Zanaga Iron Ore Company Ltd (DI) (ZIOC) Ordinary NPV

Zanaga Iron Ore Company Limited is an iron ore exploration and development company. The Company's flagship asset is its 100% owned interest in the Zanaga Iron Ore Project located in the Republic of Congo, also known as Congo-Brazzaville. The Zanaga Iron Ore Project is located in the southwest of the Republic of Congo, close to the border with Gabon, and approximately 300 kilometers (km) northeast of the port city of Pointe Noire and 250 km northwest of the capital Brazzaville. The Zanaga Iron Ore Project is focused to be a large-scale iron ore mine, processing and infrastructure operation to produce over 30 metric tons per annum (Mtpa) of high-grade iron ore (pellet feed) concentrate over a 30-year life of mine and is developed in two stages. Its two stages include Stage One - 12Mtpa of pellet feed and Stage Two - 18Mtpa expansion to 30Mtpa of pellet feed.