Highlights only from SYRs ann this morning
EXCITING PRELIMINARY METALLURGICAL RESULTS FOR BALAMA VANADIUM
Highlights:
· Initial test work on Balama vanadium ore shows upgrade to a 5.02%V2O5 concentrate
· Further work being conducted to increase the concentrate grade through optimisation of the flowsheet
· Balama possibly has the highest grade vanadium concentrate in the world based on research by investment groups and announcements by vanadium explorers
· Balama is a significant vanadium deposit in terms of its contained The contained vanadium (based on Balama’s Inferred Resource) exceeds that of Glencore’s Rhovan deposit (world’s largest operating vanadium mine) by about 4 times
· Balama’s high grade Mualia Zone (Inferred Resource) is about the same size and grade as Rhovan in terms of vanadium
· Work is underway to prove up much higher vanadium grade zones based on the presence of a very high abundance of green minerals (known to contain vanadium) in the Sushi Zone (Balama East
Highlights only from SYRs ann this morningEXCITING PRELIMINARY...
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