VanadiumCorp Resource Inc. (TSXV:VRB) announced that the first-ever Lac Dore NI 43-101 technical report had been completed. The report exceeds the usual requirements of a standard NI 43-101 technical report in that it provides an extensive review of the metallurgy of vanadium extraction in addition to a market outlook.
The Lac Dore project has now reached a new level of compliance in order to achieve “advanced stage” status, which has significantly shortened the timeline to production.
As quoted in the press release:
The Report enables the Company to proceed directly to resource calculations. No supplementary drilling is needed, years of expensive drilling campaigns to establish a resource are not required. The Report has unlocked all of the relevant past data and knowledge that is technically in the public domain but accessible to very few people. VanadiumCorp has authorized immediate claim expansion that facilitates preparation for eventual mine planning.