"Exceptional vanadium grade
Mr Read said the results from the Airijoki project are exceptional in terms of the vanadium grade, the thickness of the mineralisation and its potential strike extent.
“The key thing really is to look at the grade of the magnetite concentrate and if you have something that’s above about 1.5 per cent vanadium pentoxide in a magnetite concentrate, that’s high grade,” Mr Read said.
“If you’re getting up over 2 per cent vanadium pentoxide in magnetite concentrate that’s a globally significant concentrate grade and that is what we are achieving.”
Prime location
Vanadium processing plants are power intensive, therefore access to cheap power is essential in keeping costs down.
“In comparison to a project in outback Australia, our power is about a third to a quarter of the cost. We have access to very good roads, rail, infrastructure, processing technology and are also operating very close to what will be one of the biggest consumers of vanadium in Germany,” Mr Read explained."
.....
“We’re very confident about the quality of the projects we have, but also where they’re situated,” Mr Read said.
“They have major advantages, with access to the infrastructure available in Finland and Sweden.”
Pursuit already has historic resources at its Koitelainen and Karhujupukka projects in Finland and it is working to convert those into JORC-compliant resources.
JORC refers to the mining industry’s official code for reporting exploration results, mineral resources and ore reserves, managed by the Australasian Joint Ore Reserves Committee.
The company is also planning to start drilling at its Airijoki project in early November to further investigate the thick high-grade vanadium mineralisation.
Pursuit’s plan for the next 12 months is to upgrade the resources at the two projects in Finland and define a maiden resource in Sweden."
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Mkt cap ! $7.270M |
Open | High | Low | Value | Volume |
0.2¢ | 0.3¢ | 0.2¢ | $8.573K | 3.786M |
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No. | Vol. | Price($) |
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54 | 55488336 | 0.2¢ |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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2 | 211170 | 0.025 |
3 | 274000 | 0.024 |
4 | 1346362 | 0.023 |
3 | 2445000 | 0.022 |
6 | 1690080 | 0.021 |
Price($) | Vol. | No. |
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0.026 | 100000 | 1 |
0.027 | 500000 | 3 |
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