Vanadium PresentationPresentation-April 12, 2011
Byron Capital Markets - Electric Metals Conference on Sparton Website:
Extracts
GUOJIAPING:
Equity 65:35 JV with government exploration group
Mining License Application – NI-43-101 compliant
potential resource target of >300Mlbs of contained V2O5
Additional drilling planned to increase the resources
18Mt of ore hosting >300 Million Pounds V2O5 (min.) – (NI-43-101 potential target )
In situ value of contained V2O5 > US$2.0 Billion
Potential to double this resource
MINING & METALLURGY
Low Cost Open Pit Mining, consistent Flat Lying Zones, 5 - 15 Metres Thick
Average Grades 0.8-1.1% V2O5
Very Low Initial Stripping Ratio 1:1
12 year mine-life at 1.5Mt per annum (5000tpd) mining rate
Full Local Infrastructure in place (labour, power, transport)
70 - 90% Recoveries in initial metallurgical testing, newly patented technology
Low Capital Cost Estimates for Startup
RENTIAN :
80:20 JV under finalization with
government & private company
Mining License: projected over > 200Mlbs
of contained V2O5 (drilling ongoing)
New Processing Plant Completed 2010:
Capacity 1000t.p.a. of V2O5 powder
Active mapping, sampling and drilling program indicates significant vanadium potential
for resources in excess of 200M.lbs. V2O5
Identical Geology as Guojiaping with consistent Flat –Lying Ore Zones (5 m- 15m thick)
Low Cost Open Pit Mining with very low initial strip ratio,
High grade ore deposit: Average surface grades of 0.9% - >2.0% V2O5
New discovery of good grade copper / silver mineralized zone with the vanadium
mineralization
Full Local Infrastructure in place
PROCESS PLANT
New (1000tpa) V2O5 processing plant (12 months old)
Independent technical audit of Process Plant - completed
Metallurgical Testwork – completed, new technology patent applications accepted by PRC Patent Bureau
Process Plant - upgrade design completed & budgeted
Local market for waste generated from V2O5 Plant – (selling for USD$20/t)