New Market Perspective
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

New Market Perspective

Investing

Higher Vanadium and Iron Concentrate Grades Highlighted in Testwork

by admin March 12, 2024
March 12, 2024
Higher Vanadium and Iron Concentrate Grades Highlighted in Testwork

Australian Vanadium Limited (ASX: AVL, “the Company” or “AVL”) is pleased to announce progress on the work being undertaken by the Company to integrate the two adjoining projects located across one orebody, following the successful completion of its merger with Technology Metals Australia (TMT).1

KEY POINTS

Following the recent merger, metallurgical testwork confirms the trend of higher vanadium and iron concentrate grades towards the south of the combined project and supports further investigation of a commercial scale ilmenite product.Vanadium concentrate grades for Block 70 average up to 1.6% V2O5, consistent with the results from the Yarrabubba deposit (Block 80).Higher iron grade in concentrate averages greater than 60% for Block 70.Results suggest a high-grade project can be optimised across an unconstrained southern strike extent, with potential for increased economic benefits.

Prior to the merger, TMT owned tenements at the northern end of the orebody and a small block at the southern end of the orebody, known as the Yarrabubba deposit. The Yarrabubba deposit was entirely surrounded by AVL’s tenements, significantly constraining development by TMT (see Figure 1 below).2

As part of the Optimised Feasibility Study (OFS) being conducted by AVL to inform the preferred project development pathway for the integrated project,1 work has progressed to maximise the possible economic return through access to the high-grade southern area of the orebody, which previously straddled the two projects. This work has included metallurgical testwork on parts of the orebody adjoining the Yarrabubba deposit.

CEO, Graham Arvidson comments, “This testwork bolsters our view that a long-life, high-grade integrated project at the southern areas of the combined project can be defined quickly based on historical work by removing the constraints from TMT’s previously landlocked Yarrabubba deposit and adding to it similar mineralisation within the historical AVL deposit. The team will use this testwork within the broader integration studies, with the aim of improving the economics of the project via reduced capital and operating costs. This has the potential to deliver a material increase in value for our shareholders.”

The combined project on one orebody is broken by several regional scale faults which split the deposit into a series of blocks. The Yarrabubba deposit has now become Block 80 of AVL’s combined deposit and abuts AVL’s Block 70 deposit (see Figure 1 above).

Click here for the full ASX Release

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
International Graphite Receives R&D Refund and Firms Up Cash Position
next post
House GOP leaders tear up Biden’s new $7.3T budget proposal

Related Posts

Amarc Resources Soars After Major Copper-Gold-Silver Discovery in...

January 22, 2025

Spearmint Announces Arrangements to Address Mailing Delays Resulting...

December 28, 2024

Rare Earths Stocks: 9 Biggest Companies in 2025

April 8, 2025

Gold Price Hits New Record as Fed Holds...

March 20, 2025

Lake Resources NLMaiden Ore Reserve Defined at Flagship...

December 20, 2023

Bifurcation a Big Test of Miners’ Mettle

September 13, 2024

Quetzal Copper Mobilizes for Maiden Drill Program at...

January 16, 2025

Crypto Market Recap: Bybit Suffers US$1.5 Billion Hack,...

February 25, 2025

Is Now a Good Time to Invest in...

February 7, 2024

Heritage Provides Exploration Update on New Millennium Prospect

March 24, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • White House reveals highest-paid staffers–and 8 taking no salaries

      July 3, 2025
    • Trump $3.3T megabill sets House record for longest vote in history

      July 3, 2025
    • Iran nuclear program set back 2 years after US strikes: Pentagon

      July 3, 2025
    • Airlines secretly sold US travelers’ data to Homeland Security

      July 3, 2025
    • White House reveals highest-paid staffers – and 8 taking no salaries

      July 3, 2025
    • Jeffries stalls Trump’s ‘big, beautiful bill’ for hours after House GOP mutiny breakthrough

      July 3, 2025

    Popular

    • 1

      Top 5 Junior Copper Stocks on the TSXV in 2023

      December 22, 2023
    • 2

      Crypto Market 2023 Year-End Review

      December 22, 2023
    • 3

      Canada Silver Cobalt Begins Drilling at Lowney-Lac Edouard in Quebec, Targeting Nickel-Copper-Cobalt Mineralization

      December 22, 2023
    • 4

      10 Top Oil-producing Countries (Updated 2024)

      October 19, 2024
    • 5

      Top 10 Uranium-producing Countries (Updated 2024)

      April 18, 2024
    • 6

      Powered by rain, this seed carrier could help reforest the most remote areas

      December 19, 2023
    • 7

      A troubling theory about traders profiting from Hamas’ attack on Israel drew much attention. Why it may not be so simple.

      December 13, 2023

    Categories

    • Business (1,397)
    • Investing (3,435)
    • Politics (4,507)
    • World (4,410)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: newmarketperspective.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 newmarketperspective.com | All Rights Reserved