Vanadium Resources Limited (ASX: VR8; DAX: TR3) (the 'Company') (ASX: VR8, DAX: TR3) is pleased to provide an update on its world-class Steelpoortdrift Vanadium Project.
WATER USE LICENSE APPROVED FOR STEELPOORTDRIFT MINE AND CONCENTRATOR SITE
As previously announced, 1 the final phase of the Water Use License ('WUL') application for the Steelpoortdrift Mine and Concentrator site was submitted to South Africa's Department of Water and Sanitation ('DWS') in April 2024. The Company is pleased to announce that the DWS has granted the WUL, in line with the Company's expectations of finalisation in Q3 CY2024.
REMAINING APPROVALS REQUIRED FOR THE STEELPOORTDRIFT VANADIUM PROJECT
As previously announced,2 at the Steelpoortdrift Mine and Concentrator site, outstanding approvals include the Environmental Impact Assessment and Environmental Authorisation, which were submitted to the Department of Mineral Resources and Energy in Q4 CY2023. The Company is targeting completion for these approvals during Q3 CY2024. Further, at Tweefontein, the remaining approvals include the Air Emissions License, targeted for Q3 CY2024, and the WUL. The WUL application is scheduled to be submitted in September 2024, with approval expected between Q4 CY2024 and Q1 CY2025. The Company expects to have received all the necessary approvals for both the Steelpoortdrift Mine and Concentrator site and the Tweefontein Salt Roast Leach Plant sites between Q4 CY2024 and the end of Q1 CY2025
Contact:
Jurie H. Wessels
Executive Chairman
VANADIUM RESOURCES LIMITED
Tel: (612) 8350 0882
Email: contact@vr8.global
Some of the statements appearing in this announcement may be in the nature of forward-looking statements. You should be aware that such statements are only predictions and are subject to inherent risks and uncertainties. Those risks and uncertainties include factors and risks specific to the industries in which VR8 operates and proposes to operate as well as general economic conditions, prevailing exchange rates and interest rates and conditions in the financial markets, among other things. Actual events or results may differ materially from the events or results expressed or implied in any forward-looking statement. No forward-looking statement is a guarantee or representation as to future performance or any other future matters, which will be influenced by a number of factors and subject to various uncertainties and contingencies, many of which will be outside VR8's control. VR8 does not undertake any obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after today's date or to reflect the occurrence of unanticipated events. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions or conclusions contained in this announcement. To the maximum extent permitted by law, none of VR8, its Directors, employees, advisors or agents, nor any other person, accepts any liability for any loss arising from the use of the information contained in this announcement. You are cautioned not to place undue reliance on any forwardlooking statement. The forward-looking statements in this announcement reflect views held only as at the date of this announcement. This announcement is not an offer, invitation or recommendation to subscribe for, or purchase securities by VR8. Nor does this announcement constitute investment or financial product advice (nor tax, accounting or legal advice) and is not intended to be used for the basis of making an investment decision. Investors should obtain their own advice before making any investment decision.
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