Vanadium Resources (VR8) has completed bulk sampling from trial mining and begun pilot plant test work for its Steelpoortsdrift vanadium project in South Africa.
The work is part of the definitive feasibility study (DFS), which aims to produce a high purity vanadium product from primary run of mine mineralised material.
The trial mining extracted 40 tonnes of mineralised material, with 15 tonnes classified as fresh high-grade material from the lower magnetite mineralised zone.
Bulk sampling of the material was recovered and sent to a facility in South Africa for concentrator pilot plant test campaigns.
Magnetic testing of sample bags found ore was highlight magnetic, which is a positive sign for the magnetic separation process.
The concentrator pilot plant campaign is underway with an aim of producing bulk concentrate material at over 2 per cent vanadium oxide as well as optimising design.
The DFS remains on schedule and within budget.
Shares were trading 1.39 per cent higher today at 7.3 cents each at 11:47 am AEDT.
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