Ferro-Alloy Resources pushing ahead with Balasausqandiq development plans

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  • Mick Davis and Vision Blue pump a further US$7mln into Ferro Alloy Resources
  • 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 can unlock potential faster with Vision Blue backing, says broker
  • Full interview: Ferro-Alloy Resources spell out Vision Blue investment extension plan
Ferro-Alloy Resources Group - Ferro-Alloy Resources pushes ahead with Balasausqandiq development plans

Quick facts: Ferro-Alloy Resources Ltd

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Ferro-Alloy Resources (FAR) is a Guernsey registered company, formed in 2000, which is the 100% owner of Firma Balausa LLP, the holder of the rights to develop and exploit the giant Balasausqandiq vanadium deposit in Southern Kazakhstan (Kyzylordinskaya Oblast).

FAR is listed on the Kazakhstan Stock Exchange and plans to list on the London Stock Exchange in 2018. FAR has over 150 shareholders who include well-known institutions, management and individuals or family structures from the UK, Kazakhstan and several other countries.

The Company is currently producing vanadium in the form of ammonium metavanadate (“AMV”), treating purchased concentrates and other vanadium-containing materials. The current output capacity is dependent on the type of feed. Using low-grade concentrates the plant is capable of producing around 150 tonnes of vanadium pentoxide (equivalent) per year and much higher levels from other raw-materials. Having proven the operating effectiveness, the Company now plans to install equipment to convert AMV to vanadium pentoxide and increase output in stages to up to 2,000 tonnes of vanadium pentoxide per year.

In parallel with the existing processing operations, FAR is developing the Balasausqandiq mine and plans to build an additional processing plant which will be entirely separate from and operate independently of the existing processing plant. FAR plans to build and expand the capacity of the ore-treatment plant in stages to reach a production level of 22,400 tonnes of vanadium pentoxide per year with facilities to convert to ferro-vanadium, the most commonly used form of vanadium. The ore at Balasausqandiq is unlike that of nearly all other primary vanadium deposits and is capable of being treated by a much lower cost process. FAR plans to become the world’s lowest cost primary producer and has the scale of deposit which will allow it to become one of the world’s largest producers.

28 Jun 2021

Vision Blue, the investment vehicle run by mining mogul Mick Davis, has pumped a further US$7mln into Ferro Alloy Resources Ltd () via a subscription and the issue of loan notes.

The Investment will bring the total invested to date by Vision Blue and its co-investors into Ferro Alloy to US$10.1mln.

The Investment comes on an accelerated timetable which will enable the expansion of the feasibility study for the Ferro Alloy vanadium development in Kazakhstan, as well as improvements on site to the existing operations.

“The Ferro Alloy and Vision Blue teams have worked closely together over recent weeks to enhance the Feasibility Study for the Balasausqandiq vanadium deposit and we are looking forward to reporting on progress in the coming months,” said Davis, who was appointed Ferro Alloy’s new chairman earlier this month.

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01 Jun 2021

() shares were boosted as it banked investment from Vision Blue Resources, named its next chairman and provided an update on its Balausa vanadium concentrate project in Kazakhstan.

Vision Blue has made a US$1.6mln investment in the company, taking its total investment US$3.1mln.

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24 Mar 2021

Vanadium producer Ferro Alloy Resources Ltd () said chief executive Nick Bridgen sold 16.67mln shares in the company, via a placing priced at 30p per share, raising gross proceeds of about GBP5mln.

Bridgen sold 15mln shares for his own account and 1.67mln on behalf of the company’s operations director Andrey Kuznetsov.

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23 Mar 2021

How successful a mining company could Ferro Alloy Resources Ltd () turn out to be?

There are several ways to answer that question. The first is that it’s already pretty well set up.

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28 Jun 2021

Ferro-Alloy Resources () will be able to unlock the potential of the high-grade Balasausqandiq vanadium project in Kazakhstan much faster with the aid of Mick Davis’s Vision Blue Resources (VBR), suggests house broker Shore Capital.

Ferro-Alloy is planning to expand the scope of the current feasibility study to include evaluation of the Phase 2 expansion to 4Mtpa of treated ore producing 22.4kt of V2O5 and to establish the potential value of the associated by-products to be extracted.

As such, additional drilling will now be required for upgrading the Balasausqandiq resource to account for the Phase 2 expansion to JORC standards.

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07 Jun 2021

() Chairman Sir Mick Davis talks to Proactive London about the significance of working with Vision Blue Resources.

In total Vision Blue has made a US$1.6mln investment in the company, taking its total investment US$3.1mln.

Vision Blue was founded in December 2020 by Sir Mick Davis to create a portfolio of strategic and high returning investments in clean energy related metal and mineral resource companies essential to the clean energy transition.

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Full interview: Ferro-Alloy Resources spell out Vision Blue investment…

Ferro-Alloy Resources Ltd (LON:FAR) Chairman Sir Mick Davis talks to Proactive London about the significance of working with Vision Blue Resources.

In total Vision Blue has made a US$1.6mln investment in the company, taking its total investment US$3.1mln.

Vision Blue was founded in…

3 weeks, 1 day ago

3 min read

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