SPD VANADIUM PROJECT
SPD VANADIUM PROJECT
SPD VANADIUM PROJECT
SPD VANADIUM PROJECT
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)

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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

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Our Projects

Mineral Resource
South Africa

Mineral Resource

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Geological Setting
South Africa

Geological Setting

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