Q4 and Full Year 2020 Operational Update
Bushveld Minerals Limited (AIM: BMN), the AIM quoted, integrated primary vanadium producer and energy storage solutions provider, with ownership of high-grade assets in South Africa, ("Bushveld"), is pleased to provide an operational update for the fourth quarter and 12 months ending 31 December 2020 ("Q4 2020" and "12M 2020").
Bushveld Vanadium
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12M 2020 Group production of 3,631 mtV was 24 per cent higher than 12M 2019 (12M 2019: 2,931 mtV), primarily as a result of the inclusion of Vanchem's production for the full 12-month period, partially offset by impact of the nationwide lockdown in South Africa during H1 2020.
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Production was marginally lower than 2020 guidance of between 3,660 mtV and 3,940 mtV (less than one per cent).