Zanaga Iron Ore Company Limited further to the Company's announcement on 2 January 2024 relating to the loan facility agreement between Glencore and ZIOC, under which a loan was provided directly to Jumelles Ltd. by Glencore to provide funding for ongoing working capital required to progress initiatives at the Zanaga Project (the Loan Facility), Glencore and ZIOC have agreed to extend the repayment date of the Loan Facility to 31 July 2024. ZIOC has repaid USD 700,000 of the Loan Facility during first quarter 2024, leaving an outstanding balance, including accrued interest, of USD 726,384.
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