Business
Existing Operation H1 Production Results
Existing Operation H1 Production Results.
About this update from Ferro-alloy Resources Ltd.
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014 (INCLUDING AS IT FORMS PART OF THE LAWS OF ENGLAND AND WALES BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"MAR\").\n \n17 July 2023\nFerro-Alloy Resources Limited\n(\"Ferro-Alloy\" or the \"Group\" or the \"Company\")\n \nExisting Operation H1 Production Results\n \nFerro-Alloy Resources Limited (LSE:FAR), the vanadium producer and developer of the large Balasausqandiq vanadium deposit in Southern Kazakhstan, is pleased to announce the production results of the Group's existing operation for the first half of 2023.\n \nHighlights\n· All factory upgrades previously announced, focussed on increasing production and recovering more value from each tonne treated, now completed and in operation\n· Following these upgrades, Q2 2023 was the best production quarter achieved by the Group to date in terms of both tonnes of concentrates treated and tonnes of metal recovered across all product lines\n· Secondary repulpation circuit for further vanadium recovery now in operation\n· Successful conversion of ammonium metavanadate to vanadium pentoxide in new drying oven, dependent on customer requirements\n· All roasting equipment used by the Group to be powered by natural liquid gas, rather than diesel, from Q3 2023 onwards increasing reliability of supply, lowering costs and reducing emissions\n· Further contracts for vanadium concentrate supplies signed by the Group to increase reliability of supply\n· Contracts for selling nickel concentrate with new customers on improved commercial terms have been signed\n \n \nH1 2023 Production Results\n \n \n\n\n\n\n\n\n2022\n\n\n2023 YTD\n\n\n\n\n\n\n\nQ1\n\n\nQ2\n\n\nQ3\n\n\nQ4\n\n\n2022\nTOTAL\n\n\nQ1\n\n\nQ2\n\n\nH1 TOTAL\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nTonnes of concentrate processed\n\n\n502.3\n\n\n644.9\n\n\n538.4\n\n\n396.2\n\n\n2,081.8\n\n\n194.1\n\n\n1,016.6\n\n\n1,210.7\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n \n\n\n\n\nTonnes of vanadium pentoxide produced*\n\n\n81.1\n\n\n91.7\n\n\n69.9\n\n\n62.8\n\n\n305.5\n\n\n31.3\n\n\n141.4\n\...