Next Investors logo grey

Protean Energy progresses vanadium deposit


Published 11-MAY-2018 13:10 P.M.


2 minute read

Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.

In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.

The below articles were written under our previous business model. We have kept these articles online here for your reference.

Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.

Click Here to View Latest Articles

Protean Energy Ltd. (ASX:POW) is now advancing to Stage 2 testing of its vanadium deposit in Korea, following the completion of Stage 1.

POW completed portable-XRF assaying over some 2,344 metres of mineralised ore in Stage 1.

Upon completion of Stage 1 testwork, the company commenced an interim mineral resource estimation over approximately 40% of the known 8.3km strike length.

POW Chair Bevan Taratt spoke on the update, “Protean Energy is excited about the potential for the Daejon deposit and we expect to have a clearer picture of the size and grade of this deposit in the coming months.

“We are now analysing the data collected to estimate the scale of this vanadium resource. The geological modelling completed to date by the company will assist in informing the mineral resource estimate and help us understand whether the extended area is likely to host additional vanadium mineralisation.”

Daejon project exploration phases

Last month, the company advised shareholders that it would utilise grant funding from the Korean government to test the V-KOR range of vanadium redox flow batteries in Australia.

It is early stages here, so investors should seek professional financial advice if considering this stock for their portfolio.

“The vanadium flow battery has the potential to play a crucial role in revolutionising the new energy sector and we are excited about the advantages of the V-KOR system over other battery solutions,” Tarratt said.

About Protean Energy Limited

POW is an energy company focused on the commercialisation of vanadium battery energy storage systems.

The company is also developing a multi-mineral project in South Korea through its 50% holding in Stonehenge Korea Limited (SHK). SHK is a JV company with two KOSDAQ-listed industry partners being DST Company LTD (DST) and BHI Co Ltd (BHI).

SHK owns 100% of the rights to three projects in South Korea, including the company’s flagship Daejon Project.

General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

Publication Notice and Disclaimer

The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.

This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.