Update on VMC's Vanadium Project. This is a high grade resource rivalled by TNG's vanadium project at Mt Peake in the NT. VMCs resource is higher grade and in mining friendly WA. VMC's project has lacked the technology to separate the metals while TNG developed and licenced TIVAN technology. TNG has now run into a green road block in the NT and is looking unviable. Tech transfer of TIVAN to TNG would be game changer. This is a big multi billion $ revenue project with a Capex of around $600m. The usual tiny slice of a good project that Venus usually retain would still be huge relative to MC.
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