More ‘outstanding’ high grade vanadium results from Tando

By Meagan Evans. Published at Mar 27, 2019, in Small Caps

Tando Resources (ASX: TNO, Tando or the Company) has reported further outstanding high grade drilling results from its SPD Vanadium Project in South Africa.

The SPD Project is one of the highest grade Mineral Resources reported across the globe (using whole-rock or unprocessed grades) and positions Tando with a unique opportunity to initiate a low-cost, early cash flow operation.

The intersections reported are from drilling completed to infill and extend the high grade zone of 87Mt at 1.07% vanadium oxide (V2O5) which lies within the global Mineral Resource at SPD of 588 million tonnes at a whole rock grade of 0.78% V2O5.

This high-grade zone is the focus of the current Scoping Study with a view to selectively mining it and producing a concentrate for sale.

The receipt of these assays will enable the new Mineral Resource for the SPD Vanadium Project to be completed and published. This will then be fed into the Scoping Study which is due to be finalised in coming weeks.

Given the consistency of high grade results along with the excellent continuity of mineralisation it’s anticipated that the updated Mineral Resource should contain a high proportion of material in the Indicated category.

Add to that the increased detail from the infill drilling that will enable the higher-grade massive magnetite layers to be better delineated, increasing the potential for selective mining to meet offtake specifications.

Here are the drillhole locations:

Plan showing location of drilling at SPD as well as historical and planned drilling

Vanadium

Vanadium is largely used in strengthening steel via various alloys. Consumption is currently increasing with the recent implementation of stricter standards on the strength of steel to be used in construction (specifically rebar). Vanadium use in steel making accounts for over 90% of current vanadium demand.

Additionally, the global move towards renewable energy solutions will require a vast increase in energy storage installations. This is forecast to include an additional increase in the usage of vanadium redox flow batteries (VRFB) for large scale energy storage which provides additional longer term demand for vanadium.

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Thanks for subscribing!

X