Zanaga Iron Ore falls on production project news

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Zanaga Iron Ore falls on production project news
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The price of shares in AIM-listed miner Zanaga Iron Ore (LON:ZIOC) has dropped by 8.07% to 12.25p (as of 9:20 GMT) as the company continued work to determine the economic feasibility of an early production project focused on pellet production.

Non-Executive Chairman Clifford Elphick commented: “It is exciting to see the positive progress being made on the possibility of the Zanaga Project’s EPP solution and we look forward to conclusion of the test work programme currently underway. The intention is to secure fixed price cost estimates for the EPP project in Q1 2019 as part of the process of determining its economic feasibility“.

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