# Ferro-Alloy Resources appoints Liberum Capital as joint corporate broker

- Link: https://www.directorstalkinterviews.com/ferro-alloy-resources-appoints-liberum-capital-as-joint-corporate-broker/4121053953
- Published: 2022-02-21T07:09:15+00:00
- Author: Giles

**[Ferro-Alloy Resources Limited](https://www.directorstalkinterviews.com/company/ferro-alloy-resources/far.l)**(
[LON:FAR](https://www.directorstalkinterviews.com/company/ferro-alloy-resources/far.l)),
the vanadium producer and developer of the large Balasausqandiq vanadium deposit
in Southern Kazakhstan, has announced the appointment of Liberum Capital Limited
as a joint corporate broker alongside Shore Capital Stockbrokers Limited effective
immediately.

Ferro-Alloy Resources operations are all located at the Balasausqandiq deposit in
Kyzylordinskoye 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 several by-products. Owing to the nature of the ore, the capital and operating
costs of development are very much lower than for other vanadium projects. 

A reserve on the JORC 2012 basis has been estimated only for the first ore-body (
of five) which amounts to 23 million tonnes, not including the small amounts of 
near-surface oxidised material which is in the Inferred resource category. In the
system of reserve estimation used in Kazakhstan the reserves are estimated to be
over 70m tonnes in ore-bodies 1 to 5 but this does not include the full depth of
ore-bodies 2 to 5. 

There is an existing concentrate processing operation at the site of the Balasausqandiq
deposit. The production facilities were originally created from a 15,000 tonnes 
per year pilot plant which was then adapted to treat concentrates and expanded. 
Further expansion is being undertaken which is expected to result in annualised 
production capacity of around 1,500 tonnes of contained vanadium pentoxide plus 
significant by-product molybdenum. 

The strategy of the Company is to develop both the Project and the Existing Operation
in parallel. Although they are located on the same site and use some of the same
infrastructure, they are separate operations.

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