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An update from Zanaga Iron Ore ( (GB:ZIOC) ) is now available.
Zanaga Iron Ore Company Limited has announced a significant improvement in the economic outlook of its Zanaga Project, driven by the ability to produce high-grade Direct Reduced Iron (DRI) pellet feed. The project is expected to yield a 37% increase in post-tax NPV to US$5,206 million and an IRR of 26.7%, with competitive operating costs. The high-grade product is anticipated to command a price premium in global markets, aligning with the growing demand for low-emission steel production. This development positions Zanaga to capitalize on the declining supply of DRI in the global market, offering a lucrative opportunity for stakeholders.
More about Zanaga Iron Ore
Zanaga Iron Ore Company Limited (AIM: ZIOC) is an iron ore exploration and development company with its flagship asset being the 100% owned Zanaga Iron Ore Project, located in the Republic of Congo. The project has a significant resource and reserve base aimed at producing high-grade DRI pellet feed, with key permits secured, positioning it as a potential major player in the iron ore market.
Average Trading Volume: 625,708
Technical Sentiment Signal: Buy
Current Market Cap: £64.84M
Find detailed analytics on ZIOC stock on TipRanks’ Stock Analysis page.