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VANADIUM RESOURCES LIMITED - Corporate Spotlight

VR8 is a junior vanadium developer who owns 74% of the world class, tier 1,... VR8 is a junior vanadium developer who owns 74% of the world class, tier 1, Steelpoortdrift Vanadium licensed mining project in Limpopo Province, South Africa. The Steelpoortdrift titaniferous magnetite deposit is located in the prolific Bushveld Geological Complex.More

Corporate Spotlight

VR8 is a junior vanadium developer who owns 74% of the world class, tier 1, Steelpoortdrift Vanadium licensed mining project in Limpopo Province, South Africa. The Steelpoortdrift titaniferous magnetite deposit is located in the prolific Bushveld Geological Complex.
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VR8 GIVES UPDATE ON STEELPOORDRIFT DEVELOPMENT

VR8 CONFIRMS SUPERIOR GRADE & RECOVERIES

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Vanadium Resources (ASX:VR8) confirms “superior” grade and recoveries from test work at Steelpoortdrift


ASX:VR8
22 June 2022 09:15 (AEST)
Source: Vanadium Resources

  • Vanadium Resources (VR8) confirms “superior” grade and recoveries in its latest test work from the Steelpoortdrift vanadium project in Limpopo, South Africa
  • The company is currently conducting a definitive feasibility study (DFS) to undertake mining operations and to construct a concentrator and salt roast plant
  • The pilot plant test work indicated elevated overall recoveries of 84.4 per cent, indicating a four per cent increase to metrics used for the pre-feasibility study (PFS)
  • Additional test work has subsequently been commissioned to investigate low-cost opportunities for processing the residue material to recover ilmenite concentrates

    Read the Full Article on The Market Herald here

VR8 DUAL LISTS ON FRANKFURT EXCHANGE

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Vanadium Resources (ASX:VR8) dual lists on the Frankfurt Stock Exchange


ASX:VR8
Stock Exchange building in Frankfurt, Germany.

  • Vanadium Resources (VR8) has dual listed on the Frankfurt Stock Exchange (DAX), under the ticker code TR3
  • The Frankfurt listing will enlarge Vanadium Resources’ investor reach and increases its exposure to European markets
  • The listing will also play a big role in the storage of renewable energy with Vanadium Redox Flow Batteries (VRFB)
  • To assist in promotional marketing aimed at generating company awareness, Vanadium Resources has engaged with well known German company Dr Reuter Investor Relations

Read the Full Article on The Market Herald here

VR8 COMPLETES SAMPLING

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Vanadium Resources (ASX:VR8) completes sampling and starts pilot test work at Steelpoortdrift


ASX:VR8
At the Steelpoortdrift Project in South Africa. Source: Vanadium Resources

  • Vanadium Resources (VR8) completes bulk sampling from trial mining and begins pilot plant test work for its Steelpoortsdrift vanadium project in South Africa
  • This work is part of the definitive feasibility study (DFS), which aims to produce a high purity vanadium product from primary run of mine mineralised material
  • The trial mining extracted 40 tonnes of mineralised material, with 15 tonnes classified as fresh high-grade material from the lower magnetite mineralised zone
  • Bulk sampling of the material was recovered and sent to a facility in South Africa for concentrator pilot plant test campaigns

    Read the Full Article on The Market Herald here

VR8 INCREASES STAKE IN PROJECT

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Vanadium Resources (ASX:VR8) increases stake in Steelpoortdrift Project


ASX:VR8
At the Steelpoortdrift Project in South Africa. Source: Vanadium Resources

  • Vanadium Resources (VR8) increased its interest to 73.95 per cent in the Tier 1 Steelpoortdrift Vanadium Project in Limpopo, South Africa
  • The company has received approval from the South African Government to receive the transfer of an interest of 23.95 per cent in the project
  • The increase in ownership comes at no cost to VR8 as the consideration shares for the purchase of the asset were issued in September 2019
  • A definitive feasibility study (DFS) is currently underway at the project

    Read the Full Article on The Market Herald here

VR8 LIVE INVESTOR WEBINAR - TUES 14 DEC

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LIVE INVESTOR WEBINAR - Tuesday 14th December 2021




CLICK HERE TO REGISTER

VR8 LOCKS IN $4.6M INVESTMENT

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Vanadium Resources (ASX:VR8) locks in $4.6m investment for Steelpoortdrift project

Materials

ASX:VR8
Source: Vanadium ResourceS

  • Vanadium Resources (VR8) spikes in early action after the company locks in a $4.6 million investment at an impressive premium to its last closing price
  • The company is set to place over 44 million shares to Johannesburg Stock Exchange (JSE)-listed Raubex Group at 10.4 cents each
  • This represents a premium of 64 per cent premium to the company’s 30-day volume-weighted average price of 6.3 cents
  • In return for the $4.6 million investment, Vanadium Resource signs a mining services deal with a Raubex subsidiary over the Steelpoortdrift Vanadium Project in South Africa

Shares in Vanadium Resources (VR8) have spiked in early action after the company locked in a $4.6 million investment at an impressive premium to its last closing price.


The company told investors this morning it is set to place some 44.2 million shares to Johannesburg Stock Exchange (JSE)-listed mining services company Raubex Group at 10.4 cents each.


This price represents a premium of 55 per cent to VR8’s 15-day volume-weighted average share price of 6.7 cents and a 64 per cent premium to the company’s 30-day volume-weighted average price of 6.3 cents.


Vanadium shares last traded at 7 cents each before today’s investment was announced.


In return for the $4.6 million investment, Vanadium Resource has signed a mining services deal with a Raubex subsidiary, SPH Kundalila, over the VR8 Steelpoortdrift Vanadium Project in South Africa.


Under the deal, SPH will provide drilling, blasting, haulage, equipment supply, and other services to the Steelpoortdrift project.


Importantly, Vanadium Resources said following the investment, it is now fully funded through to a definitive feasibility study (DFS) for Steelpoortdrift and up to final investment decision.


Vanadium Resources Chair Jurie Wessels said the company was “very pleased” to have received an investment from a company of Raubex’s calibre.


“Combined with the attractive financial metrics from the project pre-feasibility study, the untouched large high-grade resource at Steelpoortdrift has attracted significant attention from industry participants,” Mr Wessels said.


“This created strong support for the company to close its first strategic investment with a business that understands mining in South Africa and provided VR8 with both the capital it requires to complete the feasibility study and the confidence to embark on a process to prepare itself for the eventuality of a final investment decision.”


Raubex Group Commercial Executive Robert Shedlock spoke highly of VR8, saying the Steelpoortdrift project was a “world-class” asset.


“We are always on the lookout for opportunities where we can add value and receive a significant return from our investment,” Mr Shedlock said.


“We have the balance sheet and capacity to be a valued part of the team to possibly build Steelpoortdrift into a notable resource enterprise.”


He said the company was happy to pay the premium investment price in return for the mining services contract.


Along with the Steelpoortdrift project, Vanadium also owns the Quartz Bore Project in Western Australia’s Pilbara region.


Read the Full Article on The Market Herald here

VANADIUM BATTERIES REPORT

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Could vanadium batteries be the missing link to Australia’s renewable future?

Could vanadium batteries be the missing link to Australia’s renewable future?
Some of Vanadium Resources’ South African operations. Source: Vanadium Resources

  • Many renewable energy hubs across the globe are working to further develop large scale energy facilities to store energy generated by the wind, solar or hydropower
  • Giant vanadium redox flow batteries could be a missing link for converting plans for wind and solar power into tangible operations
  • Vanadium's non-flammable nature is a major safety consideration, particularly in large scale storage
  • A report titled State of Play Australia's Battery Industries anticipates vanadium demand will grow "4-fold" by 2023
  • ASX-listed Vanadium Resources (VR8) believes it has one of the largest untapped vanadium deposits in the world : the Steelpoortdrift Vanadium project in South Africa


Read the Full Article on The Market Herald here

VR8 COMPLETES MAIDEN ORE RESERVE

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Vanadium Resources (ASX:VR8) completes maiden ore reserve for Steelpoortdrift project

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ASX:VR8
Vanadium Resources (ASX:VR8) completes maiden ore reserve for Steelpoortdrift project
Source: Vanadium Resources

  • Vanadium Resources (VR8) has completed a maiden ore reserve for its 50 per cent owned Steelpoortdrift Project in South Africa
  • The vanadium project has a total ore reserve of 73.85 million tonnes at 0.75 per cent vanadium pentoxide for 560,000 tonnes
  • Of this, 31.17 million tonnes are in the proven category, with the remaining balance sitting in the probable category
  • The ore reserve is based on the recently completed pre-feasibility study and the company will now proceed to completing a definitive feasibility study

Vanadium Resources (VR8) has completed a maiden ore reserve for its 50 per cent owned Steelpoortdrift Project in South Africa.


The Steelpoortdrift Project has a total ore reserve of 73.85 million tonnes at an average grade of 0.75 per cent vanadium pentoxide for 560,000 tonnes. Of this, 31.17 million tonnes are in the proven category.


The high-grade portion of the ore reserve totals 40.25 million tonnes at an average grade of 0.96 per cent vanadium pentoxide.


CEO Eugene Nel said a mineral ore reserve may the most important asset for any mining company.


"The ore reserve elevates the project status to that of an economically extractable deposit which carries significant value for the company," Mr Nel said.


"Another pleasing aspect is that the total production over the 25-year life of mine (LOM) has been included in the ore reserve, which means the definitive feasibility study (DFS) can be based on the present proven and probable ore reserves without the need to upscale any resources into a reserve."


Vanadium Resources commissioned Sound Mining to complete the ore reserve statement which is based on the the recently completed pre-feasibility study (PFS).


The PFS outlined a LOM earnings before taxes, interest, amortisation and depreciation of US$5.8 billion (A$7.9 billion).


Capital expenditure (CAPEX) pre-production is expected to total US$200 million (A$272.4 million) while the project's expansion CAPEX is set at US$147 million (A$200.2 million).


Once construction is completed and production is underway, Vanadium Resources aims to become a key supplier of vanadium products to global markets.


The company will begin the DFS study in the second half of the year to improve the maiden ore reserve.


Read the Full Article on The Market Herald here

VR8 ANNOUNCES STEELPOORDRIFT PFS

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Vanadium Resources (ASX:VR8) announces Steelpoortdrift PFS

Materials

ASX:VR8
Vanadium Resources (ASX:VR8) appoints global expert to lead scoping study

  • Vanadium Resources' (VR8) share price has rallied after it announced its Pre-Feasibility Study (PFS) for its Steelpoortdrift Vanadium Project
  • The PFS estimates a Life of Mine (LOM) earnings before taxes, interest, amortization and depreciation (EBITDA) of US$5.8 billion (A$7.69 billion)
  • The capital expenditure (CAPEX) pre-production should total US$200 million (A$265.1m) while expansion CAPEX is set at US$147m (A$194.86m)
  • VR8 says this PFS confirms Steelpoortdrift’s potential to be a world class, large scale, low cost vanadium producer

Vanadium Resources' (VR8) share price has rallied after it announced the results from its Pre-Feasibility Study for its Steelpoortdrift Vanadium Project.


The company has a 50 per cent stake in the project in South Africa, which has a JORC compliant resource of 662 million tonnes at 0.77 per cent vanadium pentoxide.


Financially, the PFS has estimated a Life of Mine (LOM) earnings before taxes, interest, amortization and depreciation (EBITDA) of US$5.8 billion (A$7.69 billion).


The project's internal rate of return (IRR) has also been set at 45 per cent, post tax, with payback expected to be achieved within 25 months.


Steelpoortdrift's capital expenditure (CAPEX) pre-production is expected to total US$200 million (A$265.1 million) while the project's expansion CAPEX is set at US$147 million (A$194.86 million).


VR8 Chairman Jurie Wessels said the PFS confirmed Steelpoortdrift’s potential to be a world class, large scale, low cost vanadium producer.


"The PFS endorses the world class qualities of the Steelpoortdrift project and emphasises the substantial intrinsic value of a processing enterprise that is expected to be the beneficiary of superior grades arising from the favourable exploitation qualities of the orebody," Mr Wessels said.


"Through this result, VR8 is aiming to become a major supplier of vanadium products to global markets, which are increasingly expectant and reliant on vanadium in a dawning alternative energy era."


VR8 will now put the project through more detailed design studies before ultimately beginning construction and production.


Read the Full Article on The Market Herald here

VIDEOS

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VR8 gives update on Steelpoortdrift development



VR8 (ASX:VR8) increase ownership in Steelpoortdrift Vanadium project



(ASX:VR8) locks in $4.6m investment for Steelpoortdrift project



Vanadium Resources Limited provide an update to market after announcing their 1.2 billion lbs V2O5 reserve



Phenomenal PFS results from junior developer Vanadium Resources Ltd (ASX:VR8)



Vanadium Resources (ASX:VR8) talks Scoping Study and upcoming PFS results


ABOUT US

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VANADIUM RESOURCES


VR8 is a junior vanadium developer who owns 74% of the world class, tier 1, Steelpoortdrift Vanadium licensed mining project in Limpopo Province, South Africa. The Steelpoortdrift titaniferous magnetite deposit is located in the prolific Bushveld Geological Complex.


VISIT WEBSITE: https://vr8.global/


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