the vanadium occurs in magnetite mineralization, which is not the whole rock (figs 3+4 describe the other rocks). Magnetic attraction can be used to separate the magnetite from other material, a relatively cheap process that is reliant on power (power cheaper than Oz in Scand). Magnetite concentrates can be potentially sold as a DSO product to downstream processors.
This link describes the purpose and process in terms of iron recovery, probably ripped from an old mining book.
the vanadium occurs in magnetite mineralization, which is not...
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