https://www.engineeringnews.co.za

Mt Burgess hunts for vanadium in Botswana

Mt Burgess hunts for vanadium in Botswana

Photo by Bloomberg

16th March 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – The share price of junior Mount Burgess Mining skyrocketed by nearly 72% on Friday as the company revealed plans to conduct an in-depth review of the vanadium content of its Kihabe project, in Botswana.

Mount Burgess told shareholders that with the recent increase in the vanadium price, and its importance as a battery metal, combined with confirmatory results from the recent diamond core drilling at the Kihabe deposit, the company has engaged a consultant metallurgist to design and implement a metallurgical testwork programme at the project area.

Geological modelling is currently under way to assess the grade and continuity of four identified vanadium domains in relation to the existing resource area.

Mount Burgess shares were trading at a high of 1.4c a share on Friday, up from a low of 0.9c a share.

Edited by Creamer Media Reporter

Comments

Showroom

SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)

Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points

VISIT SHOWROOM 
Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.073 0.125s - 156pq - 2rq
Subscribe Now