Ironveld joined AIM in 2012 with Prospecting Rights over a vast 165km² area in the Bushveld, South Africa, with plans to mine magnetite iron ore as feedstock for its own pig iron plant. Since then, there has been a large JORC-resource delineated (2013), a cracking DFS (2014), mining licences secured, environmental approval gained, plus confirmation of power supply from Eskom - major milestones on the road to putting this project into production. All great news but in recent years Ironveld has been treading water. Post a recent £1.15m funding, the board now has 12- months to finally do a financing deal. Last year Ironveld was being helped by IIG in this respect but is now free of their clutches. This stock is in play.
07 Jan 2021
Financing deal to unlock tremendous value at a world-class high purity iron, vanadium and titanium project in the Bushveld
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Financing deal to unlock tremendous value at a world-class high purity iron, vanadium and titanium project in the Bushveld
Ironveld Plc (IRON:LON) | 0.1 0 0.0% | Mkt Cap: 3.84m
- Published:
07 Jan 2021 -
Author:
Dr. Michael Green -
Pages:
28
Ironveld joined AIM in 2012 with Prospecting Rights over a vast 165km² area in the Bushveld, South Africa, with plans to mine magnetite iron ore as feedstock for its own pig iron plant. Since then, there has been a large JORC-resource delineated (2013), a cracking DFS (2014), mining licences secured, environmental approval gained, plus confirmation of power supply from Eskom - major milestones on the road to putting this project into production. All great news but in recent years Ironveld has been treading water. Post a recent £1.15m funding, the board now has 12- months to finally do a financing deal. Last year Ironveld was being helped by IIG in this respect but is now free of their clutches. This stock is in play.