Ann: High Grade Results from SPD Vanadium Project, page-10

Good read imo: 

https://smallcaps.com.au/tando-resources-first-assay-results-south-african-vanadium-project

TNO's "vanadium project which it describes to be as potentially “globally significant”.

"The first results, combined with earlier grades of up to 2.2% vanadium oxide at a neighbouring drill site announced last month, indicate that Tando is exploring in the right area to declare a potentially declare a sizeable resource over the coming months."

“Drilling of Phase 1 is well advanced and is anticipated to be completed early next week with the resource to be published next month following receipt of assays from all drill holes,” according to Tando Resources."

"Since early 2017, vanadium prices have risen from $US4/lb to over US$25/lb, with the rapid appreciation attributed to a strong recovery in industrial production, steelmaking, and possibly most pertinently – the surge in battery production that is underpinning the ongoing shift into more efficient energy storage."

And last, but not least from US financial advisory firm Lazard:

"The US advisory has also stated that the current pace of vanadium battery adoption is being constrained by an absence of supply of battery-grade vanadium oxide – a state of affairs Tando is keen to resolve with its vanadium endowment."

From my pint of view, that last one could be a good sign for our darling !!