Assay TV catches up with Jurie Wessels, Executive Chairman of Vanadium Resources (ASX: VR8), a junior vanadium developer which owns 74% of the tier 1 Steelpoortdrift Vanadium licensed mining project in Limpopo Province, South Africa. The Steelpoordrift Vanadium project is one of the world’s largest undeveloped vanadium deposits, with a Measured, Indicated, and Inferred JORC resource of 662 Mt @ 0.77% vanadium pentoxide (V2O5), incl. 188 Mt @ 1.23% V2O5 with an in-magnetite grade of c. 2.2% V2O5. Jurie informs us that the company is currently in the process of completing a DFS for the project and expects it to be completed by Q3 2022.
Primary ticker: ASX:VR8
Stage of development: Development
Project to promote: Steelpoortdrift Vanadium
Project location: Africa