Agbaja cast steel project

ASX-listed Nigerian steel hopeful Kogi iron has undertaken a share placement to raise US$2.35 million progress the bankable feasibility study for its 100% owned Agbaja cast steel project in Nigeria.

ASX-listed Kogi Iron has embarked on the second and final phase of the environmental impact study (EIS) as part of the definitive feasibility study (DFS) for the Agbaja cast steel project in Nigeria.

Kogi Iron has progressed the metallurgical testwork of its iron ore deposits in Kogi State, Nigeria during the quarter ended 30 June 2018.

In early March 2018 ASX-listed Kogi Iron entered a detailed due diligence with an investment fund to act as a ‘corner stone’ investor to potentially finance the completion of studies required to progress the Agbaja cast steel project in Nigeria.