REG - Ferro-Alloy Resrcs. - Result of 2025 AGM

Ferro-Alloy ResourcesAnnouncement

14/11/2025 17:00

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RNS Number : 6691H  Ferro-Alloy Resources Limited  14 November 2025

14 November 2025

Ferro-Alloy Resources Limited

("Ferro-Alloy" or "the Company")

 

Result of 2025 AGM

 

Ferro-Alloy Resources Limited (LSE:FAR), the vanadium producer and developer
of the large Balasausqandiq vanadium deposit in Southern Kazakhstan, is
pleased to announce that at the Annual General Meeting ("AGM") held on the 14
November 2025, all resolutions were duly passed.

 

 No.  Ordinary Resolutions                                                             For          Against     Withheld
 1    To receive and adopt the Company's Annual Report for the year ended 31           280,233,422  -           909,427
      December 2024
 2    To re-elect Sir Michael Davis as a director                                      280,208,973  22,549      911,327
 3    To re-elect Nicholas Bridgen as a director                                       263,839,166  16,307,864  995,819
 4    To re-elect Andrey Kuznetsov as a director                                       279,829,563  317,467     995,819
 5    To re-elect Christopher Thomas as a director                                     263,844,058  16,302,972  995,819
 6    To re-elect James Turian as a director                                           273,601,198  6,545,832   995,819
 7    To re-elect Petrus Nienaber as a director                                        276,440,134  3,696,032   1,006,683
 8    To re-elect William Callewaert as a director                                     279,829,563  317,467     995,819
 9    To re-appoint Crowe U.K. LLP as the Company's auditors                           280,219,862  13,560      909,427
 10   To authorise the directors to determine the auditors' remuneration               280,219,862  22,060      900,927
 11   That the directors are generally and unconditionally authorised pursuant to      269,115,865  11,016,565  1,010,419
      Article 20 of the articles of incorporation of the Company to exercise all the

      powers of the Company to allot Relevant Securities and to grant rights to
      subscribe for or to convert any security into such Relevant Securities on the

      terms as more particularly detailed within resolution 11 as set out in the
      notice convening the AGM

 No.  Special Resolution                                                               For          Against     Withheld
 12   That the directors are empowered pursuant to Article 21.8 of the Articles to     268,879,973  11,252,457  1,010,419
      allot Equity Securities on a non pre-emptive basis, on the terms as more

      particularly detailed within resolution 12 as set out in the notice convening
      the AGM

 

 

ENDS

For further information, visit www.ferro-alloy.com or contact:

 

 Ferro-Alloy Resources Limited  Nick Bridgen (CEO) / William Callewaert (CFO)  info@ferro-alloy.com

 Shore Capital                  Toby Gibbs / Lucy Bowden                       +44 207 408 4090

 (Joint Corporate Broker)

 Panmure Liberum Limited        Scott Mathieson / John More                    +44 20 3100 2000

 (Joint Corporate Broker)

 BlytheRay (Financial PR)       Tim Blythe / Megan Ray / Will Jones            +44 20 7138 3204

                                                                               Ferro-Alloy@blytheray.com

 

Notes to Editors

About Ferro-Alloy Resources Limited:

The Company's operations are all located at the Balasausqandiq deposit in
Kyzylordinskoye Oblast in the South of Kazakhstan.

Balasausqandiq is a very large deposit, with vanadium as the principal product
together with the CBS and several by-products. Owing to the nature of the ore,
the capital and operating costs are very much lower than for other vanadium
projects.

The most recent mineral resource estimate for ore-body one (of seven) provided
an Indicated Mineral Resource of 32.9 million tonnes at a mean grade of 0.62%
V(2)O(5) equating to 203,634 contained tonnes of V(2)O(5). In the system of
reserve estimation used in Kazakhstan the resources are estimated to be over
70 million tonnes in ore-bodies 1 to 5, but this does not include the full
depth of ore-bodies 2 to 5, or the remaining ore-bodies which remain
substantially unexplored.

The grade of carbon in the deposit is over 8%. The carbon flows through to the
tailings from where it is concentrated, in a simple low-cost operation, into a
40% carbon product, the CBS, that can be used in place of carbon black as a
reinforcing filler in the making of rubber. A further CBS product has been
identified based on the high-carbon but low-vanadium material within open-pit
the waste material.

The Project will be developed in at least two phases, Phase 1 and Phase 2,
with Phase 1 treating 1.65 million tonnes per year.

There is an existing concentrate processing operation at the site of the
Balasausqandiq deposit. The production facilities were originally created from
a 15,000 tonnes per year pilot plant, which was then expanded and adapted to
recover vanadium, molybdenum and nickel from purchased concentrates.
Alongside this operation, there is a well-equipped laboratory and highly
skilled technical team, who have already developed the technology that is
being built into the Feasibility Study and is further developing and
optimising processes needed for future vanadium and carbon operations. The
plant will operate only when profitable concentrates are available and, when
not operating as a production facility, will operate on an expanded basis as
an R&D centre.

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