40km strike length geological question, page-10

Pigmaleon, I don’t agree with your figure. I shall try and explain…….It's a little more..........

Currently, YRR has 37.6 m/t @ 0.75% Vanadium = 282,000 tonnes (JORC graded).

There is 2,204 lbs to the ton, so therefore there is 651,528,000 lbs of Vanadium in the ground at present.

Do the maths on that at about US$5 per lb, it’s over US$3 billion and there is more drilling to come.

YRR will drill the Gabanintha area over the additional 4.2km. The resource mentioned above was on 8km’s and only drill to a depth of 50m. They will drill the entire 12.2 km’s to a depth of 150m. There resource should get to at least 150m tonnes.

Oh yes, I forgot to mention they also have 37.6 m/t at 8.8% of Titanium – JORC graded.

See GPN Annual Report – page 3 for the reference.