A new inferred estimate totals 79 million tonnes grading 0.64% V2O5, 6% TiO2 and 29.7% iron.
Two RC holes and 31 aircore holes completed late last year saw one of the former hit 51m at 0.72% V2O5 from 21m downhole.
Ongoing exploration work by Flinders is planned to evaluate the lateral extents of the vanadium resource, with regional magnetics suggest strike extensions of several kilometres.
Flinders will also focus on identifying and delineating any higher-grade mineralisation.
Flinders’ focus in recent years has been its advanced but as yet undeveloped Pilbara iron ore project.
The company is backed by NZ’s Todd Corp, which is the company major sh...