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The Vanadium Explorer company for its wholly-owned Mt Sydney project in Western Australia has been granted the exploration license during a previous versatile time domain electromagnetic survey with the tenement giving up numerous anomalies.
Tando carried out late last year the VTEM survey and the companyâs geophysical consultants reviewed the data and firmed up 17 near-surface anomalies. Identified as high-priority based on criteria including the likes of strike length, target strength, and lithological contacts and the correlation with prospective structures are nine of the 17 anomalies.
Extending directly into Mt Sydney, the major regional structures at Braeside according to Tando. In the area and surface conductors between early time near known structures due to the correlation new targets discovery that have not yet been mapped will be helped as Tando anticipates EM interpretation.
Tando has plans to get on the ground to collect geochemical information and detailed geological, to follow up on the anomalies. However, in South Africa where it anticipates releasing a maiden resource shortly Tando remains focused on its SPD vanadium project.
Aiming to convert an existing foreign SAMREC resource of 513.3 million tons grading 0.78% vanadium to JORC status with the initial campaign, Phase one drilling at the project was recently completed.
Drilling is ongoing at SPD to fast-track a resource upgrade, to indicated status, as well as identify the potential for a direct shipping ore operation, where high-grade vanadium pipes have been discovered and they have given up multiple insitu whole rock vanadium grades in excess of 2%.
Tando stated it will investigate selling on teaming up with another company as a result of its focus on SPD, with another company to unlock the Mt Sydneyâs value.
Tando Resources Limited (ASX:TNO) traded at a market price of $0.100 as at November 20, 2018 and has seen a performance change of 53.96% over the past 12 months. The current market capitalization of the company is $20.33 million.
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