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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
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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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