But PFS does state that they will have processing facilities on site to provide concentration (1.82%) then to ship to china for further refining down to 0.48% where a refining plant will be built.
Ore processed on site to produce a V2O5 concentrate of 1.82% V2O5, railed to port and
shipped to China for refining V2O5 flake
The PFS has an annual rate of production of 790,000 tonnes of concentrate, producing 12,701
tonnes of 98% V2O5 flake. Operating costs of A$8.66/lb (US$6.32/lb) include mining, administration,
concentration onsite, transport and refining offshore. Capital costs of A$242.2m (US$176.8m)
include construction of the concentrator via EPCM inclusive of 20% contingency, in addition to a
power station, railway siding, bores, administration and accommodation facilities, and an offshore
refining plant. Mining capital is provided by the contractor and amortised into the mining rate.
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