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Tando Resources Ltd.
Summary
| Project: | SPD | |
|---|---|---|
| Deposit: | SPD | |
| Location: | South Africa | |
| Commodities: | Vanadium | |
| Date: | 1/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-1-2019: Tando Resources Ltd. announces an Exploration/Drilling Update report for its SPD deposit at the SPD project. Drilling results incl. 34.0m @ 2.32% V2O5 from 21.0m. Tando Resources (ASX: TNO, Tando or the Company) is pleased to announce further o | |
| 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 further outstanding concentrate results which support its strategy to aggressively pursue a near-term cashflow opportunity at its SPD Vanadium Project in South Africa. The latest results continue to show that vanadium concentrate grading well over 2 per cent V2O5 can be produced by simple magnetic separation to high-grade samples (>1% V2O5 unprocessed) from SPD. The concentrate analysis is high quality with low levels of silica and alumina (Appendix 1). Concentrate samples, along with specifications, have been provided to potential offtake partners for their review. The results are important because the Mineral Resource at SPD (588 million tonnes at a whole rock grade of 0.78% V2O5, see ASX release dated 18 December 2018) contains a high-grade zone of 87Mt at 1.07% V2O5. 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 as a low-cost, early-cashflow operation. | |
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