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An update from Zanaga Iron Ore ( (GB:ZIOC) ) is now available.
Zanaga Iron Ore has completed a series of project value enhancement workstreams for its Zanaga Iron Ore Project, delivering a potential US$11.3bn increase in revenue over the project’s initial 30-year life, US$352m in net capital expenditure savings and US$2.2bn in cash cost reductions. The studies confirmed the project’s ability to produce high-grade DRI pellet feed, assessed options for adding pellet plants, evaluated a single 30Mtpa pipeline configuration that shifts but reduces total pipeline capex, and examined thickened and dry tailings solutions, collectively improving the project’s economic profile, engineering robustness and environmental performance. The company plans to publish updated project economics and a full development strategy in February 2026 and is progressing a strategic partner process, with initial offers and a targeted transaction announcement expected in the first quarter, moves that could materially influence financing, risk profile and positioning in a rapidly decarbonising steel sector.
The most recent analyst rating on (GB:ZIOC) stock is a Hold with a £8.00 price target. To see the full list of analyst forecasts on Zanaga Iron Ore stock, see the GB:ZIOC Stock Forecast page.
Spark’s Take on GB:ZIOC Stock
According to Spark, TipRanks’ AI Analyst, GB:ZIOC is a Neutral.
The score is held back primarily by the lack of revenue, recurring losses, and persistent negative free cash flow, partially offset by a strong, low-debt balance sheet. Technical indicators add a modest positive tilt, while valuation signals remain weak due to loss-driven negative earnings and no dividend support.
To see Spark’s full report on GB:ZIOC stock, click here.
More about Zanaga Iron Ore
Zanaga Iron Ore Company Limited is an iron ore development company listed on AIM, focused on advancing the large-scale Zanaga Iron Ore Project in the Republic of Congo. The project aims to produce premium direct reduced iron (DRI)-grade pellet feed with iron content above 68.5% Fe, targeting the growing global market for high-grade iron ore products used in lower-carbon steelmaking, particularly for electric arc furnace-based production.
Average Trading Volume: 775,167
Technical Sentiment Signal: Buy
Current Market Cap: £66.09M
For an in-depth examination of ZIOC stock, go to TipRanks’ Overview page.