ton - largest vanadium world deposit, page-3

"VANADIUM/ZINC POTENTIAL

The Nicanda Hill resource contains numerous high grade vanadium mineralisation zones and has been confirmed in the Mineral Resource estimation averaging 0.27% V₂O₅.
Nicanda Hill contains 3.93Mt V₂O₅ establishing it, in its own right, as the largest known vanadium resource in the world, being approximately one third larger than the next largest known vanadium resource (2.7Mt V₂O₅) and approximately three and a half times larger than the Rhovan Vanadium mine in the north West province of South Africa (1.1Mt V₂O₅).
Metallurgical test work to date shows that vanadium is present at significant levels in the process tailings after the flotation and separation of the graphite concentrate from the ore. Also of note is the presence of zinc and other base metals in the tailings.
Further and more comprehensive test work is still required to understand whether the vanadium and zinc can be further upgraded into saleable concentrate levels. Accordingly, the vanadium and zinc potential of the Nicanda Hill was excluded from the economics of the Nicanda Hill Scoping Study.
Should the vanadium and zinc be found to be upgradable from the tailings, a positive impact on the overall economics and profitability of a potential mine at Nicanda Hill is likely."