Some Rough prospective numbers on IRC/AXF V project -- 1Mtpa...

Some Rough prospective numbers on IRC/AXF V project --

1Mtpa mining rate would produce 210,000t of concentrate enabling a smaller and significantly cheaper downstream processing plant.

210,000t of 1.6% V = 3,360t of Vanadium gross (time will tell how high the purity will be ?)
but say 90% recovery after downstream processing = 3,000t x 100k AUD = $300million pa

Now, of course, there will be Nickel/Moly credits offsetting OPEX ...

Great infrastructure in place, worker accommodation in local townships.

Can't wait for the PFS.

And to think the V project has next to nil value added to IRC market value which IMHO is 95% Gold based