BEIJING (Asian Metal) 3 Jul 19 – On July 3, Australian-based Thor Mining Plc (“Thor”) and Arafura Resources Limited (“Arafura”) advised a plan to further advance exploration of and assess potential development options for the Jervois Vanadium Project in the Northern Territory of Australia. The project is held in joint venture between Arafura (60%) and Thor (40%).
Substantial exploration history including 60 RC (reverse circulation) holes drilled between 2006 and 2008 intersected extensive potentially economic grades of vanadium and titanium. Substantial laboratory testwork has demonstrated potential to produce concentrates with grades of 1-2% V2O5, which are comparable to others around the globe, with attractive (61-69%) recoveries.
Future work will focus on resource drilling the Casper, Coco, and RD (previously known as “Misty”) deposits, testing other prospects for potential economic grades of vanadium and titanium, and follow up work on the gold and PGE potential on all prospects. Subject to successful completion of these activities, next steps would include further metallurgical studies, along with environmental and social impact studies.
The joint venture objective is to seek project level investors to advance this project through resource development and subsequent feasibility and permitting activities.
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