|Interest||1.0% NSR Royalty|
|Commodity||Vanadium, Titanium, Iron Ore|
|Counterparty||Jangada Mines Plc.|
- Ptombeiras West is a high-grade greenfield vanadium, titanium, iron exploration project with mineralisation commencing at surface.
- The project is contained within a single exploration licence covering 1,093 ha.
- Up to August 2019, exploration included 5 diamond drill holes with complimentary field mapping, geophysics and metallurgy.
- The Company has defined a JORC (2012) Exploration Target, showing a resource of 8.5 million tonnes at 0.47% V2O5, 43% Fe3O4 and 6.9% TiO2 and a demonstrable opportunity for expansion through additional exploration.
- Recent test work has positively demonstrated the amenability of the ore to conventional separation methods.
- Further information can be found at this website: http://www.jangadamines.com/