Ann: Spectacular Drill Results Continue From Crake Gold Project, page-29

Very undervalued HRZ... indeed; Multiple Gold deposits + potential to grow resource + Exposure to vanadium, silver, zinc and
copper through non-core projects... and there is a lot of talk about growing demand for Vanadium and Silver from accelerating climate change remedy, switch to renewable energy, battery storage, AI and EV, as Reuben Adams wrote elsewhere recently:
1/

China’s aim to accelerate a transition to lower energy consumption and to stimulate demand for renewable energy and energy storage products has prompted local companies to get cracking on VRFB developments, Argus says.

On March 15, VRB announced plans to build a 100MW solar photovoltaic and 100MW/500MWh vanadium flow battery integrated power station in central China’s Hubei province.

Shanghai Electric has unveiled plans for a 100MW/400MWh VRFB project in Yancheng in east China’s Jiangsu province.

Rongke Power is on track to launch a 200MW/800MWh facility in Dalian in northwest China’s Liaoning province this year.

The list goes on. How much vanadium could these batteries potentially soak up? A lot.

“Market participants estimate around 9.25t of vanadium pentoxide is used in each MWh of vanadium storage battery,” Argus says.

“China is expected to install around 30-60GWh of new energy storage capacity by 2030, corresponding to 28,000-56,000 t/yr of extra demand for vanadium pentoxide during 2021-2030.”

2/ Viability could change rapidly this decade if we get a surge in use of vanadium redox flow batteries (VRFBs) for energy storage, which would seem quite possible given the Biden plan to have 100% electricity from non-carbon sources by 2035.