What makes the Haggan project so valuable is that it is a huge poly-metallic deposit containing economically significant levels of vanadium (V), nickel (Ni), zinc (Zn) and molybdenum (Mo) as well as other Battery Metals.
It's Metal Value Distribution: Total Metals at current prices is:
V2o5 $151 BILLION
An $2.8 billion
Cu $1.66 billion
Co $3 billion
Ag $663 million
Nd $3.44 billion
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BASE METALS $177.924 BILLION
It also contains U3O8 at current prices valued at $40 billion.
It is unique with both Vanadium and Uranium entering an early stage bull market giving it's future value huge upside.
Of particular interest is that 90 million tonnes of +0.4% V2O5 commences at a depth of only 20 metres below surface and extends to around 100 metres below surface. At this depth this will form a minimum mineral reserve of Vanadium.
You quote Bushveld above has a 439.6Mt combined resource (including ~55 Mt combined reserves at effectively 0.65% V2O5 giving 34Mt V2O5 ). As everyone should know a reserve is what has been proven to be economically viable to be mined. This is lower than the most conservative estimation of Haggans reserve at 90 Mt at 0.4% V2O5 giving 36Mt V2O5 minimum. I expect however the mineral reserve for Vanadium alone to be much higher than this.
Haggans numbers truely are staggering.
As always though DYOR.
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