Flinders Mines (ASX:FMS) is pleased to advise that the Canegrass Project Vanadium Mineral Resource estimate has been re-assessed and reported in accordance with the JORC Code (2012 Edition) . FMS commissioned mining industry consultants CSA Global to review the existing Mineral Resource estimate and prepare documentation in accordance with the JORC Code (2012 Edition).
The Canegrass Vanadium Mineral Resource estimate was previously reported in accordance with the 2004 Edition of the JORC Code, and totalled 107 Mt @ 0.62% V2O5, 5.83% TiO2 and 28.98% Fe. The difference in tonnage is due to CSA Global reporting the existing block model above 210 m RL, which effectively removed all blocks at a depth greater than 250 m below surface.
FMS Executive Director David McAdam said:
“Flinders Mines is pleased to announce that the new Canegrass Vanadium Mineral Resource estimate has been reported in accordance with the JORC Code (2012 Edition). Furthermore, the recent exploration results confirm that vanadium remains the primary economic commodity of interest in the Canegrass Project.”