company in 2009.

AKORA’s Managing Director and CEO, Mr Paul Bibby, said: “We are pleased that Mr Turner has joined AKORA, his financial background and experience in the African mining space will be a tremendous asset to the Company as we advance our high-grade iron ore projects in Madagascar.”

This announcement has been authorised by Akora Resources’ Board of Directors.

For further information please contact:

Paul G Bibby Managing Director Phone +61(0) 419 449 833 www.akoravy.com

Gareth Quinn Investor Relations Phone +61(0) 417 711 108 gareth@republicpr.com.au

Higher-grade iron ore for greener steel.

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Higher-grade iron ore for greener steel

Akora Resources (ASX: AKO) is an exploration company engaged in the exploration and development of the Bekisopa, Satrokala, Tratramarina and Ambodilafa Projects, all iron ore prospects in Madagascar where the company holds 308km[2] of tenements across these three prospective exploration areas.

Bekisopa Iron Ore Project is a high-grade iron ore project with an ~6km strike length and an Inferred Resource of 194.7 million tonnes. Bekisopa has outcropping and weathered zone Direct Shipping Ore (DSO) iron ore and potential to produce a premium grade +68% iron concentrate suitable for Direct Reduced Iron pellets for a green steel future.

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