Atlantic Reports Resource Increase of 16 Percent

Atlantic Ltd. (ASX:ATI) announced a resource increase of approximately 16 percent at its Windimurra project. The resource is now 243 million tons, grading 0.48 percent vanadium oxide.

Atlantic’s Chairman and Managing Director, Michael Minosora, commented:

In the southern mine area, the mineral resource tonnage has increased 67% with confirmation of higher grade vanadium mineral resources of 86.5 million tonnes at 0.50% V205.

Our team believes that selective mining of targeted zones within this higher grade southern mine area resource is feasible using a much higher V205 cut off, potentially leading to further increases in the head grade delivered to the Windimurra vanadium plant over and above the 0.51% V205 head grade expected during the first 10 years of our current life of mine plan and thereby reducing unit operating costs.

Click here to read the full Atlantic Ltd. (ASX:ATI) press release.