FerroGlobe Resources Group — Implementation Roadmap & Gantt Chart
The phased implementation roadmap and Gantt chart, with key milestones from trading launch and vertical integration through to the greenfield mill.
Section 13 · Business Plan
Implementation Roadmap & Gantt Chart
The phased implementation roadmap and Gantt chart, with key milestones from trading launch and vertical integration through to the greenfield mill.
FGRG’s implementation roadmap is structured as a 28-quarter (7-year)
programme spanning the three phases described in Section 7. The Gantt
chart below sets out the complete schedule of major workstreams,
including capital-raising tranches, operational infrastructure
build-out, M&A activity, greenfield construction, and pre-IPO
preparation. Critical-path milestones, dependencies, and sequencing have
been engineered to enable each phase’s value-generation to fund a
portion of the next phase’s capital requirements.
13.1 Critical Path Analysis
The critical path is defined by the greenfield mill construction
sequence (Y4 Q2 through Y7 Q3), which determines the timing of full
commercial production and therefore Year 7 EBITDA. Dependencies on the
critical path include site finalisation, environmental and regulatory
permits (which may take 12–18 months), EPC contractor selection, and
grid-connection and rail-siding infrastructure. To mitigate
critical-path risk, parallel work-streams have been built in for
site-selection redundancy (two final candidate sites) and for staged
permitting (separating environmental, water-use, and
electricity-connection permits to allow earliest-possible long-lead
procurement).
13.2 Key Milestones Summary
| Quarter | Milestone | Phase | Status / Trigger |
|---|---|---|---|
| Y1 Q1 | Financial close — Tranche 1 (Equity + Senior Debt) | Phase 1 | Definitive docs |
| Y1 Q2 | Dubai trading desk operational | Phase 1 | Office lease |
| Y1 Q4 | First 25 supplier framework agreements signed | Phase 1 | Contract signing |
| Y2 Q4 | Trading volume 1.4 Mt run-rate; positive op cashflow | Phase 1 | KPI achievement |
| Y3 Q1 | Brownfield rolling mill acquisition complete | Phase 2 | M&A close |
| Y3 Q3 | First service centre operational (East Africa) | Phase 2 | Commissioning |
| Y4 Q1 | Second service centre operational (West Africa) | Phase 2 | Commissioning |
| Y4 Q2 | Capital Tranche 2 closed (debt + mezzanine) | Phase 2 | Financial close |
| Y4 Q2 | Greenfield mill site finalised; feasibility complete | Phase 3 | Investment decision |
| Y5 Q2 | Greenfield mill EPC contract signed; construction begins | Phase 3 | Contract |
| Y6 Q4 | Solar capacity 100 MWp commissioned | Phase 3 | Commissioning |
| Y7 Q1 | Greenfield mill mechanical completion | Phase 3 | Construction |
| Y7 Q3 | Greenfield mill commercial production begins | Phase 3 | Operations |
| Y7 Q4 | Pre-IPO restructuring complete; exit-readiness | Phase 3 | Corporate |
Confidential — this business plan is provided to prospective investors and lenders for evaluation purposes only and may not be reproduced or distributed without the written consent of FerroGlobe Resources Group (Pty) Ltd.