Zanaga Iron Ore shares climb on flagship project updates

(Alliance News) - Zanaga Iron Ore Co Ltd on Tuesday provided a timeline for key development announcements related to its flagship iron ore project, including workstreams results and investor offers.

Shares in Zanaga climbed 14% to 8.71 pence on Tuesday afternoon in London.

The iron ore exploration and development company's flagship project is the Zanaga Iron Ore project, located in the Republic of Congo.

Zanaga said it will publish project value enhancement workstreams results on Tuesday next week, having completed the workstreams "on time, and within budget".

The company added it will provide a project development strategy update in February, which includes an integrated plan, as well as logistics and infrastructure solutions required to support development.

Zanaga said it intends to secure initial investor offers during the first quarter of 2026 and aims to announce the transaction terms of a selected strategic investor during the quarter too.

"I am pleased with the significant progress we have made in advancing the Zanaga Project during 2025," said Chief Executive Martin Knauth.

By Roya Shahidi, Alliance News reporter

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