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0.6¢ surefire resources nl

The V2O5 lodes are not very deep either, making for low cost...

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daicosisgod

12,701 Posts.

1335

15/12/22

14:37

Post #: 65327037
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Originally posted by Thadius ↑

This is fantastic results today and the M.Cap is way too small for what is here.

For those that are new to SRN, back in 2018 they did metallurgical studies for Unaly Hill which is next door to Victory Bore.

For those that have seen higher grades for Vanadium resource grades like 0 .7% + and think maybe the grades here are too low, please see the outstanding results below from their studies which show how beneficiation can take it to 1.43% and also this resources has less impurities than other resources out there.

Unaly Hill
Key Metallurgical Results
Consistent vanadium grades and recoveries across the three mineralised zones tested
 192% to 367% vanadium upgrade
 V2O5 concentrate grades up to 1.43% achieved
 Lower grade mineralised zone beneficiates exceptionally well
 Ore below a nominal cut-off grade shown to beneficiate to similar grades as high-grade
zones
 Excellent rejection of gangue minerals
o Up to 99.5% rejection for silica
o Up to 99.0% rejection for alumina
o Up to 99.3% rejection for calcium

Expand

The V2O5 lodes are not very deep either, making for low cost mining. If Vlad can get an offtake agreement to secure project finance then this thing will fly, literally.

GLTAH and of course DYOR

SRN Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held
4 Upvote

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