Canada\u2019s First Vanadium (TSX-V: FVAN) has published indicated mineral resources for its Nevada-based Carlin project, considered the largest, highest grade primary vanadium deposit in North America.<\/p>\n
The company, which in March\u00a0more than doubled the size of the vanadium property<\/a> from 1,331 acres to 3,177 acres, said Carlin\u2019s maiden resource has far exceeded expectations and will provide a base for an economic study.<\/p>\n Based on the 43-101 technical report<\/a> filed by Fist Vanadium, Carlin’s indicated resource stands at 24.64 million tonnes at 0.615% V2O5 for 303 million pounds, and inferred at 7.19Mt at 0.52% V2O5 for 75Mlb.<\/p>\n Both the inferred and indicated categories used a 0.3% cut-off grade and the results replace an historic 2010 resource estimate.<\/p>\n First Vanadium has the option to earn 100% of the project, which now exceeds the numbers quoted in a 2017 USGS paper.<\/p>\n The news comes at a time of high prices for silvery-grey metal, used to harden steel and in the making of so-called flow batteries, which are long-lasting, durable and can hold large amounts of energy.<\/p>\n More than 90% of the world’s vanadium is currently used in steel manufacturing applications, but the metal\u2019s importance to the energy sector is also growing rapidly, with more than 5% of global output used in energy storage.<\/p>\n Vanadium prices\u00a0more than doubled in 2018<\/a>, reaching historic peaks. Fastmarkets\u2019 price assessment of ferro-vanadium, basis 78% min, free delivered duty-paid to consumer works in Europe stood at $126-128 per kg on November 23, 2018, the highest it has ever been.<\/p>\n The post First Vanadium says Nevada project resource estimate exceeds expectations<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" The company, which in March more than doubled the size of the vanadium property, believes that Carlin’s maiden resource will provide a base for an economic study.<\/p>\n The post First Vanadium says Nevada project resource estimate exceeds expectations<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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