Energio (ASX: EIO) has multiple wholly owned large scale exploration projects in Nigeria. The company is focused on the exploration and development of its priority project, the Agbaja Plateau iron ore project.
The granted licence areas for exploration are situated in Kogi State which is part of the central region of Nigeria. Kogi State is home to the largest iron and steel factory in Nigeria. Close proximity of the licences to existing rail, road and power infrastructure provides potential advantages in reduced capital expenditure and allows fast track project development.