In­terim re­veals ‘world-class’ vana­dium re­source

The Australian Mining Review - - NEWS: EXPLORERS ON THE MOVE - QLD

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.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.