Zanaga Iron Ore - Notification of Transactions of PDMR

Zanaga Iron Ore

05/09/2025 17:00

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
Identification code
Ordinary Shares of no par value
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
2) GBP 0.0715
1) 1,300,000
2) 1,167,443
d)
Aggregated information
· Aggregated volume
· Price
2,467,443
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
Corporate Development and Investor Relations Manager
Andrew Trahar
+44 20 3916 5021
Panmure Liberum Limited
Nominated Adviser, Financial Adviser and Corporate Broker
Scott Mathieson / John More
+44 20 3100 2000
Shard Capital Partners LLP
Corporate Broker
Damon Heath
+44 20 7186 9952
BlytheRay
Public Relations
Tim Blythe / Megan Ray / Will Jones
+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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