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Vanadium Resources Signs 1.2MTPA Magnetite Offtake MoU to Boost Near-Term Production

8:37am on Tuesday 17th of June, 2025 AEST Mining
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Vanadium Resources Signs 1.2MTPA Magnetite Offtake MoU to Boost Near-Term Production

8:37am on Tuesday 17th of June, 2025 AEST
Key Points
  • Non-binding MoU signed with China Precious Asia Limited for 1.2MTPA magnetite DSO supply
  • Agreement supports near-term production and early operating cashflows
  • Steelpoortdrift project holds a substantial JORC resource with over 180 years of supply
  • MoU contingent on product specification and mining contractor agreements by November 2025
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