Ironveld plc operates a mining and processing project in Limpopo Province, South Africa, focusing on the extraction of high-purity iron, vanadium, and titanium. The company is advancing its operations towards production, with plans to establish itself as the first producer of high-purity water-atomised iron in the Southern Hemisphere. Ironveld's business model includes mining ore, producing DMS-grade magnetite, and smelting operations, primarily serving industrial customers in the metals sector. The company is structured as a joint venture, increasing its equity stake in the DMS project to 50%, and is actively pursuing funding to support its operational expansion.