Yellow Rock Needs AU$230 Million for Gabanintha Vanadium Project

Mining Weekly reported that a concept study completed by Yellow Rock Resources Ltd. (ASX:YRR) shows that bringing its Gabanintha vanadium project into production will cost AU$230 million.

As quoted in the market news:

The study estimated that a 2.1-million-tonne-a-year-throughput plant would result in vanadium production of 10 000 t/y, with the project estimated to have a mine life of more than 20 years.

With cash operating costs estimated at A$7.26/kg under the production scenario, Yellow Rock could become a competitive vanadium pentoxide producer.

Yellow Rock told shareholders on Monday that there was significant potential within the existing resource to increase the estimated grade of high-grade mineralisation domains by completing targeted infill drilling and using selective modelling techniques.

Click here to read the full Mining Weekly report.