Estimated update resources of the Australian Vanadium for Gabanintha



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Australian Vanadium increased its resource estimate to Gabanintha Vanadium Project, the company's leading badet in Western Australia.

Australian Vanadium (ASX: AVL) Increased Resource Estimate at Gabanintha Vanadium Project Western Australia

Upgraded, measured, indicated, and presumed resource is now set at 175.5 million tonnes (Mt) at 0.77 percent vanadium, with a higher grade section of 93.6 Mt at 1 percent vanadium. In the high-grade zone, measured mineral resources range from 10.1 Mt to 1.11% vanadium, with 4.9 Mt to 1.09% vanadium in the indicated category and 78.6 Mt at 0.98% with an alleged designation.

The understanding of the deposit, and our very strong vanadium team, will allow us to use the knowledge as we move forward in the project, "said Vince Algar, Australian General Manager Vanadium, in its press release


. The company also diverted 0.8 Mt from the resource to the higher grade resource, while the overall resource was reduced by 5 Mt to remove the lower grade ore. </p>
<p>  announced a growing concentration of cobalt in the project. According to the latest site survey, Gabanintha contains cobalt, nickel and copper mineralization. The initial estimate of inferred mineral resources of 12.5 Mt contains 202 parts per million (ppm) cobalt, 659 ppm nickel and 222 ppm copper. </p>
<p>  Australian vanadium has confidence in these initial resources of cobalt, nickel and copper and in vanadium resources have reduced risks in the Gabanintha resource base. Key base metal values ​​and important geometallurgical parameters added significantly to the value and quality of the mine plan. </p>
<p>  "We Will Develop the Metallurgical and Economic Aspects of the Project in our Pre-Feasibility Study (SSP)" </p>
<p>  Additional revenue may also be generated by the potential sale of a cobalt, nickel and copper sulphide by … "</p>
<p>" This significant revision of Gabanintha's resource further reduces the foundation upon which we can build an outstanding Australian project, "adds Algar. </p>
<p>  In the future, the pre-feasibility study file is nearing completion, leaving the technical and risk badysis aspects of the PFS to be completed by the end of 2018. </p>
<p>  Australian Vanadium shares lost 2.4% Thursday (July 5th), t AU $ 0.04 </p>
<p>  <em> Do not forget to follow us <a href= @INN_Resource
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Disclosure of Securities: I, Georgia Williams, not a direct interest in a company mentioned in this article

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