The latest announcement is out from Ironveld ( (GB:IRON) ).
Ironveld PLC has made significant progress in constructing its DMS grade magnetite plant, achieving key milestones including site preparation, equipment delivery, and contract finalizations. The plant is set to begin commissioning in February 2025, with an initial production target of 5,000 tonnes per month, eventually increasing to 15,000 tonnes. The company has secured initial offtake agreements and is pursuing additional contracts, leveraging its competitive logistical position. Technical work on the Water Atomised Powder pilot plant is progressing, with completion expected in March 2025. Despite a delay in publishing its FY24 accounts, Ironveld is working to resume trading on AIM, with the CEO expressing optimism about future cash flow and growth opportunities.
More about Ironveld
Ironveld PLC operates in the mining industry, focusing on high purity iron (HPI), vanadium, and titanium projects. The company is active in the Northern Limb of the Bushveld Complex in Limpopo Province, South Africa, and is involved in mining, mineral processing, and smelting operations.
YTD Price Performance: -5.00%
Average Trading Volume: 22,305,313
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £5.29M
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