Ironveld Plc
("Ironveld" or the "Company")
Further Update on Grosvenor Transactions
As announced on 27 January 2022 the Company continues its close dialogue with Grosvenor in respect of the progress of Grosvenor's own funding arrangements necessary to complete the previously announced Equity Subscription Agreement and the sale of the Company's interest in Luge. Grosvenor continues to work positively towards financing these transactions and the Company will provide further updates in due course.
For further information, please contact:
| Ironveld plc Martin Eales, Chief Executive Officer
|
| c/o Blytheweigh +44 20 7138 3204
|
| finnCap (Nomad and Broker) Christopher Raggett / Charlie Beeson
|
| +44 20 7220 0500 |
| Turner Pope (Joint Broker) Andrew Thacker / James Pope
|
| +44 20 3657 0050 |
| Blytheweigh Tim Blythe / Megan Ray |
| +44 20 7138 3204 |
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 (Vanadium), 68,6% Fe2O3 (Iron Oxide) and 14,7% TiO2 (Titanium Dioxide).
The Definitive Feasibility Study published in April 2014 confirms the project's viability to deliver a Vanadium slag product, for which the company has an offtake agreement, as well a High Purity Iron product which commands a premium in the market place, and Titanium slag containing commercial grades of titanium.
Ironveld is an AIM traded company. For further information on Ironveld please refer to www.ironveld.com.
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