Business
Interim Results and feasibility study update
Ferro-Alloy Resources Limited announced its interim results for the six months ended 30 June 2025. The feasibility study publication is revised to mid-October 2025. The existing plant produced 151 tonnes of vanadium pentoxide and 27.8 tonnes of molybdenum. Total revenues for the period were US$2.5 million, up from US$2.1 million in the prior year. The overall loss for the period was US$3.5 million, compared to a loss of US$3.99 million in H1 2024. The company's cash balance was US$0.4 million at the period end, increasing to US$0.5 million as of 23 September 2025. During the period, the Company issued 10,422,098 ordinary shares. Disclaimer*
About this update from Ferro-alloy Resources Ltd.
[{"type":"text","content":"\n\n \n30 September 2025\nFerro-Alloy Resources Limited\n(\"Ferro-Alloy\" or \"the Company\" or \"the Group\")\n \nInterim Results for the six months ended 30 June 2025 and feasibility study update\n \n \nFerro-Alloy Resources Limited (LSE:FAR), the vanadium producer and developer of the large Balasausqandiq vanadium deposit in Southern Kazakhstan, announces its unaudited interim results for the six months ended 30 June 2025 and a revised publication date for the feasibility study.\nOverview\nThe Company's main focus during the year to date has been the completion of the feasibility study (the \"Study\") into the development of the Balasausqandiq vanadium deposit (the \"Project\"). The Study was targeted to be published by 30 September 2025 and is substantially complete but requires some final adjustments and confirmations from contributing consultants. The Company is confident that it will be published by the middle of October 2025.\nResearch and development\nAs previously announced, the main purpose of the existing process plant was changed to a research and development facility, with concentrates only being treated when profitable to do so. The research and development has been targeted at areas that will assist in the development of the Project and marketing its products.\n· Carbon black substitute (\"CBS\"): the Group commissioned a pilot plant, capable of producing 400 kg per hour of the new CBS product announced earlier in the year. Production of commercial samples of this new type of CBS, to be made from the high carbon / low vanadium waste rock scheduled to be stripped during the mining of Ore-Body 1, has commenced. This pilot plant uses a dry milling process and has operated without problems, allowing the Group to test this method of milling for use in the Project, where it will be applicable to milling the original CBS, made from concentrated tailings, as well as the new form of CBS.\n \n· Vanadium oxides: the Group has commissioned the dissociation oven required for the production of vanadium oxides suitable for the production of battery electrolyte for vanadium redox flow batteries. Process optimisation and product testing are underway. Although the making of such oxides does not form part of the base case of the Study, it is anticipated that this pa...