Brits

Asset Summary

Asset Highlights

• Exposure to a world-class, high-grade, outcropping vanadium resource, located adjacent to the Vametco Mine and within 3.5km from the Vametco Processing Facility.
• The JORC compliant Competent Person’s Report published in January 2020 showed an aggregate Inferred and Indicated Mineral Resource distributed across three seams of 66.8 Mt @ 1.58 % V2O5 in-magnetite.
• As Bushveld expands its annual vanadium output, Brits provides potential additional ore feed to Bushveld’s Vametco Facility and their Vanchem Processing Facility.
• Bushveld’s 2020 production guidance for Vametco is 2,700 mtV – 2,850 mtV, with plans for a production ramp-up to 4,200 mtV per annum, subject to a definitive feasibility study; and 2020 guidance for Vanchem of 960 mtV – 1,100 mtV (currently being ramped-up via a 3-phase programme to >4,200 mtV per annum).⁽¹⁾⁽²⁾
• Unique exposure to globally significant vanadium producer in Bushveld Minerals, 1 of only 3 operating primary vanadium producers, owning 2 of the world’s 4 operating primary vanadium processing facilities.
• Further information can be found at this website: Bushveld Vanadium – Bushveld Minerals