Frequently Asked Questions

  • The commodities being mined are in the sweet spot of critical minerals and are experiencing increasing current and forecast demand. The industrial compounds produced include Ilmenite (44%-50% TiO2), Magnetite, Ferro-Titanium70, Pig Iron, Titanium Slag (87%-92%), Vanadium Pentoxide, and Ferro-Vanadium.

  • Yes, all relevant permits and rights necessary for the mining process have been granted. These include Mining Right, Water Use right (which can triple production), Land Use Right, Social & Labor Plan, BEEE-E compliance, and smelting permits.

  • The projected revenues are set to begin in August 2023. Mining has already commenced, with 12,000 Mt of ROM stockpiled for initial ore processing and smelting starting in April 2023.

  • Yes, there is a 43-101 Competent Persons Report (CPR) and an Operational Readiness Report from July 2023. These reports outline the project's readiness for production and confirm that all necessary permits are in place.

  • Yes, the use of proceeds will accelerate revenue generation for the Tivani/Ferrox project. Production is scheduled to begin in late August/September 2023. Tivani/Ferrox will be immediately profitable.

  • There are no outstanding permits or significant delays that would prevent or halt the mining process. The project will move into production and revenue generation regardless of the capital raise, but raising funds now will allow for increased smelting capacity and faster progress.

  • Ferrox plans to list on a major market exchange through an IPO (or RTO if beneficial). Potential Listing locations may include London, Riyad, Dubai, New York, Toronto and or Johannesburg

  • The mining rights were initially granted for 30 years, and upon nearing expiration, a renewal will be automatically granted for an additional 30 years if Tivani is still in production.

  • The majority of shareholders are long-time investors in previous Ferrox Management deals, including Eastern Platinum and Tharisa. Traditional project finance was not chosen due to the availability of investor support and the historical investment in the project.

  • The project mitigates risks related to power issues by utilizing Thermite as a chemical smelting process instead of relying on electricity. The company is also conscious of supply chain issues and has secured a fuel source. Additionally, electricity can be generated by diesel generators and renewable sources like solar and wind.

  • Ferrox is in negotiations with multiple Offtakers/Buyers for all of the Products produced. Geographically Ferrox has domestic South African Commodity buyers along with large commercial East Asian, European, and North American corporations.

  • The Limpopo province's rail infrastructure is good, and the company is nearing definitive agreements with Transnet for rail transport to Maputo and Richards Bay. Currently, financial models assume trucking, but utilizing rail would lead to significant cost savings.