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Tando Resources Ltd.

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Summary

Project:

SPD

Deposit:SPD
Location:South Africa
Commodities:Vanadium
Date:5/2/2019
Report Code:JORC
Report Type:Scoping Study
Project Stage:Pursuing Resource Increase/Upgrade
Report details:2-5-2019: Tando Resources Ltd. announces a Scoping Study report for its SPD deposit at the SPD project. Scoping Study results incl. pre-tax NPV of US $68M, IRR of 48%, 25yr LOM at the project. Tando Resources (ASX: TNO, Tando or the Company) is pleased to
Resources:(Resource, Total): 612Mt @ 0.78% V2O5
CP/QP:[Overall Report]: Nico Denner (GEMEC Pty Ltd.)
ABSTRACT:Tando Resources (ASX: TNO, Tando or the Company) is pleased to present the outcomes of a scoping study based on recently updated Mineral Resources at its SPD Vanadium Project in South Africa. Managing Director Bill Oliver said the Company was highly encouraged by the results of the study which showed SPD could quickly generate strong cashflow for a small capital cost. “The Scoping Study confirms the potential for Phase 1 to be an early, low-cost starter operation generating strong margins of US$17 million per annum (on average) with a short payback period of less than 2 years due to the high grade nature of the mineralisation and the low CAPEX requirement of $18 million,” Mr Oliver said. The Scoping Study has demonstrated the potential for strong financial metrics for Phase 1 at the SPD Vanadium Project (Table 1). Phase 1 is based on a proposed 2.2Mtpa standalone mining and beneficiation operation to generate a +2% V2O5 concentrate for sale at mine gate

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