Ferrum, BVI in talks over delayed Moonlight BFS

A farm-in and joint venture agreement between triple-listed metals project developer Ferrum Crescent and Business Venture Investments (BVI) has stalled, after the latter failed to complete the first phase of a bankable feasibility study (BFS) at Ferrum’s Moonlight iron-ore project, in Limpopo. In October 2015, BVI agreed to fund the BFS in return for a 43% stake in the project’s holding company Ferrum Iron Ore; however, in January 2016, Ferrum announced that the completion of the BFS had been extended to January 2017.