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VR8 is a junior exploration company which has the rights to 73.95% of a globally significant vanadium project (the SPD Project).
Vanadium intersections in drilling at the SPD Project have returned >1% V2O5 with associated titanium mineralisation in magnetite units. Grade in concentrate (magnetic separates) averages 2% V2O5 and 13% TiO2. Drilling has been used to estimate an Inferred JORC Resource of 588Mt at a grade of 0.78% V2O5 as detailed here. Drilling and other activities are underway on site with the aim of fast tracking near term production.
VR8 also owns 100% of 3 projects located in the Pilbara region, Western Australia. High grade zinc-copper mineralisation has previously been intersected in drilling at the Quartz Bore Project while the Mt Sydney Project is located along strike from Rumble Resources' Braeside Project.