RE: What are the numbers??27 May 2025 07:46
Following initial sample production, the plant will ramp up to 24-hour operations, targeting an initial output of 5,000 tonnes ("t") per month. Capacity will increase to 15,000t per month after installation and commissioning of a second, larger ball mill in March/April 2025.
A firm initial offtake agreement has been secured for 500t per month, with demand from this end user estimated at around 1,000t per month.
ยท A tender bid is currently being prepared for an additional 5,000t - 7,500t per month, with strong confidence in securing this contract due to the significantly lower logistical costs versus competitors, enabled by the close proximity of Ironveld's plant to the buyer.
ยท Other strong expressions of interest are currently being reviewed from both DMS traders and end users.