Ann: Provisional Patent Lodged Vanadium Recovery Process, page-55

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daicosisgod

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08/05/24

11:32

Post #: 73722345
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Originally posted by Brewstex ↑

I see another video out from PB on proactive investor.

This is a VERY thorough and detailed breakdown of the leach processing. Very good listen for those wanting to know the finer details of the process.

Lot's of takeaways

If they can avoid using a kiln that traditional methods use for extracting Vanadium that would be significant savings on capital cost and replacement costs as they go through the mine life. I think he mention the kiln alone cost around 100-150mill US, not to mention the sheer size of it. Also these kilns are very high in operating costs.
If they can prove this new leach process works on a commercial scale then it's no wonder they are protecting it with a patent. What also caught my attention was the financials would have to be re-done (if the process works) Now that would be worth waiting for.
I've always been of the opinion that this project is all about the Saudi's but starting to think it's also all about the leaching and the potential game changer.

Also another quick comment at the end about the R & D grant going well.

Hopefully lot's to look forward to.

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SRN has received just under $500k cash tax credit from its R&D expenditure.

SRN has also applied for a $14m grant from the Critical Minerals Program whereby the federal government is assisting critical mineral players grants to help cover the costs of DFS's etc.

The SRN seem to be taking lots of steps forward. All very good signs.

SRN Price at posting: 1.0¢ Sentiment: Buy Disclosure: Held
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