REG - Zanaga Iron Ore - Board Appointments

Zanaga Iron OreAnnouncement

09/04/2025 07:00

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RNS Number : 2138E  Zanaga Iron Ore Company Ltd  09 April 2025

9 April 2025

Zanaga Iron Ore Company Limited

("ZIOC" or the "Company")

Board Appointments

Zanaga Iron Ore Company Limited (AIM: ZIOC) is pleased to announce the
appointment of Martin Knauth to the Board of Directors in his role as Chief
Executive Officer ("CEO"), and Phil Mitchell to the Board of Directors in his
role as Non-Executive Director, with immediate effect.

Martin was appointed CEO of ZIOC in November 2023 and has extensive experience
in the industry spanning more than 30 years in a wide range of commodities and
countries, with notable success in project development, operations and
transformational growth phases. Martin's experience includes project
leadership in Australia and the Pacific, Africa, Central Asia, and Central and
South America, with companies such as Vale, Glencore, Sherritt Metals
International, KAZ Minerals, and Western Mining Corp. He has a strong record
in establishing performance cultures and maintaining positive relationships
with governments, communities, employees and other project stakeholders.

Martin holds a Bachelor's degree in Mining Engineering from the University of
Queensland, a Master's degree in Mineral Economics from Curtin University and
is a Fellow of the AusIMM.

Phil is formerly of Rio Tinto, where he played a pivotal role in transforming
its iron ore division into the company's flagship business unit, with over 300
million tonnes of iron ore produced. He later served as Rio Tinto's Head of
Business Development, overseeing strategy, mergers and acquisitions, and
strategic business change. Phil also serves as Chief Financial Officer of
I-Pulse Group, where he previously served as Chairman of I-Pulse's I-ROX
business and Société des Mines de Fer de Guinée (SMFG). Phil is also
Chairman of the Board at AIM listed Aura Energy Ltd.

The Company and Greymont Bay have proposed entering into a relationship
agreement amongst other things to formally grant the right for Greymont Bay to
make an appointment to the ZIOC Board. Phil has been appointed to the Board as
Greymont Bay's representative, following the completion of Greymont Bay's
recent investment in the Company.

Clifford Elphick, Chairman of ZIOC, commented:

"I am delighted to welcome both Martin and Phil to the Board. Their vast
experience across the mining industry will prove invaluable in supporting the
Company during this pivotal and exciting period.

"Martin's work as CEO has already delivered significant value, notably with
the private placing announcement in Q1 2025, and he continues, with the
support of Andy Trahar and the ZIOC team, to drive the four key workstreams
which have been identified as having the potential to result in high impact
value improvement outcomes for the Zanaga Project.

"I look forward to working further with Phil, as a representative of Greymont
Bay, to extend the partnership between ZIOC and its cornerstone investors."

The following disclosures are provided in respect of Martin David Knauth, aged
54, pursuant to Schedule 2(g) of the AIM Rules for Companies. Martin owns
7,751,938 ordinary shares of the Company.

 Current directorships / partnerships  Previous directorships / partnerships in last 5 years
 Knauth Mining Solutions Pty Ltd       None

 Knauth Mining Solutions Ltd

 

The following disclosures are provided in respect of Philip Wesley Mitchell,
aged 65, pursuant to Schedule 2(g) of the AIM Rules for Companies. Phil owns
2,422,481 ordinary shares of the Company.

 Current directorships / partnerships  Previous directorships / partnerships in last 5 years
 Archaean Greenstone Gold Limited      Ivanhoe Atlantic UK Limited (formerly known as Hpx Mines (UK) Limited and

                                     Euronimba UK Limited)
 Aura Energy Limited

                                     Green Park Partners Pty. Limited
 Aura Energy Mauritiana Pty Ltd

                                     ML Renaissance Pty Ltd
 I-Rox Australia Pty Ltd

                                     I-ROX Sas an I-Pulse's business
 I-Rox Australia Operations Pty Ltd

                                     Société des Mines de Fer de Guinée (SMFG)
 Rubylous Limited

                                     Euronimba Limited
 High Power Petroleum (Seapulse) UK

                                       Euronimba Liberia

 

There are no further disclosures required in accordance with AIM Rule 17 or Schedule 2(g) of the AIM Rules for Companies.

 

 

 Zanaga Iron Ore Company Limited                             Andrew Trahar

 Corporate Development and Investor Relations Manager        +44 20 3916 5021

 Panmure Liberum Limited                                     Scott Mathieson / John More / Josh Borlant

 Nominated Adviser, Financial Adviser and Corporate Broker   +44 20 3100 2000

 Shard Capital Partners LLP                                  Damon Heath

 Corporate Broker                                            +44 20 7186 9952

 BlytheRay                                                   Tim Blythe / Megan Ray / Will Jones

 Public Relations                                            +44 20 7138 3204

 

ENDS

 

About ZIOC:

Zanaga Iron Ore Company Limited (AIM ticker: ZIOC) is an iron ore exploration
and development company, with the Company's flagship asset being its 100%
owned Zanaga Iron Ore Project located in the Republic of Congo, for which
the Government Mining Licence, Environmental Permit and Mining Convention are
all in place.

The Zanaga Iron Ore Project is a world-class asset with a 6.9 billion tonne
resource and 2.1 billion tonne reserve, designed for 30Mtpa production of
high-grade (66-68.5% Fe) pellet feed with very low levels of impurities. A
2024 Feasibility Study reaffirmed its robust economics. When fully ramped,
Phase 1 and Phase 2 combined could make Zanaga one of the largest iron
ore mines globally. With all key permits in place, Zanaga is positioned to
capitalise on growing demand for high-quality, low-impurity iron ore,
leveraging low operating costs and a cost-efficient slurry pipeline to the
port.

In light of the changes in the world's economy, and the growing demand for
low-carbon steel production, the Zanaga Project is well-placed to become one
of the largest producers of high grade premium pellet feed iron ore.

 

The Zanaga Iron Ore Company Limited LEI number is 21380085XNXEX6NL6L23.

 

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