Ironveld (IRON.LN) is the owner of Mining Rights over approximately 28 kilometres of outcropping Bushveld magnetite with a SAMREC compliant ore resource of some 56 million tons of ore grading 1,12% V2O5, 68,6% Fe2O3 and 14,7% TiO2. The Definitive Feasibility Study published in April 2014 confirms the project s viability to deliver a Vanadium slag product for which the company has an offtake agreement as well a High Purity Iron product which commands a premium in the market place and Titanium slag containing commercial grades of titanium. Ironveld is an AIM traded company. For further information on Ironveld please refer to www.ironveld.com.
Ironveld (IRON.LN) is the owner of Mining Rights over approximately 28 kilometres of outcropping Bushveld magnetite with a SAMREC compliant ore resource of some 56 million tons of ore grading 1,12% V2O5, 68,6% Fe2O3 and 14,7% TiO2. The Definitive Feasibility Study published in April 2014 confirms the project s viability to deliver a Vanadium slag product for which the company has an offtake agreement as well a High Purity Iron product which commands a premium in the market place and Titanium slag containing commercial grades of titanium. Ironveld is an AIM traded company. For further information on Ironveld please refer to www.ironveld.com.
29 December 2020 | 09:29am
StockMarketWire.com - Mining company Ironveld reported wider annual losses on higher costs.
For the 12 months ended 30 June 2020, pre-tax losses widened to £1.0 million from £625,000 year-on-year as administrative expenses increased to £695,000 from £629,000.
Looking ahead, the company said it had re-engaged in discussions with a number of parties - following the recent lapse of the option agreement with IIG - and expected secure alternative funding in 2021. The recently completed placing gives us a strengthened financial base from which to negotiate an alternative project funding transaction and we are focused on delivering this in 2021, the company said. Following approval of the share placing on 14 December 2020 and further rationalisation of the Company s cost base in both South Africa and the UK, the group s present financial resources and existing facilities are considered sufficient to enable it to operate until the first half of 202