"Exceptional vanadium grade Mr Read said the results from the...

"Exceptional vanadium grade
Mr Read said the results from the Airijoki project are exceptional in terms of the vanadium grade, the thickness of the mineralisation and its potential strike extent.
“The key thing really is to look at the grade of the magnetite concentrate and if you have something that’s above about 1.5 per cent vanadium pentoxide in a magnetite concentrate, that’s high grade,” Mr Read said.
“If you’re getting up over 2 per cent vanadium pentoxide in magnetite concentrate that’s a globally significant concentrate grade and that is what we are achieving.”
Prime location
Vanadium processing plants are power intensive, therefore access to cheap power is essential in keeping costs down.
“In comparison to a project in outback Australia, our power is about a third to a quarter of the cost. We have access to very good roads, rail, infrastructure, processing technology and are also operating very close to what will be one of the biggest consumers of vanadium in Germany,” Mr Read explained."