Date:May 25, 2018
Aura Energy has identified a new high-grade vanadium zone close to surface at its wholly-owned Häggån battery metals project in Sweden.
The zone was identified after the company conducted an orebody modelling study, during which it also conducted a new resource estimate. The global resource of vanadium pentoxide (V2O5) is now considered to be 15.1 billion pounds.
According to the company, the orebody modelling was designed to evaluate the potential for higher grade vanadium zones in the Häggån deposit.
“This newly defined high-grade zone provides an excellent location to start an open pit, which will result in the rare event of mining the best ore grades.”
The modelling defined a high-grade Vanadium zone of 90 million tonnes at 0.42% V2O5.
Aura Energy executive chairman Peter Reeve said: “The discovery that a large high-grade vanadium zone exists close to surface in the Häggån deposit provides a significant boost to the economics of this battery metals project.
“Clearly, this newly defined high-grade zone provides an excellent location to start an open pit, which will result in the rare event of mining the best ore grades from the very start of the project.”
