Flinders Mines’ Canegrass vanadium estimates lowered

Flinders Mines, the explorer responsible for the 700-square-kilometre Canegrass vanadium project in Western Australia, has lowered its project estimates after commissioning industry consultants to provide Canegrass for JORC 2012 compliance documentation.

The previous estimate, made according to now-outmoded JORC 2004 rules, and totalled 107 million tonnes (Mt)of ore at an average of 0.62 per cent vanadium.

The revised estimate for the still-promising prospect now stands at 79Mt inferred, with 59 million from the Fold Nose deposit and 20 million from the Kinks deposit with an average vanadium return of 0.64 per cent overall.

Flinders Mines executive director David McAdam said that the company was pleased with the results, saying that “the recent exploration results confirm that vanadium remains the primary economic commodity of interest in the Canegrass project.”

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