Further information about Ferro-Alloy Resources Limited The Company's operations are all located at the Balasausqandiq Deposit in Kyzylordinskaya Oblast in the South of Kazakhstan. Currently the Company has two main business activities: a) the high grade Balasausqandiq Vanadium Project (the "Project"); and b) an existing vanadium concentrate processing operation (the "Existing Operation") Balasausqandiq is a very large deposit, with vanadium as the principal product, together with by-products of carbon, molybdenum, uranium, rare earth metals, potassium, and aluminium. Owing to the nature of the ore, the capital and operating costs of development are very much lower than for other projects.