logo-loader
LSE:FAR

Ferro-Alloy Resources Ltd

Receive alerts
Market:
LSE
Price
4.62 GBX
Day Change
0.43%
Market Cap:
£22.32 m
52 weeks high
13.05
52 weeks low
4.10

In brief

Ferro-Alloy Resources Ltd is a vanadium producer and developer holding the giant Balasausqandiq vanadium deposit in Kyzylordinskaya oblast of southern Kazakhstan. 

The ore at this deposit is unlike that of nearly all other primary vanadium deposits and is capable of being treated by a much lower cost process.

FAR is already in production processing purchased vanadium-containing secondary materials to produce vanadium in the form of ammonium metavanadate (AMV).

The company is working towards increasing production and converting its AMV into the more commonly traded vanadium pentoxide.

It is planned that output will be increased in stages to reach 22,400 tonnes of vanadium pentoxide per year, mostly in the form of ferro-vanadium.

Snapshot

  • Ferro-Alloy feasibility study now due near end 2024
  • With the help of mining mogul Mick Davis, Ferro Alloy Resources plans to build what could be the lowest cost vanadium project in the world
  • Ferro-Alloy Resources delay doesn't affect quality of asset, says broker
  • Ferro Alloy Resources "very pleased" with production from small plant