We are making good progress on many fronts including infield development drilling; production growth, preparing and contracting for high-reward appraisal drilling; & potentially concluding a transaction that will begin to appraise, confirm & monetise Moroccan gas discoveries in 2026. At the same time, we must not neglect evaluating new prospectivity eg additional oil reservoirs encountered whilst drilling in Bonasse & emerging Cretaceous prospectivity.
We prioritise projects that can generate the highest near-term return for shareholders whilst maintaining flexibility to respond to new drilling results, simultaneously with managing the everyday corporate administrative function
--Company Update-- @PredatorOilGas Independent Technical Report, Transaction Progress & Ops Update
#PRD continues low-risk drilling focus, production optimization & targeted workovers to support incremental/sustainable production growth & guide operations
https://t.co/u097MT6lKc
#FAR's Balasausqandiq Project is one of the most significant #vanadium deposits in the world, expected to supply up to 10% of global demand. Unlike other deposits, it is amenable to both direct acid leaching and roasting, providing options to reduce capital and operating costs.
#Far due to funding costs cut by 40% irr has risen by 9%
· Corresponding enhanced Project internal rate of return ("IRR") of 31% (unlevered, post-tax) and net present value ("NPV") of US$931.6m
In November, #FAR agreed terms with China National Chemical Engineering Sixth Construction Co (CC6), one of the largest engineering and construction companies in the global vanadium industry, for the front-end engineering and design of Balasausqandiq Phase 1.
Find out more ⤵️
#FAR@AlloyFerro
c.$150mln/pa additional revenue not in the DFS from this non-binding MOU (so others could well follow!) from material already costed to be extracted.
Funding confirmation next? 😉
China is clearly leaning into Kazakhstan’s mining sector.
#EST just secured a Chinese EPC JV to build its copper project and #FAR already has CC6 plus a major bank-backed facility lining up the heavy lifting without needing shareholder dilution.
Different projects, same signal: Chinese capital wants Kazakh resources, and it’s willing to fund development directly. #FAR
#FAR remains firmly in play. Another small raise, a brief dip, and now the fundamentals are doing the talking again — capex slashed, financing lining up, world-class partner secured and a project with economics most miners can only dream of. The market can shake the tree, but it can’t change the value. Ferro-Alloy Resources is built to go one way from here… #FAR will go FAR
#far Next stop? 15.4p gets slapped early doors tomorrow — then we’re heading for the 19.3p fib and beyond.
DFS landing? Carbon black off-take signed? Vision Blue taking up their shares….
Pick one — they’re all coming 😀
SP Direction next week, North!!
#FAR move through the weekly 200ma resistance and close above. Now set up for next week to test 15.40p resistance. Then onto the .382fib resistance. Rsi ,Macd and Aroon direction are all positive. Looking good. DYOR
#FAR 8% ore is carbon for use as a substitute for carbon black in the production of rubber
Testing confirmed suitability of #FAR's CBS for this purpose
Studies indicate potential revenue of US$110m pa for project Phase 1 ... currently £44m MCAP 👀👀
DFS due Sept 2025 ✅
#FAR 8% ore is carbon for use as a substitute for carbon black in the production of rubber
Testing confirmed suitability of #FAR's CBS for this purpose
Studies indicate potential revenue of US$110m pa for project Phase 1 ... currently £44m MCAP 👀👀
DFS due Sept 2025 ✅
I’m not going out out like Micky Flanagan, we’re now going to work work with Starmer….. Not sure if I qualify though as i own my business, invest in the stock market and have secondary properties I rent out 🤷♂️
This Budget will help to get Britain working.
It will pave the way for reforms that tackle the root causes of economic inactivity, so those who can work, will work.
@Redpanda73@timkempster Exactly @Redpanda73, the BS and conjecture is all just that. A no flow from mou3 would have to be RNS’d. Let’s see what comes from the companies official RNS update later in Q4. Until then, ignore the noise and enjoy life