This is a very encouraging announcement and will hopefully lead to a significant increase in vanadium resource and even more hopefully, into a better resource category.
The best news in today's announcement is as follows:
The Mineral Engineering Technical Services (METS) metallurgical scoping study (2012) has determined that the vanadium is contained within a vanadium titaniferous magnetite. A magnetic preconcentration of the low grade (crushing and removing the **bro waste with a magnet) will provide magnetite of the same grade as the high-grade zones. This metallurgical characteristic of the Victory Bore Vanadium mineralisation explains how the West Lode can be beneficiated to provide additional high-grade vanadium to the mill.
This means that the lower grade V2O5 at the newly discovered West Lode is suitable for the proposed mill and will add significantly to the Mineral Resource and the overall strength of the upcoming PFS that Surefire is about to start.
Cheers......D
SRN Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
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