Ferro-Alloy Resources Limited reports a robust increase in production for Q1 of 2024 despite severe weather challenges in Kazakhstan, including flooding and transport delays.
The company has implemented several improvements at their plant to boost recovery and reduce emissions, with more upgrades like two new drying ovens set to come online shortly.
While early Q2 production faced flood-related setbacks, ongoing improvements and stable feedstock supplies promise to support uninterrupted production and mitigate market price risks.
Ferro-Alloy Resources Ltd (LON:FAR) is developing 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.