Ferro-Alloy Resources Ltd’s (LON:FAR) chief executive, Nick Bridgen, spoke with Proactive about the company’s operations in Kazakhstan, where it is developing one of the world’s largest vanadium projects.
Drilling for the enhanced feasibility study is almost complete, which will feed into a new resource estimate, while metallurgical testing will be released at the end of the year ahead of the full study in 2023.
A recent placing will give it the cash to accelerate the pilot project prior to getting the funding to build the new mine at Balasausqandiq.
Tweaks recently have added by-products that can double the revenue being generated from the ore, says Bridgen, while carbon black for tyres is another possible avenue, he adds.
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