Australia's Akora at 1-1/2-month peak on higher resource estimate at Madagascar project
** Shares of Akora Resources AKO.AX rise as much as 8.8%
to A$0.185, their highest since April 17
** Stock posts its biggest intraday percentage gain since
Apri 23
** The iron ore miner increases mineral resource estimate at
its Bekisopa Iron Ore Project in Madagascar by 42% to 7.88
million tons
** Akora stock up 14.5% YTD, based on last close
(Reporting by Aaditya Govind Rao in Bengaluru)
((Aaditya.govindrao@thomsonreuters.com;))
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