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|[Quote, London Stock Exchange, 20 Jan 2017 08:56 ] "BMR RECEIVES ENCOURAGING RESULTS FOR VANADIUM POTENTIAL AT KABWE MINE"
LONDON (Alliance News) - BMR Group PLC said Friday it has seen encouraging test results for the potential of vanadium recovery and production from tailings at the Kabwe mine in Zambia.
BMR said metallurgical test work suggests no modifications are needed to its current set-up at the Kabwe plant in order to recover vanadium from the tailings there. BMR also is looking to extract lead and zinc from the tailings at the mine, which closed in 1994.
Preliminary test work suggests a vanadium pentoxide recovery factor of approximately 65%, discounted at 5% from test work results, said BMR. Vanadium pentoxide is used to create alloys with iron.
BMR said test work continues to optimise the recovery factor and establish final product quality and the design of the process circuit, enabling expenditure costs to be established.
Extrapolating from mineral reports at the closure of the mine, BMR said in theory it could extract approximately 45,000 tonnes of vanadium pentoxide at the plant. After the completion of current tests, BMR will look to upgrade the vanadium present to a JORC compliant resource.
BMR intends to lodge an environmental project brief with Zambian authorities for approval of the vanadium processing circuit in February, having already secured approval for a plant at the site. Approval is generally expected within four to six months, said BMR.
QUALITIES: Vanadium Pentoxide is a yellow to red crystalline powder or orange solid. Vanadium Pentoxide is irritating and prolonged exposure may burn contaminated tissue. Vanadium Pentoxide is highly toxic and may cause skin and respiratory sensitization. Vanadium Pentoxide is not flammable or reactive.
Vanadium pentoxide is used as an oxidation catalyst in industrial synthesis processes such as the manufacturing of sulphuric acid, and for catalytic converters in automobiles. A specialty application is in Vanadium Redox Batteries (VRB), which are large-scale electrochemical energy storage systems.|
|My apologies but...Vanadium IS...a "by-product metal" *__^ So too are Cadmium, Indium, Gallium, Germanium, Bismuth from Lead & Zinc *__*
Time to get the periodic table out if u don't wish to believe:
By-products share some characteristics with other metal groups, but have unique issues
• Supply concentration is more acute for lone metals
• By-production is a complex issue and material dependant - can be viewed to
reduce supply risk (gallium) or increase it (indium)
• Most appropriate to consider on a case by case basis
• By-products have potential to increase supply from existing processes
• Recovery from other sources such as wastes and spoils for by-products and
• Certain by-products (often not considered) present challenges, e.g .toxicity
|I don't think there is ever a need to re-open the old mine - at least for the foreseeable future. Tailings / dump operations can be highly profitable (I'm invested in several, such as Sylvania Platinum). And it's not as if there is a shortage of material to be re-processed here!|
|It's quite a stunning clump of "V" and I do believe there is as much if not more in the dark depths below, should we ever go there. This is a company that will be generating a substantial tonnage of metals in three years at low cpt. Around $130m revenues at today's prices. Approval for zinc and lead, mining and prospecting rights but above all over ground proven resource and all for 7p. I can see us actually doing it this time.|
|Agreed fb 👍
I think the press...are taking a long time...to decipher this technical RNS release today.
It will be interesting to see, what they make of it 💭💭128173;💭 🙇🙇128583;|
|A few notes...
1. Vanadium extraction is safe, esp. compared with that of lead. I can't imagine why a safety certificate shouldn't be granted, given the plans are prepared in a normal professional manner.
2. Yes, the resources are not JORC, so currently we're taking the company's word on trust. And you can never manage to extract 100% of a metal from any ore body; it's a question of how much you can get at what price. These figures look good to me.
2. Vanadium's price is actually a closely guarded commercial secret. Glencore currently control the world market, but their "death grip" is slowly weakening. (E.g.: their deal to market vanadium miner Largo Resources' entire output ends in 4 years time.)
3. Vanadium price and demand are undoubtedly increasing worldwide. It is used and will continue to be used in steel alloys - it increases the tensile strength of steel by 30%. Uses include construction steel and aircraft frames.
4. But the more interesting and new use is in Vanadium Flow batteries - large scale batteries used in conjunction with intermittent power sources, such as wind and solar power. Currently, 30% of the cost of these batteries is the Vanadium inside them, and as manufacturing becomes more streamlined, this percentage will increase, not decrease.
5. There is a lithium share boom going on worldwide right now (see European Metals Holdings, Bacanora and a plethora of very overpriced US companies). Lithium (as in Li-ion) batteries does have a bright future in car batteries. But I think Vanadium is more interesting and long term play.|
|Ati you clearly haven't read the attributed financial gain of the vabadium (at the 65%) from the RNS. Yes its not JORC standard (yet) but once its JORC'd those wanting in will have missed the boat.Not that you needed me to tell you the obvious.|
|No pleasing some LOL's.i believe Alex has stuck a few caviars in there but he's confident enough to declare the numbers which have been known for some time. I'll accept that it's not all verified, however, it's above ground, quantifiable and recoverable. If someone said there is gold in them there hills or there is oil down below there would be buy in. This at least is real, mined previously and in situ.|
|How can this be a stellar RNS...when the Vanadium variables...are still not economically justifiable ?
(I mean...) With a low recovery rate on record...and with a non-JORC compliant resource base yet to be proved up...don't you think people can feel free to shout whatever they want about Vanadium:-)
I'm after technical merits 👍 (...and not just the high LME prices quoted on Vanadium!)|
|Holly Molly, dilemma, train ride Tuesday and a couple of pints or 1000 BMR shares? V day in Kabwe. An important question or the most important question, are we partnering the Zambian mining and remediation improvement project?
Bookworm, bang on!|
|The Vanadium shouldn't be seen as a by-product - it's far more important than that. Vanadium is used in modern steel alloys (it makes steel 30% stronger) and in modern large-scale battery technology (for things like wind farms and solar power). Vanadium's price is rising and it will continue to rise for the next few years. All in all, this is a stellar RNS, and IMHO doubles (at least) the value of the company.|
See, I knew it !
The RECOVERY RATE....needs to be a lot higher than +65% ! 🙇😳 ....closer to 85%+/90% preferbly
...further tests required to refine IMO
The positive note - no mention of a 'special reagent' needed 👍 And also, let's JORC this Vanadium up but remember it's a by-product...comes as a brucie bonus 😎
Oh well...back to the floatation board for further efficiencies 😏|
|Ok Dug LOLsss|
|don't call me Sophie !|
I see all the sofa posters are all in hiding......LOLsss|
|20oz of nectar and enough to make a point|
As long as you don't call me Mug!|
|Excellent balls be good to see you LOLSSS.......and you of course Stav baby......just call me dug LOLsss|
Points or Pints?|
|I'll have a few pints to add to the debate. "O" I'm going to be there lol's|
|Who is going to the AGM?
Are there any questions or points you would like to make? LOLsss|
|My names not dug LOLsss
As for holidays this has been one heck of a circus come theme park roller coaster with the odd clown, illusionist and magician along the way LOLsss|
|Ha, rascal Smelly, wish they would! how about we all visit on hols? A mate of mine booked a holiday to Borneo to "live with a family" and ended up having to dig a ditch and cook !! perhaps we could do the same At Kabwe...?|