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Zanaga Iron Ore ( (GB:ZIOC) ) just unveiled an update.
Zanaga Iron Ore Company announced its audited results for the year ending December 2024, highlighting significant progress in its flagship Zanaga Iron Ore Project. The completion of the 2024 Feasibility Study confirmed robust economics for the project’s two-stage development, with potential NPV enhancements exceeding US$4 billion. Key initiatives include improving DRI product quality, constructing a pellet plant, and developing a single pipeline to reduce costs and accelerate timelines. The company also secured strategic partnerships and completed a transformative equity fundraise, leading to the exit of Glencore as a shareholder and the entry of new investors with substantial mining industry experience. These developments position Zanaga as a strategic asset in the iron ore market, with a focus on high-grade iron ore production to meet global decarbonization efforts.
More about Zanaga Iron Ore
Zanaga Iron Ore Company Limited is an iron ore exploration and development company, with its flagship asset being the Zanaga Iron Ore Project located in the Republic of Congo. The company is positioned to become one of the largest producers of high-grade premium DRI pellet feed iron ore, catering to the growing demand for efficient low carbon emission steel production.
Average Trading Volume: 495,016
Technical Sentiment Signal: Buy
Current Market Cap: £67.51M
See more data about ZIOC stock on TipRanks’ Stock Analysis page.