Reed Resources Vanadium Project CAPEX Slashed

Live Gold Silver Prices reported that the capital expenditure for Reed Resources’ (ASX:RDR) Barambie project will be lower than expected.

The market news is quoted as saying:

The direct construction costs and EPCM Fee estimate has been reduced from A$539 million to $439 million and the processing plant OPEX is also estimated to be 6% lower than the DFS, despite the strong Australian dollar.

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