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First Energy Metals Ltd.
Summary
| Project: | Bigrlyi | |
|---|---|---|
| Deposit: | Bigrlyi | |
| Location: | Australia | |
| Commodities: | Vanadium-Uranium | |
| Date: | 12/4/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-12-2019: First Energy Metals Ltd. announces a Resource Estimation report for its Bigrlyi deposit at the Bigrlyi project. New vanadium Exploration Target outlined. Energy Metals Limited (ASX: EME) is pleased to update the market following completion of t | |
| Resources: | Exploration Target Range: 40.5 - 47.6Kt @ 422 - 494ppm V2O5 | |
| CP/QP: | [Overall Report]: Wayne Taylor, Daniel Jordan (Internal) | |
| ABSTRACT: | Energy Metals Limited (ASX: EME) is pleased to update the market following completion of three-dimensional vanadium mineralisation modelling studies of the Bigrlyi uranium-vanadium deposit and the estimation of a new Exploration Target for vanadium. The models include construction of vanadium wireframe volumes for a 100 ppm V2O5 cut-off grade and implicit modelling of vanadium, uranium and calcium mineralisation shells using Leapfrog software. Further details of recent metallurgical test-work, aimed at optimising the co- extraction of vanadium and uranium, are also provided. A program to improve the economics of Energy Metals’ flagship Bigrlyi project was initiated this year with a particular focus on studies to enhance the value of vanadium as a by-product commodity in a future Bigrlyi mining operation. Bigrlyi sandstone-hosted uranium-vanadium ores contain vanadium in various mineral forms that can be extracted by conventional acid leaching processes without the need for the extreme conditions required in the processing of more widely known magnetite-hosted vanadium. Bigrlyi uranium-vanadium ores are mineralogically identical to those of the Colorado Plateau district of the USA, which has a decades-long history of co-mining and co-recovery of uranium and vanadium; the extraction and recovery processes of uranium and vanadium from sandstone-hosted deposits are therefore well understood. | |
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