TIDMZIOC

RNS Number : 5612S

Zanaga Iron Ore Company Ltd

07 November 2023

7 November 2023

Updated Investor Presentation

Zanaga Iron Ore Company Limited ("ZIOC" or the "Company") (AIM: ZIOC), is pleased to announce that an updated investor presentation has been uploaded to the Company's website and can be accessed using the following link: Zanaga Investor Presentation Link

The investor presentation includes further information on the Company's Feasibility Study update process with its Chinese EPC Partner, particularly highlighting the significance of this exercise being conducted to a 'feasibility study' level of accuracy, versus previous re-costing exercises which were conducted to only 'concept level' accuracy.

The Company expects to also benefit from its Chinese EPC Partner's ability to secure lower Chinese contractor pricing, as well as specialised design and construction expertise in slurry pipeline projects as well as iron ore pellet feed concentrate projects similar to the Zanaga Project.

The investor presentation also includes further information on the Company's corporate strategy (announced in September 2023) which seeks to advance k ey milestones and objectives through to the end of Q1 2024, including:

   --    Feasibility Study update - End 2023 
   --    Hydro power partnership - Q1 2024 (Memorandum of Understanding) 
   --    Port partnership - Q1 2024 (Memorandum of Understanding) 
   --    Strategic partner initiative - Q1 2024 (Memorandum of Understanding)

For further information, please contact:

Zanaga Iron Ore

   Corporate Development and                           Andrew Trahar 
   Investor Relations Manager                            +44 20 7399 1105

Liberum Capital Limited

   Nominated Adviser                                           Scott Mathieson, Kane Collings 
   and Corporate Broker                                       +44 20 3100 2000

About us:

Zanaga Iron Ore Company Limited (AIM ticker: ZIOC) is the owner of 100% of the Zanaga Iron Ore Project based in the Republic of Congo (Congo Brazzaville). The Zanaga Iron Ore Project is one of the largest iron ore deposits in Africa and has the potential to become a world-class iron ore producer.

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November 07, 2023 02:00 ET (07:00 GMT)

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