REG - Zanaga Iron Ore - Notification of Transactions of PDMR

Zanaga Iron OreAnnouncement

05/09/2025 17:00

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RNS Number : 2819Y  Zanaga Iron Ore Company Ltd  05 September 2025

5 September 2025

 

Zanaga Iron Ore Company Limited

("ZIOC" or the "Company")

Notification of Transactions of PDMR

 

Zanaga Iron Ore Company Limited (AIM: ZIOC) announces that it received a
notification on 3 September 2025 that Clifford Elphick, Non-Executive
Chairman, has sold a total of 2,467,443 ordinary shares of no par value in the
Company ("Ordinary Shares") at an aggregated price of 7.39 pence. These
Ordinary Shares were previously awarded to him personally as part of the
Director's remuneration program.

Following the transaction, Guava Minerals remains a shareholder of 79,907,592
shares representing approximately 9.60 per cent of the Company's issued share
capital, and Clifford Elphick continues to be a potential beneficiary of a
discretionary trust that has an interest in Guava Minerals Limited. Guava
Minerals has not sold any shares in the Company since the Company was founded.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 Details of the person discharging managerial responsibilities/person closely
 associated
 a)  Name                                                         Clifford Elphick
 2   Reason for the notification
 a)  Position/status                                              Chairman and PDMR
 b)  Initial notification/Amendment                               Initial notification
 3   Details of the issuer, UK emission allowance market participant, auction
     platform or auctioneer
 a)  Name                                                         Zanaga Iron Ore Company Limited
 b)  LEI                                                          21380085XNXEX6NL6L23
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Ordinary Shares of no par value

     Identification code

                                                                  ISIN: VGG9888M1023
 b)  Nature of the transaction                                    Sale of ordinary shares
 c)  Price(s) and volume(s)                                       Price(s)                          Volume(s)
     1)   GBP 0.0760                                                                                1)   1,300,000

     2)   GBP 0.0715                                                                                2)   1,167,443
 d)  Aggregated information

     · Aggregated volume                                          2,467,443

     · Price                                                      GBP 0.0739
 e)  Date of the transaction                                      1)   27 August 2025

                                                                  2)   1 September 2025
 f)  Place of the transaction                                     London Stock Exchange

 

For further information, please contact:

 Zanaga Iron Ore Company Limited                             Andrew Trahar

 Corporate Development and Investor Relations Manager        +44 20 3916 5021

 Panmure Liberum Limited                                     Scott Mathieson / John More

 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

                                                             Zanaga@BlytheRay.com

 

About ZIOC:

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

The Zanaga Iron Ore Project is a highly significant asset with a 6.9 billion
tonne resource and 2.1 billion tonne reserve, aimed at 30Mtpa production of
high-grade DRI pellet feed with very low impurity levels. A 2024 Feasibility
Study confirmed its strong economic viability. When fully developed, Stage One
(12Mtpa) and Stage Two (18Mtpa expansion) together could establish Zanaga as
one of the largest iron ore mines worldwide. With all key permits secured,
Zanaga is well positioned to benefit from increasing demand for high-quality,
low-impurity iron ore, utilising low operating costs and an efficient slurry
pipeline to the port.

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

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

 

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