REG - Ironveld PLC - First Sales Achieved

IronveldAnnouncement

28/06/2023 07:00

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RNS Number : 1084E  Ironveld PLC  28 June 2023

Ironveld Plc

("Ironveld" or the "Company")

First Sales Achieved

Ironveld, the mining and speciality metals company operating in South Africa,
announces that it has achieved first sales of metal products from its
Rustenburg smelter during June 2023, as planned.

Products sold include high purity iron and the entirety of titanium slag
produced so far this year, all to local buyers.

As outlined on 12 May 2023, the Rustenburg smelter will operate with two
furnaces in July with the third operating furnace due to be brought on stream
around the end of that month which will represent full planned operating
capacity.

 

For further information, please contact:

 Ironveld plc                              c/o BlytheRay

 Martin Eales, Chief Executive Officer     +44 20 7138 3204

 finnCap (Nomad and Broker)                +44 20 7220 0500

 Christopher Raggett / Charlie Beeson

 Turner Pope (Joint Broker)                +44 20 3657 0050

 Andrew Thacker / James Pope

 BlytheRay                                 +44 20 7138 3204

 Tim Blythe / Megan Ray

 

 

 

NOTES TO EDITORS

 

Ironveld (IRON.LN) is the owner of Mining Rights over approximately 28
kilometres of outcropping Bushveld magnetite with a SAMREC compliant ore
resource of some 56 million tons of ore grading 1,12% V2O5, 68,6% Fe2O3 and
14,7% TiO2.

In 2022 Ironveld agreed to acquire and refurbish a smelter facility in
Rustenburg, South Africa, in which it can process its magnetite ore into the
marketable products of high purity iron, titanium slag and vanadium slag. This
transaction became unconditional in March 2023.

Ironveld is an AIM traded company. For further information on Ironveld please
refer to www.ironveld.com (http://www.ironveld.com/) .

 

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