Beryllium mining in Ukraine is profitable: it will pay off in five years – BGV project assessment
Photo: BGV Group

The preliminary feasibility study for the BGV Beryllium project confirmed a payback period of up to five years, which is significantly better than the industry average of 8-15 years. About said team BGV Group Management during the international forum United by Mining.

During the forum, the company's representatives shared the results of the PFS (pre-feasibility study, which allows to assess the feasibility of the project), along with the NI 43-101 reserve estimate conducted by SGS Canada for BGV Beryllium.

The analysis showed high economic performance of the project and confirmed the payback period of up to five years.

The studies currently cover beryllium and zinc reserves as the main minerals, and associated elements are considered as promising resources for further analysis.

"The Ukrainian project is of strategic importance in the global context, as the number of operating beryllium deposits in the world is limited, and the resources of the key US producer have been developed for more than 70 years. This opens up an opportunity for Ukraine to become a supplier of beryllium to the EU, American and Asian markets, which will ensure diversification beyond China," said Yulia Lushpienko, BGV's Head of Legal Affairs.

She added that beryllium alloys are critical for the aviation and defense industries, as well as in nuclear power and electronics.