The 2014 update was based on a 2.1mtpa, 1% V2O5 mining operation, with ROM material being magnetically or gravity concentrated to produce ~715,000t of roaster feed at a grade of 2% V2O5 to produce 10,000tpa of vanadium pentoxide flake. Initial capex of $230 million and operating costs of $8.90/kg ($4.00/lb) were estimated. The study also investigated a 5,000tpa V2O5 case without beneficiation, with an upfront capital cost of $170 million.
TNG Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
