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Kogi Iron Ltd

Kogi Iron increases awareness of Agbaja Cast Steel Project, presents at Cape Town events

The company has progressed metallurgical studies to prove the viability of producing suitable metallised product using Nigerian domestic coal

Steel plant
The company aims to develop Agbaja into the first integrated steel plant of its kind in Nigeria

Kogi Iron Ltd (ASX:KFE) has been increasing awareness of its Agbaja Cast Steel Project in Nigeria and its overall corporate strategy while presenting at two recent Cape Town mining events.

Kogi Iron representatives presented to Nigerian government officials at the 25th annual Mining Indaba during a Nigeria Beyond Oil-De Risking Mining Investments workshop, and also met with potential investors at the One2One Cape Town mining conference.

Enhancing investor understanding

Kogi Iron chairman Don Carroll said: “We are delighted to have been able to present at these two high profile events and continue to enhance our investor understanding and awareness as we drive the Agbaja Cast Steel Project to production.”

 

 

READ: Kogi Iron receives commitments to raise $0.56 million in share placement

The company recently entered into a letter of intent to progress discussions with the Inner Galaxy Group regarding a strategic partnership for the development of the project and has received firm placement commitments from investors to raise $560,000 before costs.

Funds raised in the share placement will be used to progress work on ongoing studies required for the Agbaja Cast Steel Project definitive feasibility study and to provide working capital.

- Jessica Cummins 

Quick facts: Kogi Iron Ltd

Price: $0.05

Market: ASX
Market Cap: $33.13 m
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Kogi Iron confident of Nigerian steel potential

Kogi Iron (ASX: KFE) managing director Martin Wood tells Proactive the company has proved it can process iron ore into steel, and is confident in its community agreements with Nigerian authorities and communities. Wood also says Nigeria's nascent middle class will drive a strong demand...

on 28/10/18

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