VMC 2.53% 8.1¢ venus metals corporation limited

Ann: RC Drilling Commenced Youanmi Vanadium Oxide Project, page-2

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    Drilling to serve two purposes - first to return a large measured (JORC) resource for the Scoping Study and secondly to provide a large ore sample for metallurgical work to support the suggested low acid heap leach.


    The latter is the key to success for Venus' surface to 50 m oxide deposit. Others who have to conduct HPAL (High Pressure Acid Leach - in autoclaves - read very expensive large rubber lined high temperature vessels) will have high Capex, and high Opex compared to us.


    If these guys continue to move really fast we might have V for sale in a correspondingly short time.

 
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