Prophecy Development (“Prophecy” or the “Company”) (TSX:PCY, OTCPK:PRPCF, Frankfurt:1P2N) has received an independent technical report titled “Gibellini Vanadium Project Nevada, USA NI 43-101 Technical Report” with an effective date of November 10, 2017 (the “Report”) prepared by Amec Foster Wheeler E&C Services Inc. on the Gibellini vanadium project (the “Project”) which has been filed under the Company’s profile on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.
The Project is located in Eureka County, Nevada, about 25 miles south of the town of Eureka, and is easily accessed by a graded gravel road extending south from US Highway 50. Nevada is featured in the 2016 Fraser Institute survey of mining companies as the fourth most attractive jurisdiction for mining investment globally.
The Report describes resources according to category following the guidelines of the CIM Definition Standards for Mineral Resources and Mineral Reserves.
Two mineral resource estimates were prepared, one for the Gibellini deposit and the second for the Louie Hill deposit.