vanadium
Vanadium is a chemical element with the symbol V and atomic number 23. It is a hard, silvery-grey, malleable transition metal. The elemental metal is rarely found in nature, but once isolated artificially, the formation of an oxide layer ( pas ...
Atsimo-Atsinanana
Atsimo-Atsinanana (South East) is a region in Madagascar. Its capital is Farafangana. The region used to be part of the Fianarantsoa Province.
The region extends along the southern part of the east coast of Madagascar. It is bordered by Vatovavy-F ...
. The mine has reserves amounting to 59.2 million tonnes of ore grading 0.68%
vanadium
Vanadium is a chemical element with the symbol V and atomic number 23. It is a hard, silvery-grey, malleable transition metal. The elemental metal is rarely found in nature, but once isolated artificially, the formation of an oxide layer ( pas ...
. In August of 2007, the Canadian company ''Uranium Star Corp'' announced an agreement where it would buy a 75% ownership stake in the mine from ''Madagascar Minerals and Resources Sarl'', and then bought full ownership in 2009. An
aerial survey
Aerial survey is a method of collecting geomatics or other imagery by using airplanes, helicopters, UAVs, balloons or other aerial methods. Typical types of data collected include aerial photography, Lidar, remote sensing (using various visible ...
was conducted in 2007 and samples were drilled in 2008. ''Uranium Star Corp'' rebranded as ''Energizer Resources Inc'' in December 2009, and then as ''NextSource Materials Inc'' in April 2017. The mine is 11 kilometers from the
Molo mine
The Molo mine is one of the largest graphite mines in Madagascar. The mine is located in Atsimo-Andrefana, near the town of Fotadrevo. The deposit was discovered in 2011, following explorations of the nearby Green Giant mine. The mine has reserves ...