Airijoki vanadium project, Sweden
Name of the Project
Airijoki vanadium project.
Location
Sweden.
Project Owner/s
Pursuit Minerals.
Project Description
A scoping study has determined that the Airijoki project will generate excellent returns.
The Airijoki resource comprises four zones (A to D) and total resources of 44.3-million tonnes at an in situ grade of 0.4% vanadium pentoxide.
The conceptual modelling for the project proposes four openpits to produce high-grade vanadium magnetite concentrate, which will be transported to Rotterdam for sale to international markets.
Potential Job Creation
None stated.
Net Present Value/Internal Rate of Return
Pursuit is unable to report net present values at this time.
Capital Expenditure
Not stated.
Planned Start/End Date
Not stated.
Latest Developments
Planning is under way for an infill drilling programme to start in September 2019.
The programme will represent the start of a definitive feasibility study on the project, which is scheduled for completion in the second half of 2020.
Key Contracts and Suppliers
SRK (scoping study) and ALS Metallurgy (metallurgical tests).
On Budget and on Time?
Not stated.
Contact Details for Project Information
Pursuit Minerals, tel +61 7 3708 1013 or email info@pursuitminerals.com.au.
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