Ann: Mt Marion Lithium - Mineral Resource Upgrade, page-2

re: Ann: Mt Marion Lithium - Mineral Resource... What does RDR have?

I wanted to see it all in one place

Here is what I found. Please DYOR. I'm no expert, so could have errors and misinterpretations.

128,000 tons of Lithium Oxide. RDR plans to produce Lithium Oxide at 13,000 tons pa. That gives a mine life of a touch under 10 years. We hope that more resource extend the life of the mine.

But, wait, there's more.

1.Resource estimate is 65,2 million tons of ore containing 0.82% Vanadium Pentoxide at Barrambie. This translates to about 530,000 tons of Vanadium Pentoxide.
A Definitive Feasibility Study to produce 6,300 tons of Vanadium completed and approvals in progress (08 April Ann). Assuming the 6,300 tons refers to Vanadium Pentoxide, I make the resource life to be about 84 years! RDR refers in their presentation to RIU Explorers Conference (Feb 2010) to a 12 year mine delivering an EBITDA of $186m for a 5 year average price of US$50 per Kg. I make that an EBITDA of around $1.08 per share (172m shares).
Uses of Vanadium: 85% of production is used to considerably strengthen steel. Vanadium Pentoxide is also used as a catalyst in the production of sulphuric acid.
2.Resource of 186,000oz (10.8g/ton) of gold at Sand Queen Gold Mine (08 April Ann)
3.Iron and Nickel at Mount Finnerty. For Iron, 20:80 JV with Cleveland Cliffs. Maiden Resource estimate 4.6Mt at 54% Fe. More than 50 targets identified in Dec 2009 (RIU Explorers Conference (Feb 2010)). RDR has 100% of Nickel rights. (08 March Ann)
4.Nickel and Copper at Bell Rock. JV with Anglo American. (RIU Explorers Conference (Feb 2010))

Attention is focused on Lithium, but the other resources are not exactly child's play (in my opinion).