The pre-feasibility study for the Victory Bore Vanadium Project shows a pre-tax net present value (NPV) at a 10% discount rate of $1,110 million ¹. Note that this is approximate, rounded to the nearest significant digit ¹. Other details about the project include ² ³:
- Surefire Resources signed an agreement with Saudi Arabia’s RASI Investment Company to invest in and develop the project
- The project is expected to output 1.25 million tonnes per annum of vanadium-titanium magnetite concentrate
- The concentrate will be processed in Saudi Arabia to produce high-purity vanadium, ferrovanadium, pig iron, and other byproducts
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Aussie Company Surefire Sets Sights on Saudi Arabia, page-13
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