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Zanaga Iron Ore Co Ltd has upgraded the economics of its iron ore project in the Republic of Congo following four value enhancement initiatives. These initiatives could add $11.33 billion in life-of-mine revenue, a 16% increase compared to the 2024 feasibility study.

Estimated capital expenditure savings are projected at $352 million, with total cash cost reductions of $2.24 billion over the project's lifespan. Test results confirm iron ore grades of 68.5% to 69.1%, meeting the requirements for direct reduced iron feed, positioning Zanaga as a potential supplier for the low-carbon steel market.

Structural improvements include a single 30 million tonne per annum pipeline and the use of thickened and dry-stack tailings, aimed at reducing long-term operating risks and environmental complexity. Further updates are expected in February 2026.