FERRO-ALLOY RESOURCES LIMITED (FAR) — Interim Results

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the FERRO-ALLOY RESOURCES LIMITED interim results investor presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and could be submitted at any time by the q and a tab situated right in the corner of your screen. Just simply type in your questions and press send. The company may not be in a position to answer every question received in an easy itself. Have the company review all the questions submitted today and publish responses where it's appropriate to do so. Before we begin, I'd like to submit the following poll. I'd now like to hand you over to Nick Bridgen, CEO. Good morning to you, sir. Good morning. Good morning, everybody. Yes. This presentation, let me run through it fairly quickly because a lot of you have seen it before, and and there's a more full version on our website. But anyway, let me go through. First of all, if we turn to the overview, very quick summary. We're listed on the London Stock Exchange and the Astana International Exchange, AIX. All our operations are in Kazakhstan. Our head office is in Guernsey. We have an existing operation which extracts vanadium, molybdenum, and nickel from purchased concentrates. But the main reason we exist, the main driver of our value is the Balasovskandik project, which we are completing a feasibility study on. Target production is 22,400 tonnes a year in addition to our existing operation, which would make it make us produce about 10% of world supply. So we're a very significant addition to the vanadium story. Vanadium, I'm gonna say a little bit more in a minute, is is a green metal. It's a critical metal on on almost all countries' lists, certainly US, Europe, and The UK. It's essential for the move to net zero, but i...