Business
Operational Update & Delay to Accounts Publication
Ironveld PLC announced a delay in the publication of its audited FY25 accounts, leading to a temporary suspension of trading on AIM from January 2, 2026, pending their release in January 2026. Operationally, the company secured its first client pre-paid trial order for DMS-grade magnetite and is in advanced discussions for a significant offtake agreement with a major mining house, potentially worth ZAR 180 million annually. Furthermore, Ironveld is progressing towards a trial order of approximately 25,000 tonnes for its Run-of-Mine product and is finalizing a strategic marketing partnership with a German trading house to expand its commercial reach and potentially double the DMS plant's capacity. Disclaimer*
About this update from Ironveld Plc
[{"type":"text","content":"\n\n23 December 2025\n \n \n \nIronveld PLC\n \nOperational Update,\nDelay to the publication of FY25 Accounts\nand Temporary suspension\n \nIronveld PLC (\"Ironveld\" or the \"Company\"), the mining development company focused on producing high-value strategic metals, is pleased to provide an operational update on Ironveld's joint-venture DMS-grade magnetite processing facility in Limpopo, South Africa (the \"Plant\"). The Company also confirms that there has been a delay to the preparation of its audited accounts for the year ended 30 June 2025 (\"FY25 Accounts\") and the FY25 Accounts will therefore not be published by 31 December 2025, the deadline under AIM Rule 19. Consequently, the Company's shares will be temporarily suspended from trading on AIM as of 7.30 a.m. on 2 January 2026, pending publication of the FY25 Accounts.\n \nOperational Update\n \nSecured Commercial Milestone: Initial Pre-Paid Trial Order\nThe Company has secured its first, client pre-paid, trial order for Dense Media Separation (\"DMS\") grade magnetite for its joint venture. This initial commercial transaction, which involves pre-payment prior to collection, is a critical step in the product qualification process. Successful completion is intended to lead to a larger 12-month offtake contract with this client.\n \nAdvanced Offtake Discussions: Major Market Opportunity Progress\nIronveld is pleased to report that discussions with a blue-chip mining house for DMS grade magnetite have progressed substantially. The prospective partner has expressed a clear intention to procure a 1,000-tonne trial order in the first quarter of 2026 (\"Q1\"). This trial is anticipated to serve as a precursor to a significant annual offtake agreement, with a potential scale in the region of ZAR 180 million per annum. While not yet finalised, these advanced talks demonstrate the strong market demand and validation for the DMS grade magnetite material.\n \nExpanding Sales Pipeline & Product Diversification\nThe Company, working closely with Daemaneng Minerals (Pty) Ltd (\"Daemaneng\"), is engaged in discussions with a number of additional counterparties in relation to potential contracts for its DMS-grade magnetite and Run-of-Mine (\"ROM\") unprocessed ore. The ROM product represents a prospective new revenue str...