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ASX:KFE

Kogi Iron Limited

Materials / Steel

Current price

$0.021

0.002 (10.53%)

Last trade: Invalid date GMT

Market cap

$17.76m

Market closed

Investor Presentations

Principal Activity

A iron and steel focused development company seeking to advance the Agbaja Cast Steel Project in Nigeria. The project consists of both mine and integrated process plant. 1. Agbaja Iron Mine: Contains a wholly owned 405Mt @ 45.1% iron JORC resource and four granted mining lease. The resource is flat lying and with limited overburden of +/- 5m. 2. Agbaja Integrated Cast Steel Plant: Aims to be Nigeria’s first steel billet producer. Kogi plans to utilise iron from its 100% owned mine in addition to local coal and limestone suppliers as inputs. Independent study by Tenova/Mintek confirms suitability of Agbaja iron ore to produce quality cast steel. 3. Bankable Feasibility Study: The company is currently arranging opportunities to support the Agbaja project BFS. Once commenced, the study is expected to take 12 months with completion being a prerequisite for advancing institutional project debt financing discussions.


Address

23/4 Ventnor Ave, West Perth WA 6005, Australia

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Copyright © 2020 Fresh Equities. All rights reserved. ACN 619 657 028. CAR: 001267539 of AFSL: 471379.