# Ferro-Alloy Resources: Vanadium Giant Unveils Feasibility Win and Massive Phase Two Upside (Video)

- Link: https://www.directorstalkinterviews.com/ferro-alloy-resources-vanadium-giant-unveils-feasibility-win-and-massive-phase-two-upside-video/4121220768
- Published: 2025-10-14T08:46:31+01:00
- Author: Jacob Brown

**Ferro-Alloy Resources** ([LON:FAR](https://www.directorstalkinterviews.com/company/ferro-alloy-resources/far.l))
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.

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