Tando finds another major group of vanadium pipes in South Africa
Mining & Resources
Special report: Tando Resources could be onto something big at its SPD project in South Africa after uncovering yet another major cluster of vanadium pipes.
The new group of pipes was uncovered during mapping and sampling and provides more strong evidence of the potential for a low-cost direct shipping operation (DSO).
DSO requires only simple crushing before it is exported, which keeps costs low.
An analysis of the new samples are pending, but on-ground inspection indicates that these pipes are very similar to those already mapped and sampled.
Mapping and sampling has already defined a host of shallow, high-grade vanadium pipes that sit within a 3km radius of the established vanadium deposit at SPD.
Surface sampling conducted by Tando (ASX:TNO) ahead of the survey at many of these pipes returned high-grade vanadium assays that were consistently above 2 per cent vanadium pentoxide (V2O5).
The latest cluster was not sampled at the time because it was only identified in the recent survey.
Tando is now fast tracking its plans to begin maiden drilling of the vanadium pipes.
The company is investigating flying in a heli-rig rather than bringing in a rig over land to enable it to begin drilling sooner.
Tando is also commissioning a study into the potential market and pricing for the DSO product.
The SPD deposit already hosts a resource of 513 million tonnes at 0.78 per cent V2O5 and has shown early similarities to the formerly producing Kennedy’s Vale mine.
Drilling is aimed at converting the resource, which is currently known as a “foreign resource”, to the JORC Code.
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.
This special report is brought to you by Tando Resources.
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