Tando Resources

Website: www.tandoresources.com.au
Primary ticker: ASX:TNO
Stage of development: Development
Primary minerals: Vanadium
Project to promote: SPD Vanadium Project

Live financials

Tando Resources is a junior minerals company developing the SPD Vanadium Project in the Bushveld Province of South Africa. The company listed on the ASX in November 2017 after raising $4.5m at $0.043/share ($0.20/share adjusted for a 4.6:1 share split) and subsequently completed a placement to raise an additional $2m at $0.086/share (adjusted for share split). With the granting of a Mining Right over the project, Tando has commenced a resource drilling programme with outstanding high grade results to date. Drilling will enable a JORC Resource to be defined proving the basis for scoping and feasibility studies. Tando believes the SPD Project to be world class and with vanadium prices surging on strong demand, the economic opportunity appears robust with favorable industry metrics forecast at least through the medium term.

Management Profile

Bill Oliver – Managing Director
Bill Oliver (Managing Director) has over 20 years’ experience in the international resources industry working for both major and junior companies.
As a geologist Mr Oliver led large scale resource definition projects in the Pilbara for Rio Tinto, managed exploration including target generation and grassroots exploration across a range of commodities, and worked in near mine exploration/resource definition roles.
He was previously Managing Director of Signature Metals where he took the company from acquisition to production in 2 years and has also held board roles at Orion Gold, Celsius Resources and Minbos Resources.

What is your rationale for attending 121 Mining Investment?

As we move towards project development we are looking to introduce the SPD Vanadium project to an audience which is familiar with both our target commodity and our country of operation, meaning that they are likely to understand the investment opportunity presented by our company.

What recent news would you like to highlight to investors attending?

High grade drill results continue to flow from SPD Vanadium Project.
Resource reconfirmation – SAMREC resource of 513Mt at 0.78% V2O5 head grade.
Maiden JORC resource is anticipated to be released around the time of the conference.
Project Scoping Stu

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Complete Scoping Study based on drilling, mine design and metallurgical testwork. JORC – Measured & Inferred. Met confirmation .

6 Months:

Investment decision on fast track production opportunity

12 Months:

Production of precursor vanadium products (assuming successful studies and equity raisings)

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Achieving our timeframes to production
Securing suitable offtake partner

In a sentence, what do you think makes your company such a compelling investment?

A vanadium pure development play.
Potentially the next listed vanadium stock globally to be in production following Lagos & Bushveld Minerals.