Investment Case Bushveld is proposing to build an integrated mine and processing facility at a cost of US$298.1M to produce 9,525t pa of vanadium pentoxide (“V2O5”). This will utilise an ore reserve of 28.5Mt grading 1.41% V2O5 out of a total resource of 298Mt grading 0.68% V2O5.
At 1.41% V2O5 this would make the Mokopane project one of the highest grade vanadium mines in the world. The investment case rests on a combination of a high grade low cost mining reserve, a proven processing route (with several precedents in close proximity), a modest capex, as well as potential access to cheaper established processing facilities in
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