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Tando Resources Ltd.
Summary
| Project: | SPD | |
|---|---|---|
| Deposit: | SPD | |
| Location: | South Africa | |
| Commodities: | Vanadium | |
| Date: | 2/14/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-2-2019: Tando Resources Ltd. announces an Exploration/Drilling Update report for its SPD deposit at the SPD project. Drilling results incl. 14.9m @ 0.99% V2O5 from 1.5m. Tando Resources (ASX: TNO, Tando or the Company) is pleased to announce continued | |
| Resources: | (Resource, Inf.): 588Mt @ 0.78% V2O5 | |
| CP/QP: | [Overall Report]: Bill Oliver (Internal) | |
| ABSTRACT: | Tando Resources (ASX: TNO, Tando or the Company) is pleased to announce continued outstanding drilling results from its SPD Vanadium Project in South Africa. The intersections reported are from drilling completed to infill and extend the high grade zone of 87Mt at 1.07% V2O5 which lies within the global Mineral Resource at SPD (588 million tonnes at a whole rock grade of 0.78% V2O5, see Appendix 2 and ASX release dated 18 December 2018). The SPD Project is one of the highest grade Mineral Resources reported across the globe (using whole-rock or unprocessed grades) and positions the Company with a unique opportunity to initiate a low-cost, earlycashflow operation. This high-grade zone is the focus of the current engineering and metallurgical studies with a view to selectively mining it and producing a concentrate for sale. The latest assays include further high grade near surface results which confirm the potential for development of the SPD Vanadium Project via open pit mining | |
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