Ann: Excellent start to drilling at SPD Vanadium Project, page-4

Summarizing some thoughts on their 17 Sept. 2018 announcement:
- they started successfully phase one of the drilling programme with two holes of at least 18 holes for 1,650 m at SPD deposit
- currently there is a "foreign resource" of 513 million tonnes at a grade of 0.78% V2O5 defined under the SAMREC code, which will be converted to JORC status
- Tando expects to publish the JORC-compliant Mineral Resource Estimate by the end of October, 2018
- following of phase one completition, Tando will straight move into phase two, which is designed to comprise 58 holes for 5,550m aimed at upgrading JORC to an indicated category (provided results are as anticipated)
- Tando is fully funded for the entire Phase 1 and Phase 2 drilling programme as well as the metallurgical and mining studies which will follow

Conclusion: Tando will work for the benefits of all shareholders in coming weeks !
But one other thing in this announcement attracts my attention too, their social responsibility !
"As part of drilling activities, the drilling contractor has recruited employees from the local communities, assisted by Tando, which is expected to be the first of many opportunities for the project to provide benefits such as employment and training for these communities."
These words you do not often hear in shareholder-announcements, especially if the resource is located in "Black Africa" !!