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Tando Resources Ltd.
Summary
| Project: | SPD | |
|---|---|---|
| Deposit: | SPD | |
| Location: | South Africa | |
| Commodities: | Vanadium | |
| Date: | 4/16/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-4-2019: Tando Resources Ltd. announces a Resource Estimation report for its SPD deposit at the SPD project. Upgraded mineral resource estimate at the project. Tando Resources (ASX: TNO, Tando or the Company) is pleased to announce a highly significant | |
| Resources: | (Resource, Total): 612Mt @ 0.78% V2O5 | |
| CP/QP: | [Resources]: Kerry Griffin (Mining Plus Pty Ltd.) | |
| ABSTRACT: | Tando Resources (ASX: TNO, Tando or the Company) is pleased to announce a highly significant JORC Mineral Resource update at its SPD Vanadium Project in South Africa. The new JORC Mineral Resource estimate for the high-grade component at SPD stands at 169Mt at 1.07 per cent V2O5 in the Indicated & Inferred categories (detailed in Appendix 1). This is the largest resource above 1% V2O5 in the world based on published resources (refer sources in Appendix 2). Importantly, this includes 97Mt at 1.05 per cent V2O5 within 100m of surface and also includes 68Mt at 1.05% V2O5 in the Indicated category (Figure 1, Appendix 1). The previous high-grade surface Resource was 80Mt at 1.07% V2O5, all of which was in the Inferred category. The Global JORC Mineral Resource at SPD is now 612Mt at 0.78% V2O5, compared with the previous estimate of 588Mt at 0.78% V2O5, and includes 231Mt at 0.78% V2O5 in the Indicated category | |
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