Caula Vanadium-Graphite Project Scoping Study Shows Exceptional Economics
The Study demonstrates the viability of an open pit vanadium and graphite mining operation with outstanding economics
Mine life of 26 years based entirely on the JORC Measured Resources for both vanadium and graphite
1,877 metres of diamond drilling over 16 drillholes and 99 metres of RC drilling (1 drillhole) were completed by the Company for the Scoping Study
Approximately 4,000 metres of additional drilling, sampling, assaying and further testwork underway (drilling and sampling completed) to support Reserve definition and pre-feasibility studies
New Energy Minerals is now focused on delivering pre-feasibility level studies by Q1-2019 as well as the fast-tracked implementation of Phase 1 of the project targeting 1st cashflows in H2-2018
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