Cleantech Vanadium Mining Corp V.CTV

Alternate Symbol(s): FLYNF

Cleantech Vanadium Mining Corp., formerly Flying Nickel Mining Corp., is a Canada-based exploration-stage mining company focused on vanadium resources. The Company owns a 100% interest in the Gibellini vanadium project in Nevada, United States. The Gibellini vanadium project is located near Eureka in Nevada's Battle Mountain region covering 21 kilometers (km), Gibellini holds 127 million pounds of measured and indicated V2O5, with 195 million pounds inferred. The project features an open-pit, heap-leach operation with a 0.2 strip ratio and over 60% recovery, targeting 99% pure V2O5 production. Water and sage credits are secured through a nearby 3,000-acre ranch.

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Cleantech Vanadium Mining Corp > fs & permit

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Comment by alex7759on Jan 17, 2023 6:55am

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Post# 35227180

RE:RE:fs & permit

after recent nr it's clear they want to add PGM's to resources and then to publish a feasibility study.
it makes sence.

since

36.280.000t M&I resources ( only one Nose Limb open pit constrained) averaging 0,3g/t PGM could theoretically add 340.000oz PGM ( in situ) to NI resources. The SGS Met.tests will show what the recovery rate looks like ( anticipated in q2,23), e.g.assuming 70% brings 240.000oz PGM ( saleable). FLYN could have the project financed very efficiently through a PGM streaming contract ( 240.000oz * app.$1.500/oz = 350.000.000 USD or 475.000.000 CAD. That is almost half of CAPEX.

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