Kogi Iron Limited

Website: www.kogiiron.com
Primary ticker: ASX: KFE
Stage of development: Development
Primary minerals: Iron ore
Project to promote: Infrastructure in Nigeria / import replacement

Live financials

Kogi (through its 100% owned Nigerian partner -KCM) is developing Nigeria’s first integrated cast steel project to utilise our 100% owned iron ore deposit (Agbaja) and local sources of coal and limestone. All currently required licences and permits are in place. The DFS is well advanced and we are in advanced discussions with a number of potential project debt providers.

Management Profile

Martin Wood – Managing Director and CEO

Martin Wood is the Managing Director and CEO of Kogi and will be on site with Paul Marsden (Technical Consutlant to Kogi) for all meetings. Mr Wood has a strong background in project finance, particularly in West Africa and Mr Marsden has over 30 years of experience in developing steel projects globally.

What is your rationale for attending 121 Mining Investment?

As Kogi is in the development stage we are Capital hungry and keen to present our story to resource and infrastructure specialist potential investors with an interest in African assets with long term profitability potential.

What recent news would you like to highlight to investors attending?

Kogi has recently released independent test results confirming the viability of making a high grade, international quality, cast steel product from Agbaja ore and recently released an independent market study confirming the storing demand in Nigeria for our product.

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Completion of independent review of capital and operational cost estimates

6 Months:

Upgrade of local road infrastructure and additional drilling to Agbaja iron ore deposit to increase and upgrade resource

12 Months:

Completion of full DFS for integrated cast steel project including iron ore mine and sourcing of local coal and limestone and other key materials

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Enhance management bandwidth to fully optimise the project

In a sentence, what do you think makes your company such a compelling investment?

Set to be a monopoly provider of a product vital for the infrastructure needs of Africa’s largest economy.