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Bushveld Minerals keen on hanging wall asvanadium grades pass muster

Published: 18:35 14 Oct 2014 AEDT

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Bushveld Minerals' (LON:BMN) vanadium project in South Africa has received a boost after metallurgical work indicated acceptable grades and recoveries from the hanging wall section.

The company completed two tests on samples from the hanging wall parts of the main magnetite layer (MML HW) as part of work to determine if these areas can classified as a JORC resource.

Bushveld said that concentrate grades of 1.5-1.6% V2O5 (vanadium pentoxide) were achieved for two MML HW layers, while vanadium recoveries were over 90%.

In September, Bushveld added an additional 68.7 Mt of Inferred resources within the MML HW, at a cut-off of 25% Fe (iron), with an average grade of 28.8% Fe and 0.75% V2O5 (vanadium).

Fortune Mojapelo, Bushveld’s chief executive, said the results confirmed its expectations that suitable vanadium grades and recoveries were achievable, with financial evaluation the next stage.

“A positive outcome of the financial evaluation would allow us to define up to 156 Mt more resource, in addition to the 69 Mt JORC resource already defined in the hanging wall of the MML.”

The objective of this effort is to define the value associated with the hanging wall layers of the MML, which are currently considered waste in the recently published scoping study for the Bushveld vanadium project.

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