Our Project
Our Project

Ironveld is currently working with on review of the strategic alternatives for its mining assets, which include unfettered rights to:

  • 80 million tonnes of magnetite ore which equates to 1.6 billion pounds of Vanadium.
  • 32 million tons of High Purity Iron
  • 9 million tonnes of Titanium
  • Strategic Alternatives

    Ironveld has been in discussions with a number of funding providers for the development of the project. Negotiations continue with potential development partners and this may lead to offers of financing that would facilitate the commencement of smelting operations. The company has also entered into confidentiality agreements with several parties interested in potentially making an offer to purchase all or part of the company’s assets.

    Ferrochrome Furnaces Pty Limited (“FCF”)

    Smelter Aquisition

    Ironveld announced on 24 May 2022 that it had agreed terms to acquire 100% of the share capital of Ferrochrome Furnaces Pty Limited (“FCF”).
    FCF owns a mothballed smelter complex in Rustenburg, South Africa which is approximately 400 kilometres from Ironveld's Bushveld mining project.
    The complex consists of four 2.5 MW tilting EAF furnaces and four convertors with ladles, cranes and associated buildings and equipment.
    Ironveld, in conjunction with technical experts, has carried out a comprehensive due diligence on FCF over the past eight months. This has included a detailed costing for the refurbishment of the facility and quotations for the necessary equipment and upgrades.

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    FCF Smelter Facility

    Ferrochrome Furnaces
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    KFCF Smelter Facility

    Ferrochrome Furnaces
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    FCF Smelter Facility

    Ferrochrome Furnaces