Vanadiferous Titanomagnetite (VTM) Deposit with Inferred resource1 of 46 Mt grading 48.32% Fe2O3, 0.24% V and 14.88% TiO2.
10,307m of drilling across 39 DDHs plus numerous geophysical and other technical studies completed. Nearly all holes drilled by Randsburg in 2004-2006 were drilled at a 50m spacing.
The main minerals of focus Vanadium and Titanium - both of which are considered critical minerals in Ontario.
Proximity to infrastructure - 18km access road upgrade completed in February 2024; 10km from railway and 3.5km from powerline.
5,672 Ha Claim Package - including 262 ha of patented land underlying the Titan VTM Deposit
Agreement with an established aggregates company, provides opportunity for additional revenue through a contract mining arrangement
1 – Inferred Resource estimated in accordance with NI43-101 guidelines in a technical report dated October 23, 2017, prepared by Mine Development Associates for Prophecy Development Corp. (currently Silver Elephant Mining Corp.)
NI43-101 technical report dated October 23, 2017, prepared by Mine Development Associates for Prophecy Development Corp. (“Technical Report”) provides a historic estimate that remains relevant due to its comprehensive nature and adherence to NI43-101 standards at the time. However, it doesn’t reflect the additional work since 2017. Osprey Advanced Materials Corp. acknowledging the estimate’s limitations and lack of recent verification by a qualified person, does not currently classify it as a mineral resource under current CIM definitions.
A copy of the Technical Report is available here.
| Category | Cutoff | Tonnes | % Fe203 | % Ti02 | % V |
| Inferred | 40% Fe2O3 | 45,996,300 | 48.32 | 14.88 | 0.24 |
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Project Completed
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