road to DFS, page-30

If you look at TNO chemical analysis table from TNO previous announcement, there is no SiO2 and they mentioned magnetite but they did not mentioned what they have Fe2O3 or Fe3O4?

During the separation and extraction process if you have magnetite you have use much more energy and complex processing equipment. Because of much more impurities, you cannot produce high grade vanadium. It more costly to produce the concentrate of vanadium.

TNO need to produce much more detailed information about their vanadium minerals and their chemical combination.