Zanaga Iron Ore responds to share price movement.

Responding to Tuesday's share price movement, Zanaga Iron Ore Co (AIM:ZIOC) told investors: "The company is always exploring potential strategic options in relation to the future development of the Zanaga Project and regularly engages in early-stage discussions of this nature but is not currently in active discussions around a transaction of any nature at this time." Following the release of its feasibility study cost update in March, several potential strategic partners have shown interest in the asset. Discussions are preliminary, and there is no certainty of a transaction materialising.