Business
Interim results for the 6 months ended 31 Dec 2021
Interim results for the 6 months ended 31 Dec 2021.
About this update from Ironveld Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6563G\n Ironveld PLC\n 31 March 2022\n \n \n \n \n \n \n \n \n \n \n 31 March 2022\n \n \n \n \n \n IRONVELD PLC\n \n \n (\"Ironveld\" or the \"Company\")\n \n \n \n \n \n Interim results for the six months ended 31 December 2021\n \n \n \n \n \n Ironveld plc, the owner of a High Purity Iron (\"HPI\"), Vanadium and Titanium project located on the Northern Limb of the Bushveld Complex in Limpopo Province, South Africa (the \"Project\") is pleased to announce its interim results for the six months ended 31 December 2021 (\"the period\"). \n \n \n \n \n \n Highlights\n \n \n \n \n \n Operational\n \n \n \n \n \n · \n Overheads incurred during the period reflected continued low level of activity whilst Company awaited Grosvenor transaction to proceed to completion.\n \n \n \n \n \n \n \n \n Corporate Transactions\n \n \n \n \n \n · \n Investment transactions with Grosvenor Resources announced in October 2021 and December 2021 for a total of approximately £8.40 million (ZAR 161 million); and\n \n \n · \n Board remains in regular dialogue with Grosvenor regarding its funding arrangements and still expects the transactions to close when finalised.\n \n \n \n \n \n \n \n \n Martin Eales, CEO, said:\n \n \n \n \n \n \"The announced transactions with Grosvenor will, when completed, represent a transformational change for Ironveld, bringing a significant and well-connected South African partner to the share register. The Board is in regular communication with Grosvenor,regarding its funding process and the institutions involved and we look forward to completion soon.\"\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 For further information, please contact:\n \n \n \n \n \n \n \n \n Ironveld plc\n \n \n Martin Eales, Chief Executive Officer\n \n \n \n \n c/o Blytheweigh\n \n \n 020 7138 3204\n \n \n \n \n \n \n \n \n \n \n \n \n finnCap (Nomad and Broker)\n \n \n Christopher Raggett/Charlie Beeson\n \n \n \n \n \n Turner Pope (Joint Broker)\n \n \n Andy Thacker/James Pope\n \n \n \n \n \n \n \n 020 7220 0500\n \n \n \n \n \n \n \n \n 020 3657 0050\n \n \n \n \n \n \n \n \n \n \n \n \n B...