Ferro-Alloy Resources vanadium pentoxide production up 7% from Q1

Ferro-Alloy Resources Ltd (LON:FAR), the vanadium producer and developer of the large Balasausqandiq vanadium deposit in Southern Kazakhstan, has announced the production results of the Group’s existing operation for Q2 2024.

Q2 Production Results

	2023				2024
	Q12023	Q22023	H12023	FY 2023	Q12024	Q22024	Q1 / Q2 % change	H12024	H1 % change

Tonnes of concentrate processed	194.1	1,016.6	1,210.7	2,228.0	668.6	777.5	+16.3%	1,446.1	+19.4%

Tonnes of vanadium pentoxide produced*	31.3	141.4	172.7	310.5	81.6	87.6	+7.4%	169.2	-2.0%

Tonnes of molybdenum produced**	6.5	14.1	20.6	34.4	7.1	6.9	-2.8%	14.0	-32.0%

Tonnes of nickel produced***	9.7	50.8	60.5	111.4	33.4	38.8	+16.2%	72.2	+19.3%

* partly contained in ammonium metavanadate

** in ferro-molybdenum

*** in nickel concentrate

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Ferro-Alloy Resources Ltd

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