JOHANNESBURG (miningweekly.com) – Additional Davis tube tests (DTT) on two samples from hanging wall units to the main magnetite layer (MML) of Aim-listed Bushveld Minerals’ vanadium project, in Limpopo, have confirmed the company’s expectations that suitable vanadium grades and recoveries could be achieved from the hanging wall layers of the MML, CEO Fortune Mojapelo said on Tuesday.
The objective of this effort was to define the value associated with the hanging wall layers of the MML, which were currently considered waste, in the recently published scoping study for the Bushveld vanadium project.
Mojapelo added that this testing, which delivered vanadium recoveries greater than 90%, was the first step towards having additional layers declared as mineral resources.
“We will continue with our financial evaluation of these layers. A positive outcome of the financial evaluation will allow us to define up to 156-million tons more resource, in addition to the 69-million tons Joint Ore Reserves Committee-compliant resource already defined in the hanging wall of the MML,” he said.