The new mining licence application, complements and extends AVLs position over the deposit at Gabanintha.<\/p>\n
() has extended its footprint for the Australian Vanadium Project atGabanintha in WA's Mid-West with a mining licence application covering southern mineral resource fault blocks.<\/p>\n
The resource within the lease application area (MLA 51\/890) contains inferred resources in fault blocks 60 and 70totalling27.5 million tonnes at 0.76% vanadium pentoxide including 14.8 million tonnes at 0.99% of high-grade (HG) massive magnetite zone.<\/p>\n
A 3D Magnetic Inversion model shows that there is anadditional strike of 500 metres with the potential for further high-quality resources pending drilling.<\/p>\n
AVL managing director Vincent Algar said: Australian Vanadium has now consolidated its entire strike of mineralisation into mining licence applications, ensuring a strong future for the project.<\/p>\n
The mineral resources in MLA 51\/890 will not form part of the bankable feasibility study (BFS), but will offer opportunities for optimisation, scaling of production and mine-life extensions in the future.<\/p>\n
The proposed process to extract vanadium uses a magnetic separation circuit and AVL has identified that the magnetic susceptibility can be used to target areas that show higher magnetism and less weathering nearer the surface.<\/p>\n
A 3D magnetic inversion model was completed using 50-metre aeromagnetic flight lines from a 2006 survey over the entire length of the magnetite with the result aiding targeting for the drilling of fault blocks 50 and 60 completed in December 2019.<\/p>\n
The drilling results add flexibility to the mine schedule in the BFS, allowing strongly magnetic material to be processed early in the mine life, increasing vanadium recovery.<\/p>\n<\/p>\n
Project location and tenure with mining lease application MLA 51\/890 southern extension.<\/p>\n
The mineral resources defined within the licence area were estimated using results from a series of drilling programs conducted on the deposit in 2008, 2009, 2015 and 2019.<\/p>\n
Fault block 70 has an existing inferred mineral resource based on drilling completed during 2008 and 2009, with best results of<\/p>\n
The addition of the southern fault blocks to a mining lease application also increases the opportunity for an extension of the mine life at the project.<\/p>\n
Mineral resources within AVLs main licence area of 208.4 million tonnes at 0.74% vanadium pentoxide including 87.9 million tonnes at 1.06% of HG zonewill continue to be the primary basis for the BFS.<\/p>\n
As well as optimising the mine-life, the new application provides flexibility for future infrastructure works to support two open pits as well as containing waste dumps, topsoil stockpiles, haulage roads and a mining service area.<\/p>\n
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Original post: <\/p>\n
Australian Vanadium consolidates position with new mining licence to extend flagship project - Proactive Investors Australia<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The new mining licence application, complements and extends AVLs position over the deposit at Gabanintha. () has extended its footprint for the Australian Vanadium Project atGabanintha in WA's Mid-West with a mining licence application covering southern mineral resource fault blocks. The resource within the lease application area (MLA 51\/890) contains inferred resources in fault blocks 60 and 70totalling27.5 million tonnes at 0.76% vanadium pentoxide including 14.8 million tonnes at 0.99% of high-grade (HG) massive magnetite zone. Continue reading