Ann: Excellent start to drilling at SPD Vanadium Project, page-6

First 6 Last

Share
Profile

Follow
perdant

2,764 Posts.

84

19/09/18

08:48

Post #: 35687363
Share

Originally posted by DetiMr ↑

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" !!

Expand

A bit of commentary about Vanadium:
http://www.theassay.com/articles/vanadium-outstanding-resource-performer-of-the-past-12-months/
No mention of TNO ... yet

TNO Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

First 6 Last

Add TNO (ASX) to my watchlist

Ann: Excellent start to drilling at SPD Vanadium Project, page-6

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Featured News