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Ferro-Alloy Resources updates on carbon concentrate and feasibility study

Ferro-Alloy Resources Ltd (LON:FAR), the vanadium producer and developer of the large Balasausqandiq vanadium deposit in Southern Kazakhstan, has announced its unaudited interim results for the six months ended 30 June 2024 and provides an update on the results from the testing completed on its carbon concentrate and the Balasausqandiq feasibility study.

Overview

Carbon Concentrate

·    Results from the testing of the Company’s carbon concentrate to be produced from the tailings of the Balasausqandiq ore have confirmed the suitability of the concentrate for use in tyre rubber manufacture and other carbon black based rubber applications.

·    The testing has shown that the carbon concentrate can be successfully used as a partial substitute for conventional carbon black filler in a passenger car tyre sidewall compound formulation.

·    A marketing report quantifying the value proposition of the concentrate is being finalised.

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