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First Vanadium Corp.
Summary
| Project: | Carlin Vandium | |
|---|---|---|
| Deposit: | Carlin Vandium | |
| Location: | United States | |
| Commodities: | Vanadium | |
| Date: | 6/25/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-6-2020: First Vanadium Corp. announces a PEA report for its Carlin Vandium deposit at the Carlin Vandium project. Initial PEA results incl. post-tax NPV (6%) of US$29M and IRR of 7.02%. The Report was prepared to support the outcomes of the 2020 PEA in | |
| Resources: | (Resources): 24.64Mt @ 0.615% V2O5 (ind.) & 7.19Mt @ 0.52% V2O5 (Inf.) | |
| CP/QP: | [Reserve] n/a (n/a) | |
| ABSTRACT: | The Report was prepared to support the outcomes of the 2020 PEA in the First Vanadium news release dated 11 May, 2020, entitled “First Vanadium Announces Positive Preliminary Economic Assessment for the Carlin Vanadium Project in Nevada”. Units used in the report are US customary units unless otherwise noted. The abbreviation “st” is used for US customary tons (short tons). Monetary units are in United States dollars (US$) unless otherwise stated. The Report uses Canadian English. Mineral Resources are reported in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definition Standards for Mineral Resources and Mineral Reserves (May 2014; the 2014 CIM Definition Standards). | |
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