Australian Vanadium modifies Gabanintha resource, adds cobalt estimate

Date: Jul 05, 2018

Australian Vanadium (AVL) has updated its mineral resource at the Gabanintha vanadium project in Western Australia with details of a high-grade zone and an emerging cobalt focus.

AVL’s measured, indicated and inferred mineral resource at Gabanintha has been modified to 175.5 million tonnes (Mt) at 0.77 per cent V2O5. The update includes a measured and indicated mineral resource of 34.1Mt at 0.77 per cent V2O5

The revised mineral resource estimate includes a “geologically distinct massive vanadium-bearing high-grade zone” that is the focus of economic studies. The measured, indicated and inferred mineral resource estimate for the high-grade zone is 93.6Mt at 1 per cent V2O5.

In addition, AVL released an inferred mineral resource estimate of 12.5Mt containing 202ppm cobalt, 659ppm nickel, 222ppm copper and 0.14 per cent sulphur.

AVL managing director Vincent Algar said the release of the initial cobalt, nickel and copper resource and modifications to the vanadium resource added confidence and reduced risk in the Gabanintha resource base.

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