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The latest announcement is out from Zanaga Iron Ore ( (GB:ZIOC) ).
Zanaga Iron Ore Company Limited announced successful metallurgical test results confirming the production of DRI grade pellet feed concentrate from its Zanaga Project. These results highlight the project’s ability to supply the expanding Electric Arc Furnace (EAF) steel sector, emphasizing its strategic importance in the global iron ore market. The achievement marks a significant milestone, enhancing the project’s market positioning and investment appeal, while aligning with global sustainability efforts in steelmaking.
More about Zanaga Iron Ore
Zanaga Iron Ore Company Limited (AIM: ZIOC) is an iron ore exploration and development company. Its primary asset is the Zanaga Iron Ore Project in the Republic of Congo, which is designed for the production of high-grade Direct Reduction Iron (DRI) pellet feed. The project boasts a significant resource and reserve base, and is positioned to meet the growing demand for low-carbon steel production.
Average Trading Volume: 523,112
Technical Sentiment Signal: Buy
Current Market Cap: £67.76M
For an in-depth examination of ZIOC stock, go to TipRanks’ Overview page.