Zanaga Iron Ore Company Limited
INTERIM RESULTS FOR SIX MONTHS ENDED 30 JUNE 2026
Zanaga Iron Ore Company Limited announced its unaudited interim results for the first half of 2026, highlighting a substantial increase in the Zanaga Project's NPV following an April 2026 economic update based on Direct Reduction Iron (DRI) product. The company successfully raised £5.6 million (US$7.6 million) through an equity placement and is progressing a strategic investment with Red Arc Minerals LLC, including a potential US$500 million government-backed financing. Additionally, the company commenced a bulk sampling program to confirm its revised DRI flowsheet at pilot scale, aiming to advance the project towards a Final Investment Decision.