About us
VR8 is a junior vanadium developer who owns 74% of the world class, tier 1, Steelpoortdrift Vanadium licensed mining project in Limpopo Province, South Africa. The Steelpoortdrift titaniferous magnetite deposit is located in the prolific Bushveld Geological Complex within a known mineral and vanadium producing area within reach of proven processing plants, railway and road options and ports.
The Steelpoortdrift mining project is the world’s largest undeveloped vanadium deposit with a Measured, Indicated and Inferred JORC resource of 662 Mt @ 0.77% V2O5 (in situ grade), incl. 188 Mt @ 1.23% V2O5 with an in-magnetite grade of c. 2.2% V2O5.
The Company is in the process of completing a DFS over the project. The PFS completed in June 2021 showed a post-tax NPV8% of US$1.2B (based on 100%), average Free Cash Flow of US$139M/year, IRR of 45%, 25 months payback and >25-year mine life based on a Vanadium price of US$9.03/lb, Pre-Production Capex of US$200M (including 15% contingency) and average unit cash operating costs of US$3.08/lb.
View Latest Investor Presentation
The Assay TV : Interview at the Mining Indaba May 2021 with Jurie Wessels, Executive Chairman, Vanadium Resources (ASX:VR8)
The Proactive Investor: Vanadium Resources puts vanadium in the spotlight at Steelpoortdrift project
The ASX Investor: Vanadium - Crucial Resource For Batteries Of The Future (VR8)
Latest
ASX announcements
VR8 appoints experienced MD to lead world-class project
05th December 2022
Results of Annual General Meeting
29th November 2022
Investor presentation November 2022
17th November 2022
Change of Director's Interest Notice
15th November 2022
Latest News
What’s fuelling the share price momentum of Vanadium Resources (ASX:VR8). READ ARTICLE >
The land of records: Australia's economy on the upswing again: Vanadium Resources, BHP Group, Fortescue Metals Group. READ ARTICLE >
Update on Steelpoortdrift development
VR8 increase ownership in significant battery mineral project
Insights into the upcoming projects of Vanadium Resources ASX:VR8
18 Minutes with Vanadium Resources