Ferro-Alloy Resources Group mines and processes vanadium at the Balasausqandiq vanadium deposit in Kyzylordinskay oblast of southern Kazakhstan. Current operations involve the processing of purchased secondary materials with a production capacity of some 400 tonnes of vanadium pentoxide (equivalent) per year, with short term plans to increase to around 1,500 tonnes per year.
In parallel, the Group is developing the giant Balasausqandiq vanadium deposit. The ore at this deposit is unlike that of nearly all other primary vanadium deposits and is capable of being treated by a much lower cost process. We plan to become the world’s lowest cost primary producer and have the scale of deposit which will allow us to become one of the world’s largest producers.
The development of Balasausqandiq is going to transform the world of vanadium. We can meet the rapidly expanding demand from battery storage as well as for the steel industry faster, at a fraction of the capital costs per annual tonne, and at a far lower cash production cost than any existing or planned vanadium producer.
Nicholas Bridgen, CEO