Ironveld ramp-up slower than expected

Although high-purity iron, vanadium and titanium producer Ironveld marked the first sales of metal products, including high-purity iron and titanium slag, from its Rustenburg smelter to local buyers during the six months ended December 31, 2023, operational challenges and modifications delayed the expected ramp-up for the remainder of the year. Located on the Northern Limb of the Bushveld Complex in Limpopo, Ironveld's project continued with various activities during the period. Directors provided working capital support of up to £500 000 to ensure flexibility in funding. The company also carried on with the refurbishment of the Rustenburg smelter and initiated mining activities.