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Reserves + Resources

Gabanintha Vanadium Deposit – Mineral Resource Estimate

Material JORC Resource Class Million tonnes V205% Fe% Ti02% SI02% AL203% L0I%
High Grade Measured 10.2 1.06 41.6 12.0 11.6 8.6 4.2
Indicated 4.8 1.04 41.9 11.5 12.0 8.0 3.6
Inferred 77.8 0.94 41.2 10.7 12.7 7.9 3.3
Sub-total 92.8 0.96 41.3 10.9 12.16 8.0 3.4
Low Grade 2-5 Indicated 20.5 0.52 24.3 7.1 27.9 17.6 8.4
Inferred 61.8 0.50 26.2 7.0 26.9 16.1 7.2
Sub-total 82.4 0.51 25.7 7.0 27.2 16.5 7.5
Trans 6-8 Inferred 4.5 0.66 28.4 7.2 24.5 16.6 8.4
Sub-total 4.5 0.66 28.4 7.2 24.5 16.6 8.4
Total Measured 10.2 1.06 41.6 12.0 11.6 8.6 4.2
Indicated 25.4 0.62 27.7 7.9 24.9 15.8 7.5
Inferred 144.1 0.75 34.4 9.0 19.2 11.7 5.2
Total 179.6 0.75 33.8 9.0 19.6 12.1 5.4

 

Note: Mineral Resource estimate using a 0.3% V2O5 cutoff for low grade and 0.7% V2O5 cutoff for high grade (total numbers may not add up due to rounding).

Competent Person’s Statement

The information on this website that relates to Exploration Results and Exploration Targets is based on and fairly represents information and supporting documentation prepared by Mr Brian Davis (Consultant with Geologica Pty Ltd). Mr Davis is a shareholder of Australian Vanadium Limited. Mr Davis is a member of the Australasian Institute of Mining and Metallurgy and has sufficient experience of relevance to the styles of mineralisation and types of deposits under consideration, and to the activities undertaken to qualify as Competent Persons as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Specifically, Mr Davis consents to the inclusion on this website of the matters based on his information in the form and context in which they appear.

 

The information on this website that relates to Mineral Resources is based on and fairly represents information compiled by Mr Lauritz Barnes, (Consultant with Trepanier Pty Ltd) and Mr Brian Davis (Consultant with Geologica Pty Ltd). Mr Davis is a shareholder of Australian Vanadium Limited. Mr Barnes and Mr Davis are members of the Australasian Institute of Mining and Metallurgy and have sufficient experience of relevance to the styles of mineralisation and types of deposits under consideration, and to the activities undertaken to qualify as Competent Persons as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Specifically, Mr Barnes is the Competent Person for the estimation and Mr Davis is the Competent Person for the database, geological model and site visits. Mr Barnes and Mr Davis consent to the inclusion on this website of the matters based on their information in the form and context in which they appear.