Stock Information | Current Price:  0.041 £ GBP  Last Price: 0.0398 £ GBP  Market Cap  18.66M £ GBP
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Bushveld Minerals Limited

(Bushveld Minerals) is an AIM-listed company exploring and developing iron ore and tin projects on the Bushveld Complex in South Africa. The company targets projects with potential for scale and favourable cost-curve positioning in well-understood geographies.

The vision is to open a new frontier in iron ore mining and processing based on the Bushveld Complex in South Africa. The company’s flagship is the Bushveld Iron Ore Project which has a JORC-compliant titanomagnetite resource of 740 million tonnes and the potential to grow it to more than 1 billion tonnes.
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Bushveld Projects Map
Bushveld Iron Ore Project

Comprises two licenses covering 7,409 ha where a JORC compliant open-castable resource of 770 million tonnes (comprising 400 million tonnes Indicated and a further 370 million tonnes Inferred) has been established from a 4.5 km strike length...

Mokopane Tin Project

The Mokopane Tin Project consists of one licence covering 13,422 ha where numerous targets for open-castable disseminated tin resources have been identified. The Company has explored and drilled one target (Groenfontein) and has short-term plans to explore a further four targets...
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Bushveld Minerals (LON:BMN) recently closed its takeover bid for Lemur Resources (ASX:LMR) shares that it launched on 13 May 2013. Following the closing of the bid, Bushveld has acquired a relevant interest of 54.39% of Lemur's issued share capital.

Click here to download the Announcement of the Closing of the Bid

Click here to download the Replacement Bidder's Statement as lodged by Bushveld Minerals with the Australian Securities Investment Commission ("ASIC")

Click here to download the the Fourth Supplemenatry Bidder's Statement

Click here to download the Circular of the Bushveld Minerals General Meeting

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BUSHVELD VANADIUM PROJECT

Scoping Study, July 2014

Bushveld Minerals is pleased to present a summary of the Scoping Study for its Bushveld Vanadium Project.
The Scoping Study meets the Company’s criteria for the development of its projects, being: first quartile cost curve position, proven path to near-term production, low capital expenditure and scalability.

Highlights
  • Key Numbers:
    • 1 Mtpa ROM, producing 10,350 tpa of V2O5 flakes (using salt roast process)
    • Low capex of US$261.5 m
    • Pre-tax NPV of US$561.9 m and post-tax NPV of US$263.6 m (at 10% discount rate)
    • Pre-tax IRR of 35.6% and real post-tax IRR of 24.1%
    • Low operating costs (~US$5.99 / kg or US$ 2.72 / lb of V2O5 flakes)
    • ~60% operating margins
    • Long life-of-mine: 30 years, exploiting only 58% of the resource
    • Payback: 4 years and 4 months from start of mining

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