to fe or not to fe that is the question, page-16

I'll take that one - but pose another question. How far are these deposits from each other?

Windimurra;

Discovered in 1985 Windimurra contains one of the largest reported proven vanadium Ore Reserves in the world with current mineable reserves of 98.2mt at a bulk grade of 0.40% V2O5 (vanadium pentoxide), which will underpin an initial mine life of 25 years at the proposed mining
rate of 3.9mtpa.


YellowRock
TOTAL 37,659,000 MT @ 0.75% V2O5 and 8.89% TiO2

It must be noted that the above Resource was measured across 8 km of the 12.2 km strike length and drilled to a vertical depth of 50 metres. A full evaluation of mineralisation across the entire width of the leases and drilling to a depth of 150 metres has the potential to increase the resource tonnage by more than a factor of 3. Compared to other Australian vanadium deposits Gabanintha, at present, contains the second highest grade of 0.75% V2O5.

The Indicated Mineral Resource table shows the Unoxidised ore has the higher average value of 1.05% and all ore below the 50-metre mark falls into this category. When the full evaluation of the Project is completed and drilled to the depth of 150 metres, a re-stated JORC resource would indicate a higher vanadium percentage. This figure has the potential to make the Gabanintha Project the richest vanadium resource in Australia.