Member Info for Feeks

Odd move, if you ask me, their plan to go into the 'on line' space when the core business is centred around people movement and security. They would be up against sophisticated established global giants in this area, surely? Would be a better idea to focus on achieving success with a profitable core business.

RM has invested approx. £31,000 since Janaury which is a substantial chunk of his earnings.

Looks like you found the bottom, Beardozer

It was a good update! You can be sure as eggs are eggs that Director buying will continue for as long as the market fails to recognise the underlying strength of these results. The market is possibly just be pricing in the i-track royalty drop off. But the stock remains good value IMO.

"The company was careful to give no estimates of the case"

That's not correct. They did just that. What they did is settle for a derisory sum - just like they said they wouldn't. It's not complicated

It's not the losses NigWit. It's the emotional feeling of being cheated. You will never be able to work this out.

Another decent RNS, they keep coming. I will buy back in here given all the promise.

Two bits to highlight:

· The Company is in process of completing an evaluation of the Net Present Value ("NPV") upside of its planned DRI product - the results of this will be announced shortly

- "I look forward to updating shareholders shortly on the value upside potential of today's results, and on the progress across our key project workstreams as we work to further actualise the extensive potential of the Project." (Martin Knauth)

Following the achievement of the positive results above, a separate independent confirmatory test work programme was completed in the United Kingdom, utilising a separate sample of the two orebody lithologies. The results from this confirmatory work validated the test work results conducted in China.

The Zanaga Project DRI test results fall squarely within or ahead of industry benchmarks for DRI feed. Both its hematite and magnetite concentrates have demonstrated to exceed the minimum DRI feed requirement of 66%-67%Fe, have low gangue (SiO₂ + Al₂O3) and ultra‐low impurities - highlighting their full technical compliance for DRI grade product quality.

Strategic Importance

DRI grade product holds significant importance in modern steel manufacturing due to its high purity and role as a feedstock into EAFs which offer a more cost-effective, and more environmentally friendly steel production alternative to traditional blast furnace methods. EAFs require lower capital investment and maintenance; they can be installed and operated with significantly lower upfront costs, using electricity instead of expensive and environmentally harmful coking coal as the primary energy source, and can operate under lower thermal stress, which reduces maintenance frequency and costs over time. The advantages of employing this production method give projects that can deliver DRI grade pellet feed concentrate a substantial market opportunity.

Accordingly, the achievement of DRI product quality test results is a significant milestone for the Zanaga Project, positioning the Company to potentially capitalise on the rising global demand for premium quality, low carbon footprint steel products. The successful results from both hematite and magnetite samples validates the robustness of the Zanaga Project's planned processing approach. The ability to consistently produce high grade DRI pellet feed concentrate, suitable for DRI pellet production to supply EAF steel customers, provides a clear competitive advantage and highlights the Zanaga Project's investment appeal to strategic and financial investors, whilst contributing to sustainable steelmaking and aligning with global efforts to reduce industrial carbon footprints.

Overview of test work and results

Overview of test work and results

During Q2 2025, the Company commissioned and completed a metallurgical laboratory test work programme aimed at determining the ability of the Zanaga Project to produce DRI grade pellet feed concentrate across its full 30 million tonnes per annum ("Mtpa") planned production scale, including both Stage One (12Mtpa) and Stage Two (18Mtpa expansion).

Representative samples of the Zanaga Project resource were assembled from both hematite and magnetite orebody lithologies, required for the Stage One and Stage Two phases of the Zanaga Project respectively.

The primary test work programme was conducted in China, involving comprehensive laboratory analyses, employing magnetic separation and flotation processes. Adjustments to the Zanaga Project's planned flow sheet resulted in the optimisation of process step configuration and, in some cases, replacement of certain processing equipment in the original flow sheet. ZIOC's team of expert technical consultants have guided that there should be no expectation of any significant change to capital and operating costs as a result of the changes to the flow sheet.

A summary of the test results is provided below:

[See RNS for table of results].

Positive Metallurgical Test Results Confirm DRI Product Quality

Zanaga Iron Ore Company Limited (AIM: ZIOC) is pleased to announce positive outcomes from its recent metallurgical test work programme, confirming the ability to produce Direct Reduction Iron ("DRI") grade pellet feed concentrate product from the Zanaga Iron Ore Project (the "Zanaga Project" or the "Project"), capable of supplying the rapidly growing low carbon Electric Arc Furnace ("EAF") steel sector.

Key Highlights

· Product test work results from both hematite and magnetite orebody lithologies met stringent DRI quality requirements critical for the rapidly growing EAF steel sector:

o Hematite concentrate grade results: 68.5 %Fe, 1.05 %SiO₂, 0.47 %Al₂O3, 0.034 %P

o Magnetite concentrate grade results: 69.1 %Fe, 1.96 %SiO₂, 0.40 %Al₂O3, 0.028 %P

· Test work results represent a significant improvement in planned product quality versus the 2014 Feasibility Study, particularly in the reduction of impurities (gangue minerals)

· DRI product quality confirmation further reinforces the strategic nature of the Zanaga Project

· The Company is in process of completing an evaluation of the Net Present Value ("NPV") upside of its planned DRI product - the results of this will be announced shortly

Martin Knauth, CEO of ZIOC, commented:

"Our achievement of enhanced DRI product quality provides a positive base for our ongoing value engineering work, including completing a feasibility study of a DRI grade pellet plant which would provide further optionality to enhance value by converting Zanaga's pellet feed concentrate into premium quality DRI pellets.

I look forward to updating shareholders shortly on the value upside potential of today's results, and on the progress across our key project workstreams as we work to further actualise the extensive potential of the Project."

Clifford Elphick, Chairman of ZIOC, commented:

"These encouraging metallurgical results further reinforce our confidence in the Zanaga Project's ability to produce premium-quality iron ore at large scale. Achieving DRI grade product quality is a critical step toward enabling the Zanaga Project to supply the rapidly growing Electric Arc Furnace steel producers, positioning the Zanaga Project strategically in the evolving global iron ore market landscape."

Nope, there was no frenzy as you put it. Investors acted in good faith on company news output. End of. And your own forecasts have all been badly wrong!

Ps. TerrorWit continues with his false narrative. The true picture is that the company misled its investors. It used the investor presentations to create false expectations of what any settlement would hold. This was only ever partially corrected, very late in the day with a murky RNS which left one to guess. Those who did not trust the company came off best.

I feel fairly certain the company once said that pursuing the other display manufacturers was not worth the effort.... so what has changed..? On the basis of Samsung litigation value it would be futile.

No problem extrader.

The article says:

"bsl’s cold agglomeration technology can be used to produce pellets from a wide variety of iron ores for use in blast furnaces, electric arc furnaces and direct reduced iron plants, as well as converting fine byproducts into valuable materials that can be added back to steelmaking furnaces."

jon stewart, ceo of binding solutions said:

“after a decade of development, the successful trial with british steel is a huge milestone in bsl’s development. this collaboration validates the potential of our cold agglomerated pellets and reinforces our confidence in scaling our technology to commercial production.”

russell kaschula, coo of binding solutions said:

“the tests confirm our technology’s effectiveness, with no impact on the blast furnace, having closely monitored all parameters to ensure a successful result in collaboration with british steel. it has been a pleasure to have worked alongside the s****horpe production and technical team and we’re thrilled with the results and proud to have proven our pellets as a viable replacement for indurated pellets.

i forgot to add the link:

https://url.uk.m.mimecastprotect.com/s/y243cwpvszpnw3f6fyhogvdi/

british steel and binding solutions successfully complete 250t cold agglomerated pellet trial

02.06.2025

2nd june 2025 – london/teesside: british steel and binding solutions limited (“bsl”), the uk based developer of green steel technology, are pleased to announce the successful completion of a 250 tonne industrial trial of bsl’s cold agglomerated pellets (“caps”) in the queen bess blast furnace at s****horpe.

bsl’s patented and proprietary caps can cut energy usage and co2e emissions by up to 80% and 70% respectively, by replacing standard pellets and sinter in blast furnaces, while also delivering economic and operational benefits.

the trial proved the operational effectiveness of bsl’s caps in a blast furnace, with blast furnace stability maintained whilst continuing to meet the plant’s required performance parameters. bsl’s caps can therefore replace up to 8% of indurated pellets in a blast furnace, offering a viable and near term opportunity for the steel industry to reduce emissions from primary steel making. bsl and british steel will publish detailed results of the test in the coming weeks.

bsl’s cold agglomeration technology can be used to produce pellets from a wide variety of iron ores for use in blast furnaces, electric arc furnaces and direct reduced iron plants, as well as converting fine byproducts into valuable materials that can be added back to steelmaking furnaces.

the successful results of this trial will enable investment in bsl’s planned commercial cap production facilities. bsl is currently reviewing locations in the uk, europe and canada for its first production plant in cooperation with a range of commercial and government partners.

the caps were produced at bsl’s pilot plant which operated at full capacity and passed a number of significant operational milestones during the production process. the pellets were exhaustively tested at bsl’s onsite laboratory. bsl’s technology centre in middlesbrough is the world’s leading iron ore agglomeration research and product development centre.

jon campbell, health, safety and environment director for british steel said:

“we are delighted to have worked with bsl to enable this first large scale trial of bsl’s innovative, low emission cold agglomerated pellets. the successful trial clearly demonstrates british steel’s commitment to exploring new ways of reducing the carbon footprint of our ironmaking operations.

“we are excited by the results and look forward to working with bsl to review options for using their technology as and when we are able.”

jon stewart, ceo of binding solutions said:

“after a decade of development, the successful trial with british steel is a huge milestone in bsl’s development. this collaboration validates the potential of our cold agglomerated pellets and reinforces our confidence in

Good news coming out of BSL just a short while ago.

Partnered with British Steel no less...

This could have significant positive implications for process cost reductions at ZIOC

It would be nice wouldn't it. I'll take it, but it appears there is nothing exceptional in the volume of trading. On the other hand, I won't quite believe it if the share price never manages to top the recent highs.

Well done to the long term holders. I bailed ages ago but keep watching for news like this.

Don't forget to tune into the news announcement later of the first outbreak of the new variant covid in Gabon.