BEIJING (Asian Metal) 6 Feb 20 – On February 4, Australian Vanadium Limited announced results from the drill program completed in December 2019 on the southern strike extensions at the Australian Vanadium Project which is located south of Meekatharra in Western Australia.
The Company intersected shallow high-grade vanadium mineralization from the southern infill drilling. Excellent results include the two highest grade and width intersections at shallow depths reported by the Company to date, above 1.25% V2O5 through the consistent massive vanadium titanium horizon.
The outstanding results will underpin an updated resource model in the southern areas. The shallow intercepts and the relatively higher magnetic response relating to weathering are extremely encouraging.
The results of the drilling will fulfill the planned objectives, being to significantly increase the potential mine life or scale of the Project to beyond the current 17 years as defined in the PFS5 and to enable better informed decisions on the optimal scale and mine life of the Project.
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