Bushveld declares maiden resource at Mokopane project
A maiden mineral resource estimate of 12.5-million tons at a grade of 0.7% vanadium pentoxide (V2O5) has been declared on the AB zone of Aim-listed Bushveld Minerals’ Mokopane vanadium project, in Limpopo.
"This confirms our expectations that the AB zone represents sig-nificant upside for the project. The exceptional concentrate grades, in excess of 2% V2O5, are about 20% higher than the main magnetite layer (MML) concentrate grades on which the scoping study and the prefeasibility study (PFS) have been based.
“This represents a significant additional mineral resource and, moreover, upside from the excellent vanadium grades that the testwork shows we can recover,” Bushveld CEO Fortune Mojapelo says.
The company adds that it will continue with the project’s PFS, based on the mineral resource defined on the MML.
It comprises studies for business case optimisation, studies to determine an optimum rate of mining, pit designs, tailings studies, infrastructure studies, processing flow sheet development and financial modelling.
It aims to complete the study before year-end, enabling it to focus on identifying routes to advance the project towards a definitive feasibility study, and to evaluate options to target early production.
Concurrently, Bushveld’s application for a mining right continues to progress, while an environmental-impact assess-ment has been completed, submitted to and accepted by the Department of Mineral Resources.
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