Ferro-Alloy Resources (LON:FAR) has just dropped a feasibility study for Phase 1 of its Balasausqandiq project in southern Kazakhstan, revealing costs that rank in the lowest 10% globally, and that’s before accounting for major optimisations and new revenue streams. CEO Nick Bridgen outlines how their pilot-tested processing advantage, the emerging CBS2 carbon black substitute, and a potential quadrupling of output in Phase 2 set the company up for standout scale and profitability in a tightening vanadium market. This is more than a milestone; it’s a launchpad.
Key Moments:
00:23 – Feasibility study shows vanadium cost in lowest 10% globally
01:23 – Net cost just $0.36/lb, lowest worldwide
01:49 – Base case NPV of $749M, IRR 22%
03:11 – Process optimisations to cut reagent use and increase recovery
04:31 – Introduction of CBS2 carbon black substitute from waste stream
05:50 – Phase 2 to potentially 4x production
07:21 – CRU forecasts vanadium deficit from 2029
09:49 – CBS pricing at $500–$600/ton from waste material
Ferro-Alloy Resources Ltd is developing the Balasausqandiq vanadium deposit in Kazakhstan, aiming to become a leading low-cost producer of vanadium and carbon black substitute products for global industrial and battery storage markets.
