Proactive Investors - Run By Investors For Investors

Kogi Iron non executive director buys more shares on-market

The company is continuing to progress the definitive feasibility study for its Agbaja Cast Steel Project in Nigeria.
shares rising chart
Kogi shares have surged from 7.8 cents last Friday to 9.5 cents today

Kogi Iron Ltd (ASX:KFE) non executive director Greg Boulton has shown confidence in the company’s Nigeria-focused steel strategy through on-market share purchases.

Boulton acquired 1000,000 shares and now holds 428,056 shares in Kogi via the Greg Boulton Family Superannuation Fund.

READ: Kogi Iron moves to the next phase of Agbaja Cast Steel Project DFS

The company is continuing to progress the definitive feasibility study (DFS) for its Agbaja Cast Steel Project in Nigeria.

Following the recent completion of the test work by Mintek and Tenova, as well as the marketing study undertaken by Fastmarkets MB, Kogi is now in a position to further progress the completion of the DFS by commencing the second and final phase of the Environmental Impact Study (EIS).

Kogi chairman Don Carroll recently said that the company has a clearly defined path as it continues toward finalisation of the DFS and ultimately the production of a cast steel product in Nigeria.

View full KFE profile View Profile

Kogi Iron Ltd Timeline

Related Articles

ASX share price gain
November 28 2018
The company spoke to its strength at its AGM this week in Sydney.
project area
October 10 2018
The company has identified extensive copper-nickel-cobalt mineralisation at the Mt Venn Project, outlined over several kilometres.
Line of lode at Broken Hill
October 31 2018
The company says the decision by its JV partner represents a big shift in value for shareholders.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use