Some Rough prospective numbers on IRC/AXF V project --
1Mtpa mining rate would produce 210,000t of concentrate enabling a smaller and significantly cheaper downstream processing plant.
210,000t of 1.6% V = 3,360t of Vanadium gross (time will tell how high the purity will be ?)
but say 90% recovery after downstream processing = 3,000t x 100k AUD = $300million pa
Now, of course, there will be Nickel/Moly credits offsetting OPEX ...
Great infrastructure in place, worker accommodation in local townships.
Can't wait for the PFS.
And to think the V project has next to nil value added to IRC market value which IMHO is 95% Gold based
Ann: Richmond Vanadium lab results in as drilling commences, page-13
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