RE: Bmn22 Aug 2018 15:59
"The Company has commenced an exploration programme at the Vametco mine to increase geological confidence and grade continuity of the ore mined. This is aimed at upgrading Inferred Mineral Resources to Indicated Mineral Resources.
·     The Company continues its exploration programme at the Brits Project, which has to date shown positive drilling results, with intersections of Lower Seam, Intermediate Seam and Upper Seam intervals similar to mineralisation at Vametco Mine, and vanadium grades in magnetite of 1.54-2.09% V2O5, similar to grades mined at the Vametco mine. These assay results portray the excellent potential for an eastward extension of the current orebody being mined at Vametco."
Longer term really good news v a short term hiccup, madness.