For thousands of other reports visit RSC's Mineral Intellingence Map
Australian Vanadium Ltd.
Summary
| Project: | Gabanintha | |
|---|---|---|
| Deposit: | Gabanintha | |
| Location: | Australia | |
| Commodities: | Vanadium | |
| Date: | 7/5/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-7-2018: Australian Vanadium Ltd. announces a Resource Estimation report for its Gabanintha deposit at the Gabanintha project. Update mineral resource estimate at the project. Australian Vanadium Limited (ASX: AVL, “the Company” or AVL”) is pleased to an | |
| Resources: | (Resource, Total): 175.5Mt @ 0.75% V2O5, 34.5% Fe, 9.3% TiO2, 18.8% SiO2, 11.9% Al2O3 | |
| CP/QP: | [Resources]: Lauritz Barnes, Brian Davis (Trepanier Pty Ltd.;Geologica Pty Ltd.) | |
| ABSTRACT: | Australian Vanadium Limited (ASX: AVL, “the Company” or AVL”) is pleased to announce an updated Mineral Resource for its Gabanintha Vanadium Project near Meekatharra in Western Australia. The revised estimate has been conducted following a re-interpretation of the weathering profiles to include a transitional zone in addition to the oxide and fresh zones. The updated Measured, Indicated and Inferred Mineral Resource is 175.5 million tonnes (Mt) at 0.77% V2O5 which includes a Measured and Indicated Mineral Resource of 34.1Mt at 0.77% V2O5. Table 1 includes a detailed updated Mineral Resource table and Appendix 1 includes a table of the Mineral Resource broken down by the oxidation category. The revised Mineral Resource estimate includes a geologically distinct massive vanadium bearing magnetite high-grade zone that is the focus of economic studies. The Measured, Indicated and Inferred Mineral Resource estimate for the high-grade zone (HG10 in Table 1) is 93.6Mt at 1.00% V2O5 which includes 10Mt at 1.11% V2O5 in the Measured Resource category, 4.9Mt at 1.09% V2O5 in the Indicated Resource category and 78.6Mt at 0.98% V2O5 in the Inferred Mineral Resource category. The Mineral Resource of the high-grade zone has increased by 0.8Mt (0.9%) and the overall Mineral Resource has decreased by 5Mt (2.3%) of mainly low-grade material. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report