The company was established to implement the project «Construction of an enrichment plant for the production of V2O5 with a capacity of 10,000 tons per year.» Ore processing per year is 1.2 million tons per year. To date, verification work of historical wells is underway, the total drilling volume is: 2800 line meters. Based on the results of these works, reports will be developed: JORC Resources Inferred — as part of the work of SRK consulting (the results of comparison of verification drilling and historical data, as well as the nature of mineralization are taken into account). Scoping Study — as part of the Coffey Tetra Tech (feasibility study of the potential feasibility of developing mineral resources).

The next stage of work provides for resource drilling, the total drilling volume is about 16,000 line meters. As a result of these works, reports will be developed: JORC Reserves Indicated — as part of the work of SRK consulting (a full report according to JORC standards). Pre-Feasibility / Feasibility study — as part of the work of Coffey Tetra Tech (determining the feasibility of the project; costbenefit analysis), balance sheet in accordance with the standards of the State Reserves Commission (SRK).

Summary of historical works:

The mineralization of the deposit is represented by large stratiform bodies deformed into asymmetric folds. There is a simple geometry of mineralization and a good extent of grades along the strike. The field is assigned to the first group of complexity according to the GKZ classification (simple geological structure). There are associated elements: Ta, Ni, Re, Rb, Se, Ga, Ge and lanthanides. The content of vanadium decreases with depth: the average content of oxidized mineralization is 0.96% V2Os, primary — 0.7% V2O5.