Date: Nov 28, 2018

Tando Resources (ASX: TNO) finished its phase one drilling campaign at the SPD vanadium project on a high, with final assays revealing the company had struck up to 1.74% vanadium pentoxide.

The numerous high-grade assays will underpin a maiden JORC resource, which is due shortly.

Highlight results from the last assays of the phase one drilling campaign at SPD were 18m at 0.80% vanadium pentoxide from surface, including 4m at 1.16% vanadium pentoxide and 4m at 0.94% vanadium pentoxide; and 11m at 0.98% vanadium pentoxide from 24m with two higher grade intervals of 9m at 1.15% vanadium pentoxide and 2m at 1.65% vanadium pentoxide.

The highest-grade intersection was 12m at 1% vanadium pentoxide from 46m, including intervals of 9m at 1.13% vanadium pentoxide and 2m at 1.74% vanadium pentoxide.

“These latest results continue to demonstrate the high quality of the SPD vanadium deposit and will further strengthen the impending maiden JORC resources,” Tando managing director Bill Oliver said.

SPD vanadium project advances

After receiving the latest results from the initial program, Tando can now calculate a maiden JORC resource, which it hopes to publish before Christmas.

A second drilling campaign is underway at the primary SPD deposit, which has a foreign SAMREC resource of 513 million tonnes at 0.78% vanadium pentoxide.

The primary aim of this second drilling program at the primary SPD deposit is to upgrade the maiden JORC resource to indicated.

Three drill rigs are operating across the deposit and have completed 38-holes for 3,148m, with the entire second phase campaign to total 58-holes for 5,550m.

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