Our Resources

Introduction

Ironveld holds unfettered rights to mine an area of 165 square kilometres with:

  • 80 million tonnes of magnetite ore - the JORC compliant mineral resources demonstrates holds 1.6 billion pounds of Vanadium, the equivalent to four times annual global demand
  • 32 million tons of High Purity Iron in situ
  • 9 million tonnes of titanium

The project ore body is near surface, enabling simple, open cast mining. The current resource does not include mineralisation on the Luge Farm prospecting right which is near to the current JORC resource and which is yet to be defined but is believed to have the same geology. This project has the potential to become a vertically integrated vanadium mining and processing business serving the increasing demand for vanadium in steel alloys and vanadium redox batteries.

The Bushveld is a metallogenic province covering approx. 66,000km2 in the north of South Africa. It hosts many mineral deposits, including platinum group metals, vanadium, chrome, palladium and rhodium.

Vanadium

Key stats

  • Resources of 80 million tonnes
  • Equivalent to 1.6 billion pounds of vanadium – four times annual global demand
  • Ore Grading 1.12 % V2O5

The Vanadium found at the project is twice the grade of other vanadium resources currently being mined and processed within the Bushveld Complex.

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High Purity Iron

Key stats

  • 30 million tonnes of High Purity Iron in situ
  • Definitive feasibility study confirmed viability to deliver an exceptionally high grade iron ore product of 99.5% Fe

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Titanium

Key stats

  • 9 million tonnes of titanium in situ

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