Tando Resources Ltd. estimated a maiden JORC-compliant inferred resource at its SPD vanadium project in South Africa of 588 million tonnes at 0.78% vanadium pentoxide.
The resource contains high-grade, near-surface mineralization of 80 million tonnes at 1.07% vanadium pentoxide, above a cutoff grade of 0.9% vanadium pentoxide, within 100 meters of surface.
Tando Managing Director Bill Oliver said in a Dec. 18 statement that the company will focus on developing the high-grade zone in early 2019.
The resource will form the basis of a scoping study on the project, which would consider both the larger project that would produce vanadium pentoxide and a near-term, low capital-expenditures production option that would produce a precursor product to vanadium pentoxide.
The near-term production option would seek to generate a magnetic concentrate from the high-grade portions of the resource via simple beneficiation.
The company will soon start preliminary pit optimization work and will complete mine designs on the updated resource in the first quarter of 2019.