Triton to fast track studies of vanadium mineralization at Nicanda Hill Project
Date:Jun 6, 2018
BEIJING (Asian Metal) 6 Jun 18 – On May 23, Australian-based Triton Minerals Limited announced that it will fast track studies on the vanadium mineralization at its 100% owned Nicanda Hill Project in Mozambique, a globally significant vanadium deposit.
The decision to advance Nicanda Hill project follows a successful independent review by CSA Global which confirmed the potential of the vanadium deposit and potential processing options.
Nicanda Hill project has a JORC Resource of 1.44 billion tonnes of vanadium at a grade of 0.29% V2O5. This resource is one of the world’s largest defined resources of vanadium and provides an opportunity to capitalize on the forecast shortage of vanadium in coming years evidenced by recent increases in the price of vanadium. In addition, it is one of the few vanadium deposits with a significant proportion (28%) of resource in the higher confidence levels of Measured and Indicated.
