Ironveld plc, the owner of a High Purity Iron (“HPI”), Vanadium and Titanium project located on the Northern Limb of the Bushveld Complex in Limpopo Province, South Africa (the “Project”) announces its final results for the 12 months ended 30 June 2022 (“the Period”). Hard copies of these results will be posted to shareholders by 31 December 2022.
Operational and Financial Highlights
· Acquisition and refurbishment of Rustenburg smelter, funded by a £4.5 million Placing post Period end, will enable Ironveld to mine and process ore for the first time;
· Mining activities commenced December 2022; and
· First furnace close to production at Rustenburg smelter.
Outlook
· 2023 expected to see production and sales increase rapidly as the smelter moves to full capacity production.
For further information, please contact:
Ironveld plc
Giles Clarke, Chairman
Martin Eales, Chief Executive Officer
c/o BlytheRay
+44 20 7138 3204
