Wednesday, February 28, 2018 5:28:28 PM
The Indicated Resource after applying recoveries of 82% would contain: 756.3 x 0.82 or 642.9 million pounds of recoverable vanadium pentoxide V2O5.
The Inferred Resource after applying recoveries of 82% would contain: 134.5 x 0.82 or 110.3 million pounds recoverable vanadium pentoxide V2O5.
The above figures are based on just 25% of the Green Giant Property and does not include 100% of the Vanadium property on Green Giant's south border which was obtained by agreement with Malagassy Minerals.
I believe it would be best for Nextsource to first convert the above Indicated and Inferred Resources to a National Instrument 43-101 compliant (“NI 43-101”) Measured and Indicated Resources as the earlier Indicated and Inferred Resources are well regarded, so obtaining Measured and Indicated resources can be accomplished without to much further exploration drilling.
Then they should carefully drill to provide a new National Instrument 43-101 compliant (“NI 43-101”) Proven and Probable Resource based on a 10 year mine life that is based on short term projected demand for vanadium pentoxide V2O5. and using the Staged Development concept as been planned for Molo. If demand were to increase plant operation can be increased in necessary increments or go to the larger Stage 2 Plant.
Such could also allow them to have a small facility to gain experience for on site production of the vanadium electrolytes used in VRB's.
FEATURED Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • Sep 24, 2024 8:50 AM
FEATURED Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM