Preliminary feasibility study results
The BGV Group Management announced that the BGV Beryllium project has shown strong economic potential with a payback period of up to five years. This figure is well below the global industry average of 8–15 years, confirming the competitiveness of Ukraine’s future beryllium mining operations.
The findings were presented during the international forum “United by Mining”. The results are based on the Preliminary Feasibility Study (PFS) and the NI 43-101 reserve assessment conducted by SGS Canada.
Economic and strategic significance
The PFS covered beryllium and zinc reserves as the main focus, while additional related elements were identified as promising for further exploration.
According to Yulia Lushpienko, Head of Legal Affairs at BGV, the project has a strategic global importance:
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Worldwide, the number of operating beryllium deposits is extremely limited.
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The main U.S. producer’s deposits have already been exploited for over 70 years.
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Ukraine could become a new supplier for the EU, U.S., and Asian markets, helping diversify supply away from China.
Critical applications of beryllium
Beryllium and its alloys are in high demand in multiple strategic sectors:
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Aerospace and defense industries,
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Nuclear energy,
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Electronics and telecommunications.
This makes the Ukrainian deposit not only economically profitable but also strategically valuable for global security and technology chains.
Next steps for BGV
In addition to the beryllium project, BGV announced in July that with the support of the EBRD, it will build a graphite plant in the Kirovohrad region — another step towards strengthening Ukraine’s role in the global critical raw materials market.
