Vanadium Resources Ltd. (AU:VR8) has released an update.
Vanadium Resources Ltd. has enhanced its Steelpoortdrift Vanadium Project by optimizing plant designs and consolidating operations, which are anticipated to lower operational costs and expedite positive cash flow. Following a detailed internal review, the company has implemented improvements such as additional crushing and silica removal circuits, and repositioning the SRL plant, leading to reduced pre-production capital expenditures and streamlined operations. These strategic updates, coupled with strong community support, aim to establish Steelpoortdrift as a highly capital-efficient vanadium project with early concentrate production expected to begin in Q3 CY2025.
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