RE: STACK STRIKES GOLD AGAIN!!!
Correct me if I'm wrong but I think this may be the first time they've included the Platinum/Palladium with Near Term Production - see page 16. I would expect they would more fully announce this in a up coming news release.
Maracas Vanadium Project
Near Term Production – Q1 2013
• 5,000 tonnes FeV annual production
• Lowest cost producer (less than $13 kg FeV)
• 23 year production plan
• 1.94% V2O5 mill feed during first 8 years
• Open pit: low strip ratio of 2.23:1
• Mill throughput 1,600 tpd
• Recovery of 71.6%
• Proven mining technology and processes
• 6 year Offtake with Glencore (take or pay)
• Good local infrastructure
•208,000 Ounces 0.75g/t Platinum/ Palladium
Mineral reserve: 13.1 million tonnes grading 1.34% Vanadium Pentoxide (V2O5)
Includes 8.7 Million tonnes grading 1.94% Vanadium Pentoxide (V2O5)
Mineral Resource: 23.2 million tonnes grading 1.27% Vanadium Pentoxide (V2O5) (M&I)
Near Term Production – Q1 2013 Maracas Resource Estimate: