For thousands of other reports visit RSC's Mineral Intellingence Map
Vanadium Resources Ltd.
Summary
| Project: | Steelpoortdrift | |
|---|---|---|
| Deposit: | Steelpoortdrift | |
| Location: | South Africa | |
| Commodities: | Vanadium-Titanium | |
| Date: | 4/28/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-4-2020: Vanadium Resources Ltd. announces a Resource Estimation report for its Steelpoortdrift deposit at the Steelpoortdrift project. Updated Mineral Resource Estimate for Project. The management of Vanadium Resources Limited (ASX:VR8) (VR8 or the Com | |
| Resources: | (Resources, Total): 662Mt @ 0.77% V2O5 | |
| CP/QP: | [Resources]: Kerry Griffin (Mining Plus Pty Ltd.) | |
| ABSTRACT: | The management of Vanadium Resources Limited (ASX:VR8) (VR8 or the Company) is pleased to announce an update to the Mineral Resource for the Steelpoortdrift (SPD) Vanadium Project in South Africa. The Mineral Resource continues to compare highly favourably to other vanadium deposits globally, as the largest global undeveloped Mineral Resource, as well as the largest high grade resource (defined as in situ resource grade > 1% V2O5, Figure 1). The new Mineral Resource includes the upgrade of a significant proportion to Measured and Indicated categories as a result of the Company’s 2019 infill drilling (refer ASX announcement 19 November 2019) and the resultant improved geological model for the Steelpoortdrift Vanadium Deposit (Figure 2). The resource continues to include a substantial high grade, near surface component which has been newly estimated at 188 million tonnes at an in situ grade of 1.23% V2O5, a 175% increase from the April 2019 estimate (Measured, Indicated and Inferred categories, detailed in Appendix 1). | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report