- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
Purpose Bitcoin ETF
Silver47 Exploration
Syntheia
Black Swan Graphene
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Bushveld Minerals Releases PFS for Mokopane Vanadium Project
Bushveld Minerals Ltd. (LSE:BMN) released a prefeasibility study (PFS) for the South Africa-based Mokopane vanadium project. The company holds a 64-percent stake in Mokopane.
Bushveld Minerals Ltd. (LSE:BMN) released a prefeasibility study( PFS) for the South Africa-based Mokopane vanadium project. The company holds a 64-percent stake in Mokopane.
Highlights from the PFS include:
- Massive resource: Ore reserve of 28.56 million tonnes delineated from total resource of 298Mt –
- Long-term mine life: 30-year life-of-mine (from less than 10% of the total project resource of 298Mt)
- Project risk minimised: The proven and established salt roast processing method lowers project risks
- High-quality product: The PFS suggests a 1.0 Mtpa run-of-mine operation producing on average 9.525 tpa of vanadium pentoxide flakes at 99.5 weighted percent purity
- Low cost product: Over the life-of-mine the average combined total cost is estimated at US$3.28/lb V2O5, indicating one of the lowest-cost vanadium producers globally
- Robust project economics: Pay-back period of four years with a pre-tax NPV of US$418m (based on a 9% base case discount rate) and an IRR of 24.8% (pre-tax) using a conservative long-term US$:ZAR12.75 exchange rate and a real vanadium price of US$7.50/lb V2O5 (US$16.53/kg V2O5)
Chief Executive Fortune Mojapelo commented:
The results of the PFS confirm the emergence of Mokopane Vanadium as a market-leading vanadium project. Mokopane compares more than favourably with other leading vanadium deposits in the world, and this study defines its importance as a major asset, with strategic significance to the future market for vanadium.
For us, a notable take-away from this study points to its low-cash costs of production and significant market share for the Mokopane project – with run-of mine production contributing ~6% of global annualised vanadium output and ~50 % of South African output, thereby totally repositioning Bushveld in the vanadium market space.
Click here to read the full Bushveld Minerals Ltd. (LSE:BMN) press release.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.