The PFS design was based on a vanadium roast leach extraction of 87.9% and indicative tests have shown extractions as high as 96% for optimised bench conditions.A full refinery circuit vanadium balance and therefore vanadium recovery, will be developed from the pilot testwork program in quarters three and four of 2019.
Good news to me. They have an aspirational production cost of $5 a Lb, so this helps. Nothing positive happens with this stock until the DFS is completed although a partnership announcement wouldn't hurt. Nice to have my optimism massaged occasionally though as I had been hoping on updates given the extent of the samples taken.
Ann: High Purity Vanadium Pentoxide Produced, page-37
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