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Ferro-Alloy Resources expecting a busy 2022 (LON:FAR)
Amilia StoneDecember 7, 20219:18 am
Ferro-Alloy Resources plc (LON:FAR) Chief Executive Nick Bridgen caught up with ************* for an exclusive interview to discuss the Bankable Feasibility Study at the Balasausqandiq vanadium deposit, how this deposit differs from others, what to expect from ore bodies 2-5, the significance of carbon and what investors can expect in terms of updates going into 2022.
Ferro-Alloy Resources is a low-cost vanadium producer, based in Kazakhstan. This week, the company announced an update on the progress of the expanded feasibility study for the large Balasausqandiq vanadium deposit in Southern Kazakhstan and with me to discuss the update is CEO, Nick Bridgen.
Q1: As mentioned, you’ve announced an update to the Bankable Feasibility Study at the large Balasausqandiq vanadium deposit. What’s been the progress on the ground over the recent months, particularly with the post Vision Blue investment into the company?
A1: Well, picking on the three biggies, the exploration has started, obviously there’s a huge amount of preparation work, designing the programme and designing and agreeing companies and assaying and all the rest of it. The actual drilling has now started, that started six days ago, and it’s relatively fast to do, there’s two parts of it. Core drilling where you take out a cylinder of rock from inside the drill cores, and RC drilling which is where you collect the chippings and assay those. We’ve got two contractors, the core drilling has started, the RC drilling will start in February, but it’s very fast so we should get the results of those soon after that.
The other one is a metallurgical work, the difficultly at the outset was the metallurgy but we built a test plant and proved the process and so there’s no surprises there. The first results have come in and are consistent exactly with what we found with our test plant so that’s good. We’ve already started the next stage of metallurgical testing that is what they call ‘locked cycle’ tests where you simulate repeated cycles, just to see whether anything comes out of that, that we don’t already know.
The third one, I suppose, it’s the carbon. Carbon is really a co-product rather than the byproduct and we’ve got several byproduct metals, but carbon is the most important and that’s very similar to carbon black and we’ve commissioned some scientists at a university in Almaty and a test laboratory in Minsk to prove that up as most likely a filler for making rubber for making tyres. That’s a very high value form of carbon and it can also be used for smelting to make ferrosilicon, and we were in parallel testing that.
So, the three big parts of the study are well underway, first results have been coming in all good and we just wanted to r
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