Genmin Limited Advances Baniaka Iron Ore Project in Gabon

Genmin Ltd. ( (AU:GEN) ) has provided an announcement.

Genmin Limited has announced a corporate presentation highlighting its progress in developing the Baniaka iron ore project in Gabon. The project has received necessary environmental and mining permits, and the company is in discussions with potential financing partners to achieve project-build financing. With plans to commence production at an initial rate of 5Mtpa, Genmin aims to expand to 10Mtpa over time, positioning itself as a key player in the African iron ore market.

The most recent analyst rating on (AU:GEN) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on Genmin Ltd. stock, see the AU:GEN Stock Forecast page.

More about Genmin Ltd.

Genmin Limited is an emerging African iron ore producer listed on the ASX, with a focus on developing its projects in the Republic of Gabon, West Central Africa. The company holds 100% interests in three projects, including the flagship Baniaka and Bakoumba iron ore projects in south-east Gabon. These projects are strategically located near existing transport and renewable energy infrastructure, facilitating their development. Genmin aims to establish Gabon’s first commercial iron ore mine with plans to start production by late 2026.

Average Trading Volume: 829,646

Technical Sentiment Signal: Sell

Current Market Cap: A$19.52M

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