The project hosts the largest oxide vanadium resource in the world (1.8Bt) and differs from the hard rock titano magnetite ores with simple strip mining from 5m below surface to 15m depth at less than 1:1 strip ratio, progressive rehab, upgrading the run of mine ore at site to 1.8-2% V2O5 and smelting the concentrate to produce 98% V2O5 flake and electrolyte.
The above is an extract from Jon Price’s accompanying email to today’s announcement. I like the fact that he takes the time to provide additional commentary.
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