Old:
Large High-grade JORC-2004 Indicated and Inferred Resource at Gabanintha V-Ti-Fe Project in Western Australia;–Total of 125.8Mt @ 0.70% V2O5, 8.64% TiO2 and 32.60% Fe
–Contains a separate high-grade Resource of 60.4Mt @ 0.98% V2O5, 11.40% TiO2 and 42.15% Fe
–High-grade resource outcrops at surface and exhibits open pit potential (low strip ratio)
New:
91.4 million tonnes at 0.82 % V2O5 containing 750,000 tonnes of V2O5 ; Containing a discrete high-grade zone of 56.8 million tonnes at 1.00% V2O5 containing 563,000 tonnes of V2O5;
total contained V2O5 NEARLY the same, but overall grade increase from 0.7%---0.82%, looks good, the results are beyond my expectation.
Ann: Substantial High Grade Vanadium Resource at Gabanintha, page-27
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