Zanaga Iron Ore Co. Ltd. · LSE:ZIOC
Zanaga Iron Ore — Investor Presentation (November 2023)
23 slides from Zanaga Iron Ore's investor presentation, November 2023
Slide 1: Investor Presentation – November 2023
Investor Presentation – November 2023 Zanaga Iron Ore
Slide 2: Investment Highlights
Investment Highlights 1 Feasibility Study complete, Permits in place 2 High Quality Product 3 Low Operating Costs 4 Attractive Project Economics, 100% ownership 5 Stable Jurisdiction with a Supportive Government 6 Experienced management team 2
Slide 3: Experienced Board and Management
Experienced Board and Management Board of Directors Key Management Clifford Elphick Andrew Trahar Non-Executive Chairman Corporate Development and IR Manager • >36 years experience in the mining sector • >16 years mining transaction experience • Founder and CEO of Gem Diamonds Ltd • Co-Founder Visio
Slide 4: Introduction
Introduction Ownership Structure Overview of the Zanaga Iron Ore Project • Located in the South West of the Republic of Congo • Extensively studied with >US$300m spent on technical Other studies and drilling to date shareholders 47.3% 52.7% ✓ Bankable Feasibility Study Complete • Large scale orebody
Slide 5: Recent re-positioning of the Zanaga Project provides opportunity
Recent re-positioning of the Zanaga Project provides opportunity 100% ownership secured, updating project costs with its Chinese contractor partner, re-engaging strategic investors, and progressing port and power solutions Acquired Glencore’s 50%+1 share in the New approaches received from Strat
Slide 6: Chinese FS update vs previous updates – why this is important…
Chinese FS update vs previous updates – why this is important… The Chinese EPC contractor process is significantly more important than any previous re-costing exercises Item Chinese EPC process UK consultant review Capability ✓ Builder of mines and slurry pipelines Study consultant Study definition
Slide 7: Images of iron ore processing plants built by ZIOC's Chinese EPC partner
Images of iron ore processing plants built by ZIOC’s Chinese EPC partner, located in China Chinese EPC partner possesses a strong track record in project delivery in iron ore process plants and pipelines 7
Slide 8: The Zanaga Project is a globally significant iron ore resource
The Zanaga Project is a globally significant iron ore resource One of the only large, long-life, iron ore assets not controlled by existing major iron ore producers Orebody supports >30 year mine life, even at 60Mtpa production scale Large Scale Reserves & Resources …positioning Zanaga as a Globally
Slide 9: Location and overview of logistics route options
Location and overview of logistics route options 30Mtpa project would require new infrastructure to be built, with Early Production Project investigating export solutions utilising existing infrastructure Map key Existing Port Cities/Town Railway Road 30Mtpa Project (per 2014 FS) Existing railway 67
Slide 10: Operations Overview
Operations Overview Good quality infrastructure on site and presence in the capital city, with high ESG standards maintained and positive relations with all stakeholders Operations in Congo Brazzaville office Zanaga Camp Site (3 hectares, with capacity of up to 80 rooms) Operational airstrip
Slide 11: The RoC is an Attractive Investment Destination
The RoC is an Attractive Investment Destination Zanaga benefits from a supportive Government, actively encouraging mining-related investment, experiencing significant engagement from China – the largest consumer of iron ore globally RoC an Attractive Investment Destination Strong Relationship with C
Slide 12: 30Mtpa Staged Development Project
30Mtpa Staged Development Project
Slide 13: High-grade pellet feed product, key to low carbon steel
High-grade pellet feed product, key to low carbon steel The Stage One pellet feed product will have an iron grade of 66%, similar to Brazilian supply High Grade Product with High Fe Content and Low Impurities Iron Ore Indices High quality, low impurity pellet feed product Specifications High iro
Slide 14: 2014 Feasibility Study confirmed attractive project economics
2014 Feasibility Study confirmed attractive project economics A comparison against other West African iron ore assets shows Zanaga as an asset for the next 50 years + Capital and Operating Cost Estimates(1) Phased Capex Profile Capex US$m Stage 1 Stage 2 Stage 1 Stage 2 FEED 22 11 (Optional expansio
Slide 15: Operating costs are competitive on a global basis…
Operating costs are competitive on a global basis… The Zanaga Iron Ore Project would be cost competitive against leading iron ore majors Attractive Resource Profile & Low Strip Ratio… .. making Zanaga Competitive on a Global Scale Strip Ratio (Waste:Ore) 2014 Q2 China Delivered CFR Cash Cost (Adjust
Slide 16: …aided by cost-efficient infrastructure solutions
…aided by cost-efficient infrastructure solutions Zanaga’s competitive cost position is aided by attractive infrastructure solutions Distance to Port vs other Major Iron Ore Assets Pipeline Distance (km) 700 670 Zanaga is the only West African miner with pipeline infrastructure plans, giving it a
Slide 17: Floating Port – Concept developed to provide additional optionality
Floating Port – Concept developed to provide additional optionality Offshore Floating Port solution defined – a significant catalyst in derisking the development and enhancing economics Sustainable and Reliable Floating Solution Example Floating Port Combination of existing and proven technologi
Slide 18: Early Production Project
Papas Early Production Project
Slide 19: Early Production Project ("EPP") – under investigation
Early Production Project (“EPP”) – under investigation Focussed on Congo logistics solution Port Site Mine Site Existing port site Mining Opportunity available to develop small scale export solution Contract Mining focus – limiting upfront capex, and sub-contracting within existing port of Pointe-
Slide 20: EPP test work demonstrated options for smaller scale development
EPP test work demonstrated options for smaller scale development EPP project study work demonstrated potential to produce a high quality product, either in Direct Shipping Ore (“DSO”) form, or an upgraded pellet feed concentrate Assembling ore sample for testing Gravity separation testing Milling of
Slide 21: Investment Opportunity
Papas Investment Opportunity
Slide 22: Clear near-term milestones and objectives
Clear near-term milestones and objectives Pathway identified to advance the Zanaga Project through key milestones, with the objective of catalysing meaningful steps towards a planned financing decision ZIOC now capable of rapid decision- Milestone Targets Target Completion making on project initia
Slide 23: Conclusion
Conclusion ✓Robust project fundamentals, supported by extensive study work • Large orebody defined to support long life development • High quality product specifications ✓Permits awarded by Republic of Congo Government ✓100% project ownership now secured ✓ESG credentials enhanced due to global objec
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