Appointment of Joint Broker
Zanaga Iron Ore Company Limited has appointed Tamesis Partners LLP as a Joint Broker with immediate effect, joining Panmure Liberum Limited and Shard Capital LLP. This appointment is intended to support the company's growth strategy as it progresses the development of its significant Zanaga Iron Ore Project, which boasts a 6.9 billion tonne resource and aims for 30Mtpa production of high-grade DRI pellet feed. The company highlights the project's strong economic viability confirmed by a 2024 Feasibility Study and its strategic positioning to meet the increasing demand for low-carbon steel production.
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Zanaga Iron Ore Company Limited (AIM: ZIOC), which is progressing with the development of the Zanaga Iron Ore Project, is pleased to announce the appointment of Tamesis Partners LLP as Joint Broker to the Company with immediate effect.
Panmure Liberum Limited will continue to act as the Company's Nominated Advisor and Joint Broker, and Shard Capital LLP will continue to act as Joint Broker.
Tamesis Partners LLP commented:
"The progress made by management, particularly confirmation of the ability to produce a high-grade Direct Reduced Iron pellet feed product, has positioned the Zanaga Project as one of the most significant iron ore development opportunities globally, with standout economic returns. We are looking forward to working with the Company to build awareness with investors as the project advances towards development."
Martin Knauth, CEO of ZIOC, commented:
"We are pleased to welcome Tamesis Partners LLP as Joint Broker. Their expertise in the mining sector and strong relationships across the investor community will support our growth strategy as we achieve these milestones. We look forward to working closely with Tamesis."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.