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
| |
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| a) |
Name |
Clifford Elphick |
|
| 2 |
Reason for the notification |
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| a) |
Position/status |
Chairman and PDMR |
|
| b) |
Initial notification/Amendment |
Initial notification |
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| 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 |
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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 |
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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