Vanadium Resources Ltd (ASX:VR8)'s Jurie Wessels updates investors on work at the Steelpoortdrift project in South Africa as the vanadium market heats up. A definitive feasibility study is underway at the project after last year's pre-feasibility report outlined a 45% internal rate of return and a post-tax net present value of US$1.2 billion. Wessel said there's more news to come as VR8 develops what it considers the world's pre-eminent vanadium project.
Vanadium Resources puts vanadium in the spotlight at Steelpoortdrift project