Kogi Iron
‍Share Purchase Plan

The Directors of Kogi Iron are pleased to offer you the opportunity to participate in our Share Purchase Plan (SPP).

This Capital Raising of up to $3.3m will help drive next steps as the company embarks on a new development phase in Western Australia and completes its feasibility study on its major project in Nigeria.

Each Eligible Shareholder is being given the opportunity to support Kogi’s development and apply for up to $30,000 at $0.008 per new fully paid ordinary share. Participants in the SPP will receive 1 attaching listed option for every 2 placement shares expiring 31 December 2024.

Why is Kogi Iron doing an SPP?

To fund the next stage of development

The company has chosen to undertake a SPP in conjunction with a placement in order to ensure our existing shareholders have ample opportunity to support the company through the next phase of development of both our Western Australian and Nigerian assets.

Kogi's near term objective is to further develop the recently acquired Macro Metals iron ore projects and tenements, with the Company ready to proceed with exploration and drilling to define mineral resources for near term production opportunities. Simultaneously, Kogi is progressing a market feasibility study to further advance the flagship Agbaja Project

What is an SPP?

A way for existing shareholders to support the journey

An SPP allows companies to issue up to $30,000 of new shares to eligible shareholders without the need for a prospectus.

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Why take part in this SPP?

Help Kogi Iron explore the West Pilbara Region and develop Nigerian assets

Near term potential in WA with significant, recognised upside in Nigeria.

Exploration company targeting a growth pipeline of discovery across large tenement holdings in provinces with established prospectivity

Flagship Agbaja Project and Macro Metals assets located across tier 1 mining jurisdictions

Work programs are underway to assess prospectivity and define targets for evaluation, with a clear vision to production

Agbaja Project will provide the fastest growing economy in Africa with the ability to replace its reliance on imported steel product

Our team is here to help

If you have additional questions about the offer, please submit your questions below and one of our Directors will be in touch with you shortly

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