Ann: Richmond Vanadium lab results in as drilling commences, page-7

Yeah really positive ann. no BS Hype around here just head down get the job done only wish it was happening at a faster pace >>I'd say on Completion of PFS will within time bring about a downstream production agreement with a major Chinese buyer...(and finally some market value being added to the project).

From ann-

Pre-concentration and downstream processing test work continues with further results expected in the March and June quarters 2019.

On receipt of assay data, updated geological models will be compiled and an updated resource for Lilyvale released. Both the test work results and the new resource models will enable commencement of a PFS and estimation of Ore Reserves.

The PFS may include production rate analysis, flow sheet design, initial estimates of capital and operating costs and product sales analysis. The JV has purchased a 75 acre parcel of land at Richmond to facilitate the potential requirement for a pilot plant should a decision be made to move forward.

The land is located in close proximity to the Flinders Highway, railway siding and the 66Kv power line providing infrastructure and services for the study.