Vanadium explorer Tando has a new name, refreshed board, and aggressive marketing and development strategy for the massive Steelpoortdrift (SPD) project in South Africa.
Vanadium Resources (ASX:VR8) says SPD in South Africa can rightfully claim to be one of the world’s largest and highest grade vanadium deposits.
Check out this handy chart:
But despite being big and high grade (whole rock and in concentrate), SPD hasn’t received the attention it deserves, says VR8.
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Consultancy Mastermines was appointed to assist VR8 with marketing in Asia earlier his month.
Mastermines director David Gillam says this is a project that has fallen under the radar in Asia.
“Our initial approach will be to ensure that all industry players in Asia are aware of the scale and quality of the project with blanket marketing,” Gillam says.
“We believe that the sheer scale and quality of the project will be welcomed within Asia among both new and existing vanadium entities, and the Asian investor community.”
VR8 managing director Bill Oliver says SPD is a “remarkable project”.
“Our intention is to explore all possibilities to ensure we continue development with the right value-add options in mind,” Oliver says.
“Subsequently, we will collaborate with South African and Chinese experts.
“The key to success will be a clear path forward that we tackle while mindful of overall capex to ensure realistic commercial targets.”
Two experienced mining execs, Nico van der Hoven and Jurie Wessels, have also joined the board.
“Nico and Jurie have developed a substantial chrome mining operation in the region which freights to the same port intended for VR8,” Oliver says.
“Their combined practical knowledge of mining in the region and in South Africa will be a major positive as the project develops.”
READ: Are lower vanadium prices triggering a wave of giant new VRFB developments?
In more battery metals news today:
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Cobalt play Jervois Mining (ASX:JRV) board and management shelled out $2.76m between them during the last $16.5 million equity raise. The raise was executed through the issue of a total of 82.5 million new ordinary shares at 20c per share. The funds raised will be used to complete a feasibility study at the Idaho cobalt operation, and to undertake staged work programs in Uganda.