Australian Vanadium Low Emission and Technology Minerals conference presentation
A vanadium deposit the size and the confidence in the project ,” he says . “ We have revised all the previous information and data that we have , captured it and reanalysed it and were able to record that huge 96 % resource increase .”
This , in effect , has provided Algar and AVL with some breathing space . Now that the resource has been upgraded , to huge success , the company can focus on the next steps towards development , namely a detailed mine plan .
A resource like no other For any mining company , explorer , or producer , the importance of striking up key relationships with local
landowners and regulatory bodies cannot be understated . If a commodity cycle can define a mining company ’ s entire existence , then having the right permits in place and communicating with the right people is the next major hurdle that needs to be overcome .
Algar admits that this is often a lengthy process , but an essential process nonetheless .
“ We ’ ve crystallised our understanding of the geology , so we can focus on the mine plan ,” he says . “ But even then , we must take into account the environmental requirements and foundations , the conversations with the local groups regarding our socio-economic impact
11