Vanadium Resources Limited (ASX:VR8) Steelpoortdrift and Tweefontein Projects Update

Vanadium Resources Limited is pleased to provide an update on the progress of the Steelpoortdrift Vanadium Project (the “Project”) in Limpopo, South Africa. Following the release of the Definitive Feasibility Study (“DFS”) in October 2022, the Company has been busy progressing various workstreams with respect to the development, construction, offtake and financing of the Project.

HIGHLIGHTS

– Environmental authorisations and water use licence applications progressing well with approval expected H1 CY2024

– Social and Labour Plan amendments submitted to regulators for review after receiving clear community encouragement and support