Zanaga Iron Ore (GB:ZIOC) has released an update.
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Zanaga Iron Ore Company Ltd reported positive outcomes from its 2024 Feasibility Study, highlighting the economic viability of its flagship 30Mtpa Project with a potential US$ 7.36 billion combined Net Present Value and advancements in strategic partnerships and funding. The company has initiated preparations for the Front End Engineering and Design phase and is exploring new iron ore processing technologies to further reduce costs. Additionally, the company has secured funding through loan agreements and equity subscription agreements to support its operations and the Zanaga Project.
For further insights into GB:ZIOC stock, check out TipRanks’ Stock Analysis page.
