VANADIUM RESOURCES
CLOSED

FOR SOPHISTICATED AND PROFESSIONAL INVESTORS ONLY -VR8 is a junior exploration company which has the rights to 73.95% of a globally significant vanadium project

CLOSED 01 November 2019
Share Price: $0.04Min Parcel: $10000Type: Ordinary ShareCode: VR8
Key points

VR8 is a junior exploration company which has the rights to 73.95% of a globally significant vanadium project (the SPD Project).

Vanadium intersections in drilling at the SPD Project have returned >1% V2O5 with associated titanium mineralisation in magnetite units. Grade in concentrate (magnetic separates) averages 2% V2O5 and 13% TiO2. Drilling has been used to estimate an Inferred JORC Resource of 588Mt at a grade of 0.78% V2O5 as detailed here. Drilling and other activities are underway on site with the aim of fast tracking near term production.

Tando also owns 100% of 3 projects located in the Pilbara region, Western Australia. High grade zinc-copper mineralisation has previously been intersected in drilling at the Quartz Bore Project while the Mt Sydney Project is located along strike from Rumble Resources' Braeside Project.

 

Key Investment Highlights 

  • Drilling by VR8 has been used to estimate an Indicated & Inferred JORC Resource of 612Mt at a grade of 0.78% V2O5
  • Scoping Study released in May which confirmed the viability of producing high quality vanadium concentrate by simple beneficiation
  • VR8 has the right to won 73.95% of the Steelpoortdrift Vanadium Project in South Africa. Current project ownership is 50% with the balance of up to 73.95% subject to approval under S11 of the South African Mineral and Petroleum Resources Development Act 2002

Term Sheet and Application Details will be emailed to Wholesale investors.