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Zanaga Iron Ore
(LSE:ZIOC)
Zanaga Iron Ore (ZIOC) vs. iShares MSCI United Kingdom ETF (EWC)
Zanaga Iron Ore Business Overview & Revenue Model
Zanaga Iron Ore Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -5.67K | -2.22M | -2.67M | -461.00K | -1.23M | -1.10M |
| Net Income | -4.73K | -2.29M | -2.72M | 8.10M | -1.90M | -1.82M |
Balance Sheet | ||||||
| Total Assets | 90.17M | 86.32M | 88.04M | 86.43M | 37.89M | 37.76M |
| Cash, Cash Equivalents and Short-Term Investments | 3.94M | 110.00K | 899.00K | 310.00K | 387.00K | 352.00K |
| Total Debt | 79.00K | 91.00K | 1.80M | 500.00K | 0.00 | 0.00 |
| Total Liabilities | 141.00K | 778.00K | 2.22M | 1.22M | 153.00K | 184.00K |
| Stockholders Equity | 90.03M | 85.54M | 85.82M | 85.20M | 37.74M | 37.58M |
Cash Flow | ||||||
| Free Cash Flow | -5.57K | -1.16M | -1.79M | -97.00K | -873.00K | -369.00K |
| Operating Cash Flow | -5.57K | -1.16M | -1.79M | -97.00K | -873.00K | -369.00K |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | -95.00K | -604.00K | -578.00K |
| Financing Cash Flow | 9.29K | 344.00K | 2.29M | 0.00 | 1.52M | 564.00K |
Zanaga Iron Ore Peers Comparison
Zanaga Iron Ore Corporate Events
Zanaga Iron Ore Company Limited will host an investor briefing during Mining Indaba 2026 in Cape Town on 10 February, where it plans to update shareholders on its strategic partner process and development plans for the Zanaga Iron Ore Project. The company will publish the event presentation on its website and intends to release further details about the investor event shortly, underlining its efforts to advance project development and communicate progress to the market.
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.
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.
Zanaga Iron Ore Company has set out a packed Q1 2026 schedule for advancing its flagship Zanaga Project, confirming that a suite of project value enhancement workstreams completed in 2025 are now undergoing final board review ahead of detailed results being published on 6 January 2026. The company will follow this with a February project development strategy update incorporating FEED outcomes for its DRI-focused process plant, revised capital and operating costs, and an integrated plan covering logistics and infrastructure, while in parallel running a strategic partner process to secure initial investor offers and agree transaction terms with a preferred partner during the first quarter, a timeline that could prove pivotal to funding and bringing one of the world’s largest potential iron ore mines into development.
Zanaga Iron Ore Company Limited announced that all resolutions were approved at its Annual General Meeting held on 19 December 2025, providing shareholder backing for the company’s governance and strategic direction as it advances the Zanaga Iron Ore Project. With a sizeable permitted resource base and a feasibility study confirming strong economics for staged development, the company’s successful AGM underpins its efforts to establish one of the world’s largest high-grade iron ore operations, reinforcing its positioning in the global shift toward higher-quality feedstock for lower-carbon steel production.
Zanaga Iron Ore Company Limited has appointed Tamesis Partners LLP as a Joint Broker to support its growth strategy as it advances the Zanaga Iron Ore Project. This appointment is expected to enhance investor awareness and leverage Tamesis Partners’ expertise in the mining sector. The Zanaga Project is recognized as one of the most significant iron ore development opportunities globally, with potential for substantial economic returns and a strong position in the market for high-quality, low-impurity iron ore.
Zanaga Iron Ore Company Limited has launched a new website with updated branding and content, reflecting its commitment to growth and innovation. This digital upgrade aims to provide stakeholders with a more engaging experience and includes an updated investor presentation outlining the company’s growth strategy. The move is part of Zanaga’s efforts to strengthen its market presence and capitalize on the growing demand for high-quality iron ore.
Zanaga Iron Ore Company Limited has announced the posting of its Annual Report and Accounts for the year ended 31 December 2024, along with the notice of its forthcoming Annual General Meeting (AGM) scheduled for 19 December 2025. The company’s strategic positioning and secured permits for the Zanaga Project highlight its potential to become one of the largest producers of high-grade iron ore, aligning with the global shift towards low-carbon steel production.