Seeing as the company, IMHO, has not done a very good job of selling the Speewah story to the world, I thought I might do my little bit to get the word out there. Here's some info from Ocean Equities that was penned 1 year ago. It is about the Vanadium Sector. The complete document can be found here:
We believe that out of our peer analysis group, three companies stand out for different reasons (SPM is one of them):
Speewah Metals (SPM.AU | MCap A$39m) – Speewah is by far the largest defined resource in our peer group, if not globally. The overriding key feature of the project is the vanadium tenor of the concentrate which is ranked far above the group.
Standouts Largo Resources | LGO.CN | Maracás, Brazil Speewah Metals | SPM.AU | Speewah, Aus Energizer Res | EGZ.CN | Green Giant, Mad Ones to Watch Atlantic Ltd | ATI.AU | Windimurra, Australia American Vanadium | AVC.CN | Gibilleni, USA Companies Included Apella Res | APA.CN | Iron T / Lac Dore, Can Atlas Iron Ore | AGO.AU | Balla Balla, Aus Argex Mining | RGX.CN | La Blache, Canada Quest Minerals | QNL.AU | Victory Bore, Aus Reed Resources | RDR.AU | Barrambie, Aus Sino Vanadium | SVX.CN | Daquan, China TNG Limited | TNG.AU | Mt Peake, Aus
Speewah Metals One of, if not the, largest titanomagetite deposits in the world: High vanadium tenor in concentrate...
3,566Mt at 0.30% V2O5
Speewah Metals ("SPM") has established a portfolio of 100% owned leases covering 575 sq kms in the East Kimberley region of Western Australia. These leases host one of the worlds largest and highest quality titanomagnetite/vanadium resources (currently JORC estimated at 3.6bt in a ~ 50m thick, flat lying, at surface, mostly unoxidised state). The leases are also prospective for many other minerals including copper/gold, fluorspar, silver, lead, zinc and platinum. Speewah has targeted to further increase Vanadium resources by ~100% over the next 6 to12 months by the drilling of other known outcrop adjacent to the current resources. An unusually high tenor relationship with the magnetite/Vanadium crystals has enabled the establishment of much higher than average grades (up to 2.6% V) in concentrate. Titanium, vanadium and iron in this concentrate have also been shown to dissolve in some acids - opening a future potential pathway to recover metal products such as Vanadium pentoxide, Titanium dioxide and ferric chloride in large volumes. The sheer magnitude and quality of this deposit makes it an essential component of any portfolio focussed on the Vanadium sector.
SPM Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
