A large vanadium deposit, plus several other strategic metals complete with a 30-year mine life. Viking Mines (ASX:VKA) Canegrass Project is shaping up to be an important polymetallic ore body.
The results of the pit optimisation study (POS) have proven extremely successful, outlining multiple open scenarios for each of the three deposits that make up the Canegrass Project. Plus the resource now includes copper, titanium, iron ore, nickel and cobalt.
Viking Mines MD and CEO Julian Woodcock, commenting on the March results of the POS says: “The results of the POS have exceeded my expectations and reaffirmed the company’s belief that there is substantial inherent value within this exceptional vanadium/magnetite project.
The study has delivered and appears robust, even at our most conservative scenario where only revenue from vanadium is assumed. Allowing for additional revenue from the iron, copper, nickel and cobalt further substantially reinforces the project.”
