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Ironveld is a speciality metals producer based in South Africa.
The Group has an operating Mining division which mines vanadiferous-titaniferous-magnetite for sale to industrial users and to its own Smelting division, which processes the Group’s magnetite ore into three valuable products:
• High Purity Iron
• Vanadium slag
• Titanium slag
Ironveld’s current strategy is to seek to maximise revenues from its metals by moving towards production of specialist high purity iron powders.
A definitive Feasibility Study published in April 2014 confirms the project's viability to deliver an exceptionally high-grade iron product (99.5% Fe) called High Purity Iron which commands a premium in the market place. The shallow mineralised resource of 56.4 million tonnes of ore grading 1.12% V205 is approximately twice the grade of other Vanadium resources that are currently being mined and processed within the Bushveld Complex. Ironveld plc is an exploration and development company incorporated in England and Wales and listed on the AIM of the London Stock Exchange.
The Bushveld is a metallogenic province covering approx. 66,000km2 in the north of South Africa. It hosts many mineral deposits, including platinum group metals, Vanadium, Chrome, Palladium and Rhodium.