Yellow Rock Resources has announced the increase and upgrade in the mineral resource at the Gabanintha vanadium-iron-titanium project in Western Australia.
The completed resource statement report on the vanadium-iron-titanium deposit at the Gabanintha project defines it as the Australia’s highest grade massive magnetite hosted vanadium deposit.
The main points of the report are:
1. An increase in the total Mineral Resource to 151.5 million tonnes from 90 million tonnes to 100 meters depth
2. The total contained Vanadium metal has increased by 30%
3. The total high grade Resource is now 70 million tonnes at 0.87% V2O5
4. The identification of shallow scree resource of 12 million tonnes at 0.43% V2O5 and low grade hanging wall resource of 70 million tonnes at 0.39% V2O5
5. The Vanadium Mineral Resource is also rich in iron and titanium
This unique ore type stacking would allow the exploitation of a low grade feed to an onsite ferrovanadium plant similar to that at Windimurra as well as the direct shipping of a lump or fine Balla Balla style iron rich feedstock on the single site.
New drilling will confirm mineralization types and grades to the current depth of 100 meters and will also test the depth of the ore body to 300 meters to include both high grade magnetite ilmenite vanadium as well as the lower grade hanging wall resource.
Source: Proactive Investor
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