Publication of Research

RNS Number : 5997F

Ironveld PLC

16 July 2019

 

IRONVELD PLC

("Ironveld" or the "Company")

Publication of Research

Ironveld plc announces that it's financial adviser, finnCap Ltd, has today published a research report on Ironveld focussing on the Company's exposure to one of the world's highest grade undeveloped vanadium resources. The report can be viewed at finnCap's research portal at https://researchlibrary.finncap.com/User/Login.

According to the report, Ironveld's project in the Bushveld Complex in Limpopo Province, South Africa has the potential to become a vertically integrated vanadium mining and processing business serving the increasing demand for vanadium in steel alloys and vanadium redox batteries.

As announced on 2 July 2019, the Company continues to conduct a strategic review of alternatives for its mining assets. Parties with an interest in making a proposal to purchase all or part of the Company's mining rights should contact finnCap through the contact details set out at the end of this announcement.

Giles Clarke, Chairman of Ironveld, said:

"The magnitude of the vanadium and titanium bearing magnetites within our ore body would support the construction of a vanadium mine and processing plant for an end-product that is in ever increasing demand. We are confident that on this basis the project will be of keen interest to a number of potential partners and parties."

For further information, please contact:

Ironveld plc Giles Clarke, Chairman Peter Cox, Chief Executive		c/o Camarco [phone]
finnCap (Financial Adviser) Christopher Raggett / Hannah Boros		[phone]
Camarco Gordon Poole / Kimberley Taylor / Thayson Pinedo		[phone]

finnCap Ltd, is acting for the Company in relation to the matters described in this announcement and is not advising any other person, and accordingly will not be responsible to anyone other than the Company for providing the protections afforded to clients of the Company or for providing advice in relation to the matters described in this announcement.

This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities whether pursuant to this announcement or otherwise.

The distribution of this announcement in jurisdictions outside the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisdiction.

 

END

 

 

NRAQELFFKDFFBBV