Keep an eye on Vanadium Resources (VR8). It’s a motivated ASX-listed, JSE-mulling junior that is thinking expansively in line with the potentially very long life mine that it is setting out to develop in South Africa’s expansive Bushveld Complex.
VR8’s Steelpoortdrift mine project’s 680-million-ton resource is poised to give the company a potential 180-year lifespan.
Its operations are expected to be in production by the end of 2026 and early 2027, with a beneficiation plant next to the mine producing a vanadium-rich concentrate. The intention is for that concentrate to enable the proposed downstream Tweefontein processing facility to produce a vanadium pentoxide flake for the steelmaking market and for vanadium redox flow battery (VRFB) manufacture, with demand for vanadium expected to grow significantly in the next five to ten years off the back of VRFBs.
For more information, please visit: https://www.ferroalloynet.com/news/vanadium_junior_has_expansive_plans_for_longlife_operation_mulling_jse_listing.html
