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date:12/10/2020
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date:22/02/2021
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NEOMETALS has moved its potential vanadium project in Sweden into a prefeasibility phase after being encouraged by scoping work suggesting a US$159 million development could generate pre-tax operating cashflow of $573 million over an operational life of 10.5 years.
Recovering vanadium from steel slag is not a conventional mining operation
The project, which would recover vanadium from steel slags, would have an operating cost of $3.92 per pound versus a modelled selling price of $8.64/lb.
Annual production would be 12.2 million lbs.
New venture will look to produce product from steel slag
