RE: New Presentation26 Feb 2020 08:40
Priorities for 2020 Is interesting
Bushveld Vanadium
Vametco
• Achieve target production of 3,000 mtV to 3,200 mtV
• Production cash cost guidance of US$17.20/kgV to US$17.70/kgV
Vanchem
• Achieve a production target of 960 mtV to 1,100 mtV
• Provide 2020 production cash cost in Q1 2020 Operational Update
• Progress the refurbishment programme at Vanchem
• Finalise the expected capital expenditure plans together with ramp up profile
Mokopane
• Complete the Mokopane definitive feasibility study in H2 2020
Bushveld Energy
Electrolyte
• Advance construction of the vanadium electrolyte plant
• Implement additional, larger electrolyte rental contracts
VRFB manufacturing
• Advance VIP and identify further VRFB companies for investment
• Investigate business case for South African based VRFB assembly
Deployments
• Demonstrate business case for VRFB deployments, including delivery of the Vametco mini-grid as a funded independent power producer (“IPP”)
• Participate in the 2,000 MW South Africa IRP energy storage allocation and other African projects within the World Bank’s 17.5 GWh energy storage roll-out programme, including Eskom
Secure partial self supply of electricity at all Bushveld operations in South Africa to de-risk potential deterioration of Eskom and the power system