Fantastic result!
What I take away from it? – all IMO of course J
AVL **ba has increased another cheeky 8.1million tonne, and massive magnetite high-grade zone of 3.1 million tonne – whilst holding the same 1.00% V2O5!
Indicated Resources within the HIGH GRADE ZONE have increased by 7.2Mt (147%)
This updated figure includes a 70% increase to the Indicated Mineral Resource from the previous resource
This represents an extremely high conversion from Inferred resources, supporting the high degree of geological and grade continuity at AVL’s **anintha project.
Overall the total Mineral Resource has increased by 8.1Mt (4.6%) as a result of deeper drilling within the deposit, which remains open at depth.
This de-risking of resources will support a longer mine life for the proposed **anintha vanadium operation - SO LONG 17 YEAR MINE LIFE!!! – 25 YEAR+?
208ppm Cobalt, 666ppm Nickel, 217ppm Copper1 and 0.16% Sulphur has been estimated, representing a 1.8Mt increase – LOVE cobal credits! = lowers OPEX!
183.6Mt at 0.76 % V2O5 containing 1,399,900 tonnes of V2O5; =
@ an offtake price of $15 = $46,293,768,125
PREPARATION OF THE FINAL PFS DOCUMENT IS CURRENTLY UNDERWAY.
WE ARE THE REAL DEAL PEOPLE! WE WILL GO TO MINE!
Ann: **anintha Resource Update, page-7
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