Date: Apr 18, 2018
The titanium resource is 2.4x larger and the vanadium resource is 4x larger.
The Exploration Target shows how much further the resource can potentially grow
Neometals Ltd (ASX:NMT) has expanded the JORC resource of its 100% owned Barrambie Project in Western Australia.
The new resource estimate is 280.1 million tonnes grading 9.18% titanium dioxide and 0.44% vanadium pentoxide to 80 metres vertical depth.
This results in a contained titanium resource exceeding 25 million tonnes and contained vanadium resource exceeding 1.2 million tonnes.
Includes high-grade section of resource
Barrambie’s global resource includes high-grade sections of both titanium and vanadium.
The high-grade titanium subset totals 53.6 million tonnes grading 21.17% titanium and 0.63% vanadium pentoxide.
The high-grade vanadium subset totals 64.9 million tonnes grading 0.82% vanadium and 16.9% titanium.
