SFM's Watsons Well Vanadium Project at Vanadium District, page-3

Yes @Stweeve, Vanadium price was constantly increasing in last 3 years but it is accelerated at the start of 2018. Vanadium Pentoxide price has nearly reached to US$18 in China atm.

Here is another chart supporting your chart.
Mr Market is aware of that, and the V stocks has made huge gains today (Tuesday). See the list below.




I don't think SFM's prospect will turn out to be a duster as it is at the vanadium district of Australia.

As you may know there are two known vanadium districts in the world;

• Bushveld Igneous Complex of South Africa.

• Western Australia - Meeline Suite of mafic-ultramafic layered intrusions (igneous complexes). (see the map above). There couple of sub-complexes of Meeline Suit. They are;
  • Windurmurra Igneous Complex,
  • Narndee Igneous Complex,
  • Youanmi Igneous Complex,
  • Lady Alma Igneous Complex,
  • Atley Igneous Complex,
  • Barrambie Igneous Complex.

The Windimurra igneous complex has been of great interest to mineral exploration companies for decades, as it is one of the thickest and largest ultramafic intrusions in the world. There is already a large size vanadium project at the location of Windimurra igneous complex as you can see on above map. SFM's project is just at the south of that project.

The private company Atlantic owns the Windimurra Vanadium and Iron Ore project.
Windimurra is a fully approved world-scale vanadium mine with historic investment in plant and infrastructure in excess of A$500 million. When in production, Windimurra will have the potential to produce 4,800 tonnes of contained vanadium per annum and approximately 1,000,000 tonnes of iron ore fines per annum. The Windimurra project is currently on care and maintenance with a structured infrastructure preservation program in place to maintain the integrity of key equipment on site.




SFM is now investigating the potential for Windimurra style Vanadium/Magnetite/Titanium mineralisation

The initial mapping by the Company has discovered meta-**bro outcrop and magnetite banding at Watson’s Well. Unlike Yarrambie, outcropping rocks and float appear to be mafic, rather than ultramafic. Due to the selective nature of MagLag sampling techniques for iron rich mineralisation, SFM also sampled insitu magnetite layering at surface. In light of this, SFM is now investigating the potential for Windimurra style Vanadium/Magnetite/Titanium mineralisation.

That is the important part. If the Vanadium/Magnetite/Titanium mineralisation at Watsons Well is same style with Windimurra then SFM will have a great advantage over the other vanadium projects in the area.

Watson’s Well shows Vanadium potential along a 5km strike

Sampling and mapping at Watson’s Well shows Vanadium potential along a 5km strike

• Peak rock chip assay returned 1.64% Vanadium Pentoxide (V2O5)
• 21 MagLag samples were taken and returned grade between 0.56% and 1.23% V2O5 (average grade 0.96% V2O5)

The 5km long Watson’s Well Magnetic anomaly directly corresponds with Vanadium in MagLag and rock chip samples.

Announcement of a more detailed exploration program is what we are waiting for now.

Company said on their anns on May 15;
"The Company is now investigating detailed ground-based geophysical options together with additional soil sampling prior to drill testing. A more detailed exploration program for Watson’s Well in its own right, will be announced to the ASX in the near future".

Lets' see what's next.