Ferro-Alloy Resources Limited Updated Investor Presentation
30 Março 2021 - 03:00AM
RNS Non-Regulatory
TIDMFAR
Ferro-Alloy Resources Limited
30 March 2021
RNS REACH - NON REGULATORY
29 March 2021
Ferro-Alloy Resources Limited
("Ferro-Alloy" or "the Company")
Updated Investor Presentation
Ferro-Alloy Resources Limited (LSE: FAR) the vanadium mining and
processing company with operations based in Southern Kazakhstan, is
pleased to announce publication of its updated investor
presentation on the Company's website:
http://www.ferro-alloy.com
For further information, visit www.ferro-alloy.com or
contact:
Nick Bridgen, Chief Executive Officer info@ferro-alloy.com
Shore Capital (Corporate Broker)
Corporate Advisory: Toby Gibbs / Mark Percy / John More Tel: +44 (0)207 408 4090
Corporate Broking: Jerry Keen
VSA Capital Tel: +44 (0)203 005 5000
Andrew Monk / Simon Barton
St Brides Partners Limited (Financial PR & IR Adviser)
Catherine Leftley / Megan Dennison Tel: +44 (0)207 236 1177
Further information about Ferro-Alloy Resources Limited
The Company's operations are all located at the Balasausqandiq
Deposit in Kyzylordinskaya Oblast in the South of Kazakhstan.
Currently the Company has two main business activities:
a) the high grade Balasausqandiq Vanadium Project (the "Project"); and
b) an existing vanadium concentrate processing operation (the "Existing Operation")
Balasausqandiq is a very large deposit, situated in
Kyzylordinskaya Oblast in Southern Kazakhstan. The ore contains
vanadium as the principal product, together with by-products of
carbon, molybdenum, uranium, rare earth metals, potassium and
aluminium.
The type of ore is very different from the magnetite that
comprises the ore of most other producers and the Company's
estimated cost of production is less than half that of other
primary producers. A reserve on the JORC 2012 basis has been
estimated for only the first ore-body which amounts to 23 million
tonnes, not including the small amounts of near-surface oxidised
material which is in the Inferred resource category. In the system
of Reserve estimation used in Kazakhstan the Reserves are estimated
to be over 70m tonnes in ore-bodies 1 to 5 but this does not
include the full depth of ore-bodies 2-5. Overall, the expectation
is that after exploration of the five known ore-bodies the reserves
will total over 100m tonnes.
The production facilities for the Existing Operation were
originally created from a 15,000 tonnes per year pilot plant which
was then adapted to treat low-grade concentrates and has been
expanded and further adapted to treat a wider variety of
raw-materials.
The strategy of the Company is to develop both the Existing
Operation and the Project in parallel. Although they are located on
the same site and use some of the same infrastructure, they are
separate operations.
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