Zanaga Iron Ore Company Ltd Pellet Test Announcement (9314W)
07 August 2018 - 4:00PM
UK Regulatory
TIDMZIOC
RNS Number : 9314W
Zanaga Iron Ore Company Ltd
07 August 2018
7 August 2018
POSITIVE PELLET TEST RESULTS
Zanaga Iron Ore Company ("ZIOC" or the "Company") (AIM:ZIOC) is
pleased to announce positive pellet test results from recent test
work.
On 30 June 2018 ZIOC announced the significant progress made in
the Zanaga Iron Ore Project's pelletisation test work programme
aimed at producing an industry acceptable iron ore pellet product
using a lower cost cold pelletisation process. The results showed
that the most recent batches of Zanaga cold pellets had met all
industry standard tests as determined by independent third party
laboratories.
Test work was then commissioned with the intention of
ascertaining commercial acceptability in the steel production
process. Two further 20kg samples of Zanaga cold pellets were sent
to a European steel mill as well as an accredited European
laboratory servicing the steel industry.
ZIOC is pleased to confirm that the tests conducted by these
independent laboratories have returned positive results within the
industry acceptable limits for conventional pellets.
These tests were undertaken by Jumelles, the joint venture
between the Company and Glencore, as part of the overall initiative
to establish the viability of an Early Production Project (EPP) as
described in the Company's Annual Report of 30 June 2018. As part
of the ongoing work-streams, discussions are taking place with
steel mills globally to consider further steps and tests that need
to be taken in order to assess potential demand and pricing for
Zanaga pellets and pellet feed concentrate.
Clifford Elphick, Non-Executive Chairman of ZIOC, commented:
"The positive results from recent pellet tests with a leading
steel mill and an accredited independent European laboratory,
servicing the steel industry, are encouraging indicators of the
potential for Zanaga to produce a commercially accepted pellet
product with high iron content and low impurities"
______________________________________________
The Zanaga Iron Ore Company Limited LEI number is
21380085XNXEX6NL6L23.
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, Financial Neil Elliot
Adviser and Corporate Broker and Richard Crawley
+44 20 3100 2000
About us:
Zanaga Iron Ore Company Limited (AIM ticker: ZIOC) is the owner
of 50% less one share in the Zanaga Iron Ore Project based in the
Republic of Congo (Congo Brazzaville) through its investment in
associate. 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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contact rns@lseg.com or visit www.rns.com.
END
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