Vanadium Resources Ltd. (AU:VR8) has released an update.
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Vanadium Resources Ltd. has enhanced its Steelpoortdrift Vanadium Project by optimizing plant designs and consolidating operations, which are anticipated to lower operational costs and expedite positive cash flow. Following a detailed internal review, the company has implemented improvements such as additional crushing and silica removal circuits, and repositioning the SRL plant, leading to reduced pre-production capital expenditures and streamlined operations. These strategic updates, coupled with strong community support, aim to establish Steelpoortdrift as a highly capital-efficient vanadium project with early concentrate production expected to begin in Q3 CY2025.
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