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An announcement from Zanaga Iron Ore ( (GB:ZIOC) ) is now available.
Zanaga Iron Ore Company Limited has announced an updated project development strategy for its Zanaga Iron Ore Project, which includes four key workstreams aimed at enhancing the project’s value. These workstreams focus on product quality enhancements, a pellet plant feasibility study, a single pipeline feasibility study, and a dry tailings feasibility study, collectively targeting a significant increase in the project’s Net Present Value. The company aims to capitalize on the growing demand for premium iron ore products, and the strategic initiatives are expected to streamline operations, reduce costs, and potentially attract strategic partners.
More about Zanaga Iron Ore
Zanaga Iron Ore Company Limited (AIM: ZIOC) is an iron ore exploration and development company with its flagship asset, the Zanaga Iron Ore Project, located in the Republic of Congo. The project boasts a 6.9 billion tonne resource and a 2.1 billion tonne reserve, designed for 30Mtpa production of high-grade pellet feed. With key permits in place, Zanaga is positioned to meet the growing demand for high-quality, low-impurity iron ore.
YTD Price Performance: 2.38%
Average Trading Volume: 1,395,700
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £79.06M
For an in-depth examination of ZIOC stock, go to TipRanks’ Stock Analysis page.