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Venus Metals Corporation Ltd.
Summary
| Project: | Youanmi Vanadium | |
|---|---|---|
| Deposit: | Youanmi Vanadium | |
| Location: | Australia | |
| Commodities: | Vanadium-Titanium-Iron | |
| Date: | 3/20/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-3-2019: Venus Metals Corporation Ltd. announces a Resource Estimation report for its Youanmi Vanadium deposit at the Youanmi Vanadium project. Amended previous mineral resource estimate. Mr Matthew Hogan, Managing Director of Venus Metals commented “We | |
| Resources: | (Resource, Total): 134.73Mt @ 0.34% V2O5 | |
| CP/QP: | [Resources]: Lynn Widenbar (Widenbar and Associates Pty Ltd.) | |
| ABSTRACT: | Mr Matthew Hogan, Managing Director of Venus Metals commented “We are very pleased with this result that fully justifies our decision to proceed with a comprehensive drill-out of our vanadium project at Youanmi. As the world transitions into a low-carbon future it will require significantly more power storage capacity. Vanadium is a sustainable metal allowing unlimited storage life and capacity for clean energy as well as stronger, lighter and more resilient steels and alloys for infrastructure and transport. Vanadium is currently at the forefront of technology innovation yet it is in short supply. With our now proven world-scale resource base at Youanmi, we believe we have the potential to unlock the project with new processing technology advancements in vanadium extraction from oxide ore”. | |
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