Atlantic Ltd. reported in early April 2012 that drilling and surveying in recent months at its Windimurra vanadium project in Western Australia has increased the JORC-compliant global mineral resource for the project by 33 million mt to 243 million mt grading 0.48% V2O5, a 16% increase on the previous global mineral resource. The grade across the larger resource tonnage increased to 0.48% V2O5 from 0.47% V2O5, with an increase in average grade to 0.50% V2O5 in the southern mine area of the deposit.
The latest Windimurra resource figures follow successful 3,518-m reverse circulation and 823-m diamond core drilling programs in the southern mine area. Atlantic expects to announce an updated Windimurra ore reserve and life-of-mine plan by mid-year 2012.
The Windimurra plant produced its first ferrovanadium in early January 2012 and is expected to reach design capacity of 6,300 mt/y of contained vanadium during the first quarter of 2013.