Speewah Metals Limited (“Speewah”) (ASX: SPM) advises that patented mixed chloride technology the Company is testing has produced very high grade Titanium Dioxide (TiO2) from testwork completed upon similar magnetite bearing ore by another company1.
TiO2 product grades of 99.8% have been reported, which have market values of approximately US$3,300 per tonne1. Vanadium Pentoxide (V2O5) which is also recovered through the process is currently valued at US$13,500 per tonne2.
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