Australian Vanadium holds and operates Five mineral projects located in Western Australia and the Northern Territory.
The Gabanintha Vanadium Project consists of the Gabanintha high-grade V-Ti-Fe deposit located in the Murchison Province approximately 43kms south of the mining town of Meekatharra in Western Australia. The project consists of eight granted exploration licenses and one exploration license application in the Gabanintha Formation in the north of the Murchison granite-greenstone terrane of the Archaean Yilgarn Craton.
The Gabanintha Copper-Gold Project is located on surrounding and adjacent areas of the Gabanintha Vanadium Project near Meekatharra in Western Australia. The project comprises a highly prospective package of mafic/ ultramafic volcanics and intrusives of the Gabanintha Formation. Significant historic mining has occurred in the area with the most prominent being during the period 1987 – 1991 where the former Dominion Mining NL (now owned by Monument Mining Limited; MMY.V) open pit mined a series of gold deposits located directly north along strike from the Gabanintha Project. Deposits mined by Dominion include Yagahong, Yagahong North, Kavanagh, Terrells, Canterbury and Tunblegum. The Tumblegum Deposit is located ~ 500m north of the project boundary and is interpreted to extend into Australian Vanadium’s leases at the Tumblegum South Prospect.
The Nowthanna exploration license application MLA 51/771 is located 47 km south east of Meekatharra and is accessible from the Great Northern Highway.
The tenement covers a portion of the calcrete Palaeo-channel near the Quinn’s Lake inland drainage. The predominant minerals are developed from extensive weathering and leaching of uranium-bearing domes and nearby Archaean mafic and ultramafic rocks that are high in vanadium.In the late 1990s Acclaim Uranium NL actively explored the Nowthanna area and drill defined a historic resource which was confirmed by Yellow Rock in 2012. The JORC 2004 compliant Indicated Resource on MLA 51/771 is 3,059,000t @ 0.437 kg/t U3O8 (see ASX release dated 20 December 2012)