At VR8, we are committed to becoming a low-cost producer of vanadium, advancing our world-class Steelpoortdrift Vanadium Project from development into production and real-world application. Our goal is to deliver a reliable and secure supply of vanadium to meet the growing demands of global markets.

Our flagship Steelpoortdrift Vanadium Project consists of the Steelpoortdrift Mine, Concentrator Plant, and Salt Roast Leach Processing Plant. The project is strategically located within the globally renowned Bushveld Geological Complex and Steelpoort Valley, home to several world-class mining and processing operations.

The Steelpoortdrift Project hosts a substantial vanadium deposit capable of supporting production for generations to come, with:

• JORC Mineral Resource Estimate of 680 million tons at an average in-situ grade of 0.70% V₂O₅ (equivalent to 4.74 million tons of contained metal), and; 
• a Proved and Probable Ore Reserve of 77 million tons at an average in-situ grade of 0.72% V₂O₅ (equivalent to 0.55 million tons of contained metal).  

According to the Steelpoortdrift Vanadium Project’s Definitive Feasibility Study (DFS) completed in 2022, vanadium rich concentrate from the Steelpoortdrift Mine & Concentrator will be processed at the Salt Roast Leach plant, with an average annual production capacity of 19,400t of Vanadium Pentoxide (V₂O₅) flake at 98% purity. At the proposed throughput rates, the Steelpoortdrift Project has the potential to sustain production at this level for an estimated 180-year mine life.

Since completing the Definitive Feasibility Study, we have identified further opportunities to optimise vanadium production, including the potential to achieve higher-purity V₂O₅ grades of up to 99.5%. This level of purity is ideally suited for applications in the energy storage sector, particularly in the rapidly growing Vanadium Flow Battery (VFB) market.

Leveraging our extensive industry knowledge and operational expertise, we are committed to becoming a sustainable, reliable supplier of vanadium to support the global energy transition. Our goal is to drive innovation in vanadium applications across energy storage, infrastructure development, and beyond, helping to power a cleaner, more resilient future.