New power-line to position Ferro-Alloy Resources ‘in a good place’ (Interview)

Ferro-Alloy Resources plc (LON:FAR) CEO Nick Bridgen joins DirectorsTalk in this video interview to discuss the raising of funds. Nick explains what has been raised over the past month, what the proceeds will be used for and how far this will take the company.

Ferro-Alloy Resources operations are all located at the Balasausqandiq Deposit in Kyzylordinskaya Oblast in the South of Kazakhstan. Currently the Company has two main business activities:

a)    the high grade Balasausqandiq Vanadium Project (the “Project”); and

b)    an existing vanadium concentrate processing operation (the “Existing Operation”)

Balasausqandiq is a very large deposit, with vanadium as the principal product, together with by-products of carbon, molybdenum, uranium, rare earth metals, potassium, and aluminium.  Owing to the nature of the ore, the capital and operating costs of development are very much lower than for other vanadium projects.

A reserve on the JORC 2012 basis has been estimated only for the first ore-body (of five) which amounts to 23 million tonnes, not including the small amounts of near-surface oxidised material which is in the Inferred resource category. In the system of reserve estimation used in Kazakhstan the reserves are estimated to be over 70m tonnes in ore-bodies 1 to 5 but this does not include the full depth of ore-bodies 2-5.

The existing production facilities were originally created from a 15,000 tonnes per year pilot plant which was then adapted to treat low-grade concentrates and is now in the process of being expanded and further adapted to treat a wider variety of raw materials.

The Company has already completed the first steps of a development plan for the existing operation which is expected to result in annualised production capacity increasing gradually to around 1,500 tonnes of contained vanadium pentoxide. The development plan includes upgrades to infrastructure, an extension to the existing factory and the installation of equipment to increase the throughput and to add the facilities to convert AMV into vanadium pentoxide and then to ferro-vanadium.

The strategy of the Company is to develop both the project and the Existing Operation in parallel. Although they are located on the same site and use some of the same infrastructure, they are separate operations.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Ferro-Alloy Resources Limited

More articles like this

Current and future demand of vanadium

Ferro vanadium belongs to the category of ferroalloy. Ferro vanadium is an alloy which is formed by combining iron and vanadium. Ferrovanadium contains 35% to 85% of vanadium depending on applications of the product in end-use industry. Ferro vanadium

Exploring the potential of VRFB for large-scale energy storage

Vanadium redox flow batteries (VRFBs) are emerging as a promising solution for large-scale energy storage, offering numerous advantages over traditional lithium-ion batteries. As the world continues to shift towards renewable energy sources, the need for efficient

The beautiful metal that stores energy

An unheralded metal could become a crucial part of the renewables revolution. Vanadium is used in new batteries which can store large amounts of energy almost indefinitely, perfect for remote wind or solar farms. And what’s

A US perspective on vanadium

Vanadium is an element that is little known except to those who manufacture high-performance iron alloys and other widely used metal products that are indispensable for creating improved product performance across a variety of final-use sectors.

Where does vanadium come from?

Vanadium is a transition metal that plays a vital role in a range of industrial and technological applications. From strengthening steel to powering batteries, this versatile element has become increasingly important in modern society. But where

VRFB: Long-duration energy storage

Vanadium redox flow batteries (VRFBs) provide long-duration energy storage. VRFBs are stationary batteries which are being installed around the world to store many hours of generated renewable energy. VRFBs have an elegant and chemically simple design,

What is Vanadium?

Vanadium is a metallic element with the atomic number 23 and the symbol V. On the periodic table of elements, it is found in Group 5, and in Period 4 between titanium and chromium. It is referred to as

Understanding vanadium redox flow batteries

With the increasing amount of renewable energies in an electrical grid, the need for compensation requirements increases in order to avoid shortfalls in coverage. Amongst the possible technologies available are electrochemical energy storage systems such as

Ferro-Alloy Resources delighted with MRE results for OB1

Ferro-Alloy Resources Ltd (LON:FAR), the vanadium producer and developer of the large Balasausqandiq vanadium deposit in Southern Kazakhstan, has announced the full results of the updated mineral resource estimate from SRK Consulting Ltd prepared in accordance with

Ferro-Alloy Resources report a 35.4% increase of mineral resource

Ferro-Alloy Resources Limited (LON:FAR), the vanadium producer and developer of the large Balasausqandiq vanadium deposit in Southern Kazakhstan, has announced its final results for the year ended 31 December 2022. In addition, the Company announces that on the

Vision Blue Resources raises $650m for metals fund

Vision Blue Resources (VBR) has secured more than $650m in financing as the company explores the metals required for the energy transition. The company said the funds, which exceed its $500m fundraising target, have been supported by specialist

Flow batteries for grid-scale energy storage

In the coming decades, renewable energy sources such as solar and wind will increasingly dominate the conventional power grid. Because those sources only generate electricity when it’s sunny or windy, ensuring a reliable grid — one that

Vanadium Redox Flow Battery gets closer to maritime use

ABS has issued a new technology qualification (NTQ) for a vanadium redox flow battery, moving ahead one of the first commercial applications of the little-known technology for maritime use.  Vanadium redox flow batteries store electrical energy