what, niplats deposit worth $150 billion us, page-7

Go NiPlats obtains very high tenor vanadium
13:15, Thursday, 1 April 2010

Sydney - Thursday - April 1: (RWE Aust Business News) - NiPlats
(ASX:NIP) has very high tenor vanadium, at 2.48 per cent, in magnetite
concentrate from a composited sample from representative drill holes that
intersected the high grade basal zone in the Central vanadium deposit at
Speewah, Western Australia.
Significantly, the head grade of the aggregate sample is 0.38pc,
which compares with an estimated resource grade of 0.37pc for the basal
high grade zone of the Central deposit.
A recently completed resource estimate has increased the vanadium
resource by about 400pc to 3.16 billion tonnes at 0.3pc, which together
with other prospects yet to be drill tested, confirms Speewah Dome as
hosting Australia's largest vanadium in magnetite deposit.
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