China Vanadium Pentoxide Market Prices On 11 April 2023
Product
Region
Spec.
Price
Change
Unit
Basis
V2O5 Flake
—
98%
140000
—
CNY/Ton
Acceptance with tax, large factories
Hebei
98%
124000-125000
↓3000
CNY/Ton
Cash with tax, retailers
Shaanxi
98%
124000-125000
↓3000
Henan
98%
124000-125000
↓3000
Liaoning
98%
124000-125000
↓3000
Sichuan
98%
124000-125000
↓3000
V2O5 Powder
Hubei and Hunan
98%(metallurgical grade)
123000-124000
↓3000
CNY/Ton
Cash with tax
98%(chemical grade)
131000-132000
↓2000
99%(chemical grade)
133000-136000
↓1500
Hebei
98% (low silicon and low iron)
142000
—
CNY/Ton
Acceptance with tax
99%
137000
—
99.5%(low silicon and low iron)
167000
—
www.ferroalloynet.com
Bushveld Minerals (LON:BMN) Stock Price Crosses Above 200 Day Moving Average Of $5.10
Bushveld Minerals Limited (LON:BMN – Get Rating)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 5.10 ($0.06) and traded as high as GBX 5.59 ($0.07). Bushveld Minerals shares last traded at GBX 5.24 ($0.06), with a volume of 8,965,177 shares.
Bushveld Minerals Stock Performance
The company’s fifty day simple moving average is GBX 4.84 and its two-hundred day simple moving average is GBX 5.10. The stock has a market capitalization of £69.12 million and a P/E ratio of -1.75. The company has a debt-to-equity ratio of 54.61, a quick ratio of 0.58 and a current ratio of 1.53.
Bushveld Minerals Company Profile
Bushveld Minerals Limited operates as an integrated primary vanadium producer for the steel, energy, and chemical sectors. The company is involved in mining and processing vanadium ores; and developing and promoting vanadium in the energy storage market through the advancement of vanadium-based energy storage systems, primarily vanadium redox flow batteries.
www.ferroalloynet.com
Brookfield To Enter 161Mw/644MWh Battery Project In Ontario Ieso Tender
A subsidiary of Canadian renewable energy investor Brookfield Renewable has proposed a 161MW/644MWh battery storage system to compete in an Ontario grid operator Request for Proposals (RfP).
Evolugen, a developer and energy asset owner wholly owned by Brookfield, presented its plan for Timberwolf, a battery energy storage system (BESS) to be built near the city of Sault Ste Marie, to the city’s council on Monday (11 July).
The lithium iron phosphate (LFP) battery storage project would occupy 10 acres of land co-located with Evolugen’s existing 189MW Prince Wind power plant, about 15km outside Sault Ste Marie. Development, construction and commissioning would represent around CA$300 million (US$230.5 million) total investment.
It would increase the supply and reliability of electricity from the grid in the Sault Ste Marie area while creating local job opportunities and delivering inward investment at a time of post-pandemic economic recovery, the company claimed.
Evolugen VP of trading and marketing Simon Laroche noted that the proposed project will only go ahead if it is successful in the Long-Term Request for Proposals (LT RFP) being launched by the Ontario Independent Electricity System Operator (IESO).
IESO is seeking 1,000MW of new capacity to come online between 2025 and 2027. The province is facing the retirement of Pickering, a nuclear power plant, and planned outages for other nuclear facilities.
Along with forecasted energy demand growth, this means the IESO is expecting to see a shortfall in electricity of between 4,000MW and 6,000MW by 2030 if nothing is done. As noted in a March entry on the blog of consultancy group Power Advisory, the system operator expects the need for capacity additions will begin to bite by 2025.
Evolugen’s Laroche noted that the project would therefore run to very tight and short timelines. Power Advisory noted back in March that the expedited RFP allowed for so little time that it made the building of new generation assets unlikely within the earlier part of the window. Battery storage, which can be built much quicker however, would likely play a significant role, the group said.
Timberwolf would be one of the bigger projects built in Canada, which has largely to date lagged behind its southern neighbour in battery storage rollout. Ontario has seen a fairly big rollout of behind-the-meter storage at large industrial facilities which reduce their electricity costs through peak shaving, but grid-scale storage development has been limited. Another province, Alberta, is starting to see development of renewables-plus-storage in particular with a handful of high profile projects but is still at an early stage.
Evolugen said it required the support of the local municipal council and to demonstrate community consultations had taken place for eligibility to enter IESO contracts. Laroche said feedback at community engagement sessions had been good thus far.
The only question asked by the council about the project was for further comment on the community engagement sessions. Evolugen VP for government and external relations Remi Moreau conceded that while there hadn’t been many people in attendance, the company received feedback from six attendees. Each of those had been interested in working directly on, or contracting to work with Evolugen, on the project, Moreau said.
The council unanimously ruled in favour of the Timberwolf project, clearing a major hurdle for the developer.
Evolugen’s parent company is becoming a major player in international stationary battery storage markets. An affiliate of Brookfield Asset Management, Brookfield Renewable tripled its US development pipeline across all renewable technologies when it bought out developer Urban Grid, acquiring 13GW of utility-scale solar PV and 7GW of battery storage projects in the process.
A few days after sister site PV Tech reported the US$650 million Urban Grid acquisition in February, Brookfield Renewable announced its first foray into the UK’s battery storage market, targeting 985MW of opportunities with developer Cambridge Power.
www.ferroalloynet.com
Shaogang VN Alloy Bidding Price On 26 September 2021
Product
Spec.
Price (CNY/TON)
Quantity (ton)
Basis
Vanadium-nitrogen
VN16
143,000
60
Acceptance with tax
www.ferroalloynet.com
China Vanadium Pentoxide Import And Export Statistics 202105
Please visit for more information http://www.asianmetal.com/news/1694630/China-vanadium-pentoxide-import-and-export-statistics-202105/17
Chinese Ammonium Metavanadate Prices Maintain Strong
Please visit for more information http://www.asianmetal.com/news/1679485/Chinese-ammonium-metavanadate-prices-maintain-strong/14
China’s 4 Ferrovanadium Producers Stopped Operation In Apr
Please visit for more information http://www.asianmetal.com/news/1674649/Chinas-4-ferrovanadium-producers-stopped-operation-in-Apr/33
Canada’s Ferro-Vanadium Export Volume Fell 14.39% MoM In Dec 2020
Please visit for more information http://www.asianmetal.com/news/data/1664319/Canada’s%20ferro-vanadium%20export%20volume%20fell%2014.39%20MoM%20in%20Dec%202020
China Top Five Ferrovanadium Producers By Operating Rate In Mar
Please visit for more information http://www.asianmetal.com/news/data/1660389/China%20top%20five%20ferrovanadium%20producers%20by%20operating%20rate%20in%20Mar
Chinese Ammonium Metavanadate Prices Stay Firm
Please visit for more information http://www.asianmetal.com/news/data/1659261/7/Chinese%20ammonium%20metavanadate%20prices%20stay%20firm
TNG Limited :Mount Peake Project Awarded Major Project Status By The Australian Federal Government
Key Points
• World-class strategic metals asset vertically integrated from production to market with a mine and processing facility life of 37 years to be developed and located in the Northern Territory.
• Significant new infrastructure for the Northern Territory including a mining operation and Beneficiation Plant north of Alice Springs and a TIVAN® Processing Facility to be located at the Middle Arm Precinct in Darwin.
• Important value-adding downstream component through the use of the TNG’s proprietary TIVAN® Process.
• Forecast production of 100ktpa of titanium pigment (for paints and coatings), 6ktpa of vanadium pentoxide (for steel strengthening, alloys and vanadium redox flow batteries (“VRFB”)) and 500ktpa of iron oxide (for steel).
• Expect to create up to an estimated 1,6001 jobs during construction and up to an estimated 1,0001 long-term jobs during operations.
• Outstanding network of Tier-1 global strategic partners and off-take customers already in place.
• Front-end engineering and design (“FEED”) study nearing completion.
• Significant green energy component planned with VRFBs and Hydrogen production.
Australian resource and mineral processing technology company TNG Limited (ASX: TNG) (“TNG” or the “Company”) is pleased to announce that the Minister for Industry, Science and Technology, the Honourable Karen Andrews MP, has awarded Federal Major Project Statusto TNG’s 100%-owned Mount Peake Vanadium-TitaniumIron Project (“Mount Peake Project” or the “Project”) in the Northern Territory.
The grant of Federal Major Project Status by the Australian Government is a recognition of the strategic significance of the Mount Peake Project to Australia as it is expected to grow and diversify Australia’s critical minerals resources and contribute to the economic development of the Northern Territory.
The Mount Peake Project is a world-scale strategic metals asset that is intended to be developed across two separate sites in the Northern Territory with a mine and processing facility life of 37 years, and an initial significant capital investment 1 and jobs creation to deliver the Project.
The Project is expected to deliver substantial new infrastructure in the Northern Territory including a mining operation, Beneficiation Plant and TIVAN® Processing Facility, as well as supporting non-processing infrastructure
additions and upgrades, including haul roads, logistics infrastructure, utilities infrastructure and office/camp facilities.
The TIVAN® Processing Facility is proposed to be located at the Middle Arm Precinct in Darwin, which has recently been recognised as a nationally significant investment priority area by Infrastructure Australia.
The Company is developing the TIVAN® process to overcome limitations of the conventional processing of titanomagnetite, using a unique and optimised combination of existing pyro and hydrometallurgical processes enabling the maximum value to be extracted.
The TIVAN® process is 100% owned by TNG and is protected by a series of global patents. The process utilises new technology designed in Australia and overseas to reduce its environmental footprint and in a low carbon operation. The development of the Mount Peake Project is expected to create up to an estimated 1,6002 jobs during the construction phase and up to an estimated 1,0002 long-term jobs during the operational phase.
The Company is targeting annual production of 100,000 tonnes of titanium pigment (the base material for outdoor paints and coating), 6,000 tonnes of vanadium pentoxide (for use in steel strengthening and alloys and VRFBs) and
500,000 tonnes of iron oxide (for use in steel production) making this a world class multi-commodity resource with in country value adding.
The current status of the Project is that TNG is progressing a FEED study with the leading German-based engineering firm SMS group, which will provide confirmation of the final capital expenditure required for the Beneficiation Plant and the TIVAN® Processing Facility which will then lead to an Engineering Procurement Construction (“EPC”) proposal for delivery.
In parallel with the FEED study and as part of the Company’s vertical integration strategy for the Mount Peake Project, TNG is advancing its green energy strategy with the establishment of a VRFB business unit and a joint
partnership with SMS group to develop a carbon-neutral hydrogen production technology to be applied to the TIVAN® process.
The Mount Peake Project also has Major Project Status from the Northern Territory Government.
About TNG
TNG is a Perth based resource and mineral processing technology company focussing on building a world-scale strategic metals business based on its flagship 100%-owned Mount Peake Vanadium-Titanium-Iron Project in the Northern Territory. Located 235km north of Alice Springs, Mount Peake will be a long-life project producing a suite of high-quality, high-purity strategic products for global markets including vanadium pentoxide, titanium dioxide pigment and iron ore fines. The project, which is expected to be a top-10 global producer, has received Major Project Facilitation status from the Northern Territory Government
www.ferroalloynet.com
V2O5 Transaction Report On 22 Oct 2020
Product
Spec.
Volume(Ton)
Transaction Price
Transaction Time
Basis
V2O5
98% flake
32 tons
84000 Yuan/ton, cash with tax
22 Oct
Sichuan(sell)
www.ferroalloynet.com
Silver Elephant Acquires Silver Project Bordering Historic 350 Million Silver oz Malku Khota Project
On September 8, 2020, Silver Elephant Mining Corp. (“Silver Elephant” or “Company”) (TSX: ELEF, OTCQX:SILEF, Frankfurt:1P2N) announces that it has entered into a binding sales and purchase agreement (“SPA”) with a private party (“Vendor”) to acquire the Sunawayo silver-lead mining project (“Sunawayo”) located immediately adjacent to the Malku Khota silver project in Bolivia. Malku Khota has a historic (2011) resource of 350 million oz of silver contained in its greenfield Wara, Sucre, and Limnosa deposits, which are only 200 meters southeast of the Sunawayo border (Southeast border). (Cited historic resource estimates are not current mineral resources or mineral reserves.)
Malku Khota Historic Resource
Historic Resource
Resource (Mtonnes)
Silver (Moz)
Indium (Tonnes)
Gallium (Tonnes)
Zinc (MLbs)
Lead (MLbs)
Measured & Indicated
255.0
230.3
1481.0
1082.0
246.8
453.3
Inferred
230.0
140.0
935.0
1001.0
246.2
362.2
Sunawayo is patented land which Silver Elephant has acquired through the SPA, whereas Malku Khota is unpatented land administered by the government’s Corporación Minera de Bolivia (COMIBOL). In January 2020, Silver Elephant applied for a mining production contract (MPC) with COMIBOL that would give it the rights to mine and explore Malku Khota. The application was received by COMIBOL and is under review.
The purchase of Sunawayo includes a fully permitted 100 ton-per-day open-pit mining operation that produces a lead concentrate. Sunawayo has a strike of 17 km which covers 59.5 square km of prospective area. Sunawayo has ready access to water and power. And by road it is 165 km from Bolivia’s 5th largest city, Oruro.
Joaquin Merino, VP for South America Operations, states:
“A combined Sunawayo-Malku Khota district would feature a 34 km property extent encompassing an area of over 110 square kilometers. We believe the district is situated within a very large hydrothermal system that produced the Malku Khota sedimentary exhalative (Sedex) deposit comprising a historic resource of 350 million oz silver based on 42,704 meters of drilling that took place between 2007 and 2010. The district is remarkably under-explored. Roughly 3.5 km of strike have been drilled from the Southeast border into Malku Khota project, yet the Malku Khota lithological trend and host-sandstone units extend for another 8 km northwest into Sunawayo without receiving a single exploration drill hole. The current mine pit (approximately 180m by 75m) is located 10 km northwest of the Southeast border and the pit has also never been drill-tested.”
Forty-eight samples, spanning 11 km, were taken at Sunawayo, where multitudes of visible mineralization were observed during a recent site visit. Assay results are expected in early October. Visit www.silverelef.com for project maps, photos, and a presentation.
About Sedex Deposits
Sedex-style Pb–Zn–Ag deposits account for 50% of the world’s lead and zinc reserves and 30% of the world’s silver resources, according to 2019 USGS and GSGS Global Data. Large, regional scale Sedex systems can span hundreds of kilometers, forming large tonnage deposits.
Examples are:
Teck’s Red Dog mine is the USA’s largest silver producer, producing 6.6 million oz silver annually, along with 1.2 billion pounds of zinc and 226 million pounds of lead.
Glencore’s Mount Isa mine has proven and probable reserves of 97 million tonnes at 7.0% zinc, 3.3% lead, and 60 g/t silver within measured and indicated resources of 419 million tonnes at 7% zinc, 3.7% lead and 67 g/t silver. It has been in operation since 1923.
Teck’s former Sullivan mine in British Columbia, Canada has in its lifetime produced 160 million tons of ore containing 8 million tons (16 billion pounds) of lead, 7 million tons (14 billion pounds) of zinc, and 285 million oz of silver. After 92 years of active production, the Sullivan mine was closed in 2001.
Malku Khota was described in the May 2011 technical report by GeoVector management as a Sedex-style deposit with a late hydrothermal overprint associated with the uplift of the Bolivian Altiplano which has endowed the deposit with indium and gallium in addition to silver, lead, and zinc.
Indium and Gallium:
Indium Price (US$10/oz)
A excellent conductor, Indium tin oxide (ITO, 85% of Indium consumption) is critical part of touch screens, flat screen TVs and solar panels. Gallium (94% from China) is used in diodes and analog electronics
Proposed Transaction Summary
Subject to the provisions of the SPA, the Vendor agrees to irrevocably transfer the mining rights of the Sunawayo to Silver Elephant upon the latter’s paying it $6,500,000. That payment will consist of $300,000 on SPA signing with the remaining $6,200,000 to be paid in cash over a one-year period in twelve equal monthly installments, starting March 1, 2021.
Closing Remarks
Silver Elephant’s goal is to explore near the Southeast border, in and around the current open pit mine, and along the 8 km Malku Khota lithological trend within sandstone units at Sunawayo. In parallel, the Company continues to advance a mining production contract application with COMIBOL for the rights to mine and explore Malku Khota.
Silver Elephant has amassed a large silver resource portfolio, consisting of:
Silver: Sunawayo (59.5 km2), within 200 meters of Malku Khota’s historical 350-million-oz Sedex-style silver deposit. Sunawayo is fully permitted for a 100 tpd mining operation.
Silver: Pulacayo (35.5 km2), with 93,311 meters drilling. An updated resource estimate is expected in September. Refer to Company news dated July 20.
Gold/silver: Triunfo (25.6 km2), with step-out drilling next to 95 meters grading 0.4 g/t Au, 22g/t Ag, 1% Pb+Zn. First batch of assay results is expected in October. Refer to Company news dated August 19.
Joaquin Merino, VP for South America Operations, further states:
“Bolivia has more than 5 centuries of proud mining tradition and is home to Cerro Rico and Pulacayo, two of world’s largest silver mines, based on historical production. I have been working in Bolivia since 2005 and we are thrilled to explore these elephant-sized silver projects at this exciting time of rising silver prices in a country opening up to investors after a decade of under-investment.”
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Qualified Person
The technical contents of this news release have been prepared under the supervision of Danniel Oosterman, VP Exploration. Mr. Oosterman is not independent of the Company in that he is employed by it. Mr. Oosterman is a qualified person (“QP”) as defined by the guidelines in NI 43-101. Historic resource numbers for the Malku Khota project cited in this release are taken from the May 10th, 2011 Technical Report completed by Geovector Management Inc., AGP Mining Consultants, and Pennstrom Consulting. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserve, and the Company is not treating the historical estimate as current mineral resources or mineral reserves.
Certain statements contained in this news release, including statements which may contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, and statements related to matters which are not historical facts are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements, which reflect management’s expectations regarding Company’s future growth, results of operations, performance, and business prospects and opportunities, are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements.
These factors should be considered carefully, and readers should not place undue reliance on the Company’s forward-looking statements. The Company believes that the expectations reflected in the forward-looking statements contained in this news release and the documents incorporated by reference herein are reasonable, but no assurance can be given that these expectations will prove to be correct. In addition, although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events, or results not to be as anticipated, estimated, or intended. The Company undertakes no obligation to publicly release any future revisions to forward-looking statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated events, except as expressly required by law.
Silver Elephant: 37 Triunfo Samples Assayed Up to 8.3 g/t AuEq, Drilling Commences Today
Vancouver, British Columbia, August 19, 2020 – Silver Elephant Mining Corp. (“Silver Elephant” or “the Company”) (TSX: ELEF, OTCQX:SILEF, Frankfurt:1P2N) announces that it has received its first chip sampling results on its recently acquired polymetallic (gold, silver, zinc & lead) El Triunfo Project in Bolivia.
A total of 103 chip samples were collected from outcrops at surface and from underground adits and tunnels accessing the main east-west mineralized trend. The width of the samples varies from 1.0 to 5.3m, exhibiting an
average width of 2.5m.
These results confirm that the El Triunfo project exhibits near-surface Au-Ag-Pb-Zn mineralization where gold and silver account for a majority of the value.
Sampling was conducted on two priority areas, known as Block A and Block B. These 2 contiguous blocks, located at the western portion of the property, span a total strike length of 750m at various widths from 20 to 100 m. Artisanal mining has been developed along predominantly east-west mineralized trends in the area (please refer to Company’s news release dated July 13th, 2020).
The sampling returned significant results from both Blocks. Table 1 shows the assay results, equal to and over 1.0 g/t Au Equivalent which represent over 36% of the samples (37 / 103).
ID
BLOCK
SAMP_TYPE
WIDTH
(m)
Au
(g/t)
Ag
(g/t)
Pb
(%)
Zn
(%)
Au Equiv
(g/t)
Ag Equiv
(g/t)
46506
A
chip channel
3.90
2.22
113.00
3.46
0.12
8.30
813.94
46505
A
chip channel
2.00
3.70
29.30
1.34
0.06
8.22
805.86
46504
A
chip channel
2.10
0.89
68.70
2.52
1.82
5.58
547.21
46503
A
chip channel
2.20
1.27
64.00
1.93
0.13
4.74
465.03
46502
A
chip channel
3.80
0.62
55.20
2.34
1.08
4.23
414.86
46501
A
chip channel
2.30
0.21
75.10
2.61
1.29
4.14
406.07
46299
A
chip channel
2.80
1.86
24.60
0.00
0.02
3.93
385.39
46298
A
chip channel
2.30
0.59
35.40
1.42
1.76
3.73
365.50
46297
A
chip channel
2.00
1.56
39.50
0.00
0.01
3.65
357.77
46296
A
chip channel
2.40
0.69
95.80
0.00
0.01
3.10
303.82
46295
A
chip channel
2.10
1.55
5.50
0.00
0.00
2.98
292.64
46294
A
chip channel
3.00
0.19
45.70
2.88
0.14
2.94
288.56
46293
A
chip channel
1.30
1.29
15.10
0.34
0.03
2.89
283.91
46292
A
chip channel
2.60
0.70
75.40
0.00
0.04
2.75
269.70
46291
A
chip channel
2.00
0.29
42.00
1.88
0.45
2.70
264.59
46290
A
chip channel
2.00
0.33
46.60
1.76
0.10
2.56
250.73
46289
A
chip channel
1.00
0.82
30.80
0.54
0.02
2.42
237.84
46288
A
chip channel
1.70
0.04
20.00
0.53
2.23
2.22
217.89
46287
A
chip channel
1.00
0.70
30.00
0.35
0.11
2.14
209.93
46286
A
chip channel
3.40
1.00
14.20
0.00
0.00
2.13
208.64
46285
A
chip channel
3.00
1.08
5.40
0.00
0.00
2.11
206.82
46284
A
chip channel
2.00
0.43
25.20
1.02
0.37
2.10
205.63
46283
A
chip channel
2.20
0.92
5.90
0.00
0.00
1.82
178.46
46282
A
chip channel
1.30
0.94
1.90
0.00
0.00
1.78
174.77
46281
A
chip channel
1.50
0.49
42.10
0.00
0.01
1.71
167.73
46279
A
chip channel
2.40
0.76
13.70
0.00
0.00
1.67
164.16
46278
A
chip channel
2.00
0.33
17.00
0.59
0.41
1.54
151.10
46277
A
chip channel
2.10
0.55
26.40
0.00
0.00
1.52
149.28
46276
A
chip channel
2.00
0.29
15.50
0.54
0.23
1.29
126.13
46275
A
chip channel
2.00
0.47
6.20
0.25
0.23
1.28
125.73
46274
A
chip channel
4.00
0.63
1.50
0.00
0.00
1.20
117.52
46273
A
chip channel
2.30
0.59
3.70
0.00
0.00
1.17
114.48
46272
A
chip channel
2.90
0.55
4.10
0.00
0.01
1.11
108.53
46271
A
chip channel
2.00
0.23
10.70
0.30
0.36
1.04
101.91
46270
A
chip channel
2.40
0.43
9.00
0.02
0.02
0.99
96.87
46269
A
chip channel
2.50
0.05
22.70
0.25
0.46
0.97
94.82
Denser sets of veins and veinlets hosted by shales and quartzites appear to correlate with higher grades. The strike lengths of these mineralized trends have been recognized as continuing along several hundreds of meters at surface.
The Company’s initial drill program, which started this Wednesday and is fully funded by recent warrant exercises, entails 4 holes total 1,000 meters that may be expanded.
The drilling will step out to the east and west of historic drill hole TR001 on Block B. TR001 had returned assay results of 94.2 meters grading 0.39 g/t Au, 21.8 g/t Ag 0.65%Pb, 0.39% Zn , and (0.95 gpt AuEq*), according to Solitario Resources SEC 10K filings in 2008.
District geological mapping and geophysics is also planned, as the host and accessory mineral properties associated with the mineralization at El Triunfo can be detected by geophysical imaging methods such as induced polarization (IP).
(*) Gold equivalent calculation uses a gold price of $1,795, a zinc price of $0.93, a lead price of $0.80, and a silver price of $18.30 (all USD), and assumes a 100% metallurgical recovery. Gold equivalent values can be calculated using the following formula: AuEq = Au g/t + (Ag g/t x 0.0102) + (Zn % x 0.3551) + (Pb % x 0.3055).
Qualified Person
The technical contents of this news release have been prepared under the supervision of Danniel Oosterman, VP Exploration. Mr. Oosterman is not independent of the Company in that he is employed by it. Mr. Oosterman is a qualified person (“QP”) as defined by the guidelines in NI 43-101.
Quality Assurance and Quality Control
Silver Elephant adopts industry-recognized best practices in its implementation of QA/QC methods. Rock chip samples average between 5-7 kg. Samples are shipped to ALS Global Laboratories in Ururo, Bolivia for preparation and then shipped to ALS Global laboratories in Lima, Peru for analysis. Samples are analyzed using Intermediate Level Four Acid Digestion. Silver overlimits (“ore grade”) are analyzed using fire assay with a gravimetric finish. The ALS Laboratories sample management system meets all the requirements of International Standards ISO/IEC 17025:2017 and ISO 9001:2015. All ALS geochemical hub laboratories are accredited to ISO/IEC 17025:2017 for specific analytical procedures. A geochemical standard control samples are inserted into the sample stream. The laboratory also includes duplicates of samples, standards and blanks for additional QA/QC. Check assays are reviewed prior to the release of data. Assays are also reviewed for their geological context and checked against field descriptions.
About Silver Elephant
Silver Elephant is developing its premier Pulacayo silver project and Triunfo gold-silver project in Bolivia. Further information on Silver Elephant can be found at www.silverelef.com.
SILVER ELEPHANT MINING CORP.
ON BEHALF OF THE BOARD
“John Lee”
Executive Chairman
For more information about Silver Elephant, please contact Investor Relations:
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Jangada Mines Loss Widens On Costs, Focuses On Project Development
Natural resources company Jangada Mines PLC said Tuesday its pretax loss widened, due to its share of losses from its associates, as it continues the development of the Pitombeiras vanadium project in Brazil.
For the six months to the end of December, Jangada’s pretax loss widened to USD873,000 from USD701,000 the same period the year before, due to a one-off charge of USD266,000, from the group’s share of losses from associates.
Administration expenses, meanwhile, dropped to USD605,000 from USD701,000 the year before. Jangada Mines posted no revenue as it continues to develop its projects in South America.
During the period, the group established the mineral potential of the Pitombeiras project, estimating a JORC exploration target of between 40 million tonnes to 60 million tonnes at 0.3% to 0.6% of vanadium oxide, 40% to 55% iron oxide and 8% to 10% of titanium dioxide.
Looking ahead, Jangada will focus on establishing a JORC-compliant mineral resource estimate for the project.
“We are now focussed on unlocking the inherent value of Pitombeiras for the benefit of all stakeholders. To this end, we have a clear development path thanks to a defined exploration programme. The ramp up of activity at Pitombeiras is undoubtedly timely given the favourable market dynamics that are placing increasing demand on clean energy materials such as vanadium. We look forward to sharing more exploration results in due course,” said Executive Chair Brain McMaster.
www.ferroalloynet.com
Ferro-vanadium By Country Exp Dec 2019 Japan
BEIJING(Asian Metal) 13 Feb 2020
Country/Region
unit
Dec
amount unit: ( 1000Jpy )
Jan-Dec
Quantity
Amount
Quantity
Amount
TOTAL
KG
57022
88558
900709
2486629
103 R KOREA
KG
–
–
350
1782
105 CHINA
KG
24049
37782
102184
162574
106 TAIWAN
KG
–
–
200
1668
111 THAILND
KG
2373
12479
25731
229934
117 PHILPIN
KG
–
–
450
2258
118 INDNSIA
KG
–
–
150
1971
123 INDIA
KG
30000
34681
175000
303212
213 GERMANY
KG
–
–
44
315
224 RUSSIA
KG
–
–
3000
3394
304 USA
KG
600
3616
453600
1385185
410 BRAZIL
KG
–
–
140000
394336
www.asianmetal.com
VN Alloy Producers Output Rank In January 2020
Company
Furnace model
Monthly capacity(ton)
Running Furnace
Monthly output(ton)
Rank
Pangang Vanadium and Titanium Resources Co., Ltd.Panzhihua Vanadium Products Factory
Pusher kiln
600
6
800
1
Shaanxi Fengyuan Vanadium Technology Development Co., Ltd
Pusher kiln6
800
5
400
2
Hunan Zhongxin New Materials Technology Co.,Ltd
Pusher kiln6
150
2
400
2
Chengde Jianlong Special Steel Co., Ltd.
Pusher kiln
500
3
380
3
HBIS Chengde Vanadium Titanium New Material Co., Ltd.
Pusher kiln(4)shaft furnace
200
3
300
4
Shaanxi Huayin Technology Co., Ltd
Pusher kiln
300
3
240
5
Hubei Jingyang Technology Co., Ltd
Pusher kiln6(4)
300
2
210
6
Shaanxi Wuzhou Mining Co., Ltd.
Pusher kiln6
600
3
200
7
Henan Yuqianxin Metal Technology Co.,Ltd
Pusher kiln4
300
2
200
7
CNMC Ningxia Orient Group Co., Ltd
Pusher kiln
300
4
150
8
Jiangxi Jiujiang Vanadium New Materials Co., Ltd.
Pusher kiln
200
1
150
8
Jiangsu Yuxin Technology Co., Ltd
Pusher kiln(3)
250
2
140
9
Jiangxi Tianqi New Materials Group Co., Ltd.
Pusher kiln
200
1
130
10
Xinjiang Zhonghao Vanadium Industry Technology Co., Ltd
Pusher kiln(4)
140
1
120
11
Chongyang Xinrui Vanadium Industry Co., Ltd
Pusher kiln
200
1
120
11
Chongyang Ocean Vanadium Industry Co., Ltd.
Pusher kiln
200
2
120
11
Fujian Xinhangkai Materials Technology Co., Ltd.
Pusher kiln
120
1
120
11
Panjin Hexiang New Material Technology Co., Ltd.
Pusher kiln
100
1
120
11
Hebei kanggexin Technology Co., Ltd
Pusher kiln
100
1
100
12
Hebei Defeng Ferroalloy Factory
Pusher kiln
200
1
100
12
Shaanxi zhongvanadium Changsheng New Material Technology Co., Ltd
