Interim reveals ‘world-class’ vanadium resource
EXPLORATION junior Interim Resources has revealed a large, high grade vanadium mineral resource at its Richmond project in North QLD.
Drilling activities have revealed an inferred mineral resource of 2.579 billion tonnes grading at 0.32 per cent vanadium, making it one of the largest vanadium deposits in the world.
Additional metallurgical test work is being conducted and initial results are expected in the June quarter this year.
“The Richmond project hosts a globally significant vanadium resource amenable to low cost, shallow open cut mining in close proximity to existing road, rail and ports,” Interim managing director Jon Price said.