Zanaga Iron Ore (GB:ZIOC) has released an update.
Zanaga Iron Ore Company has announced positive results from their 2024 Feasibility Study update, showcasing strong economic potential for its Zanaga Iron Ore Project with significant Net Present Values and Internal Rates of Return for its two-stage development plan. The updated costs and partnership with a Chinese engineering firm have provided a higher confidence level in the project’s viability, setting a solid foundation for future phases and attracting potential strategic investors. The company is also progressing with other key initiatives, including hydro-electric power and mineral port investments, to further enhance the project’s prospects.
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