AusVan has launched with the acquisition of the Allaru Vanadium Project in Queensland Australia. Located in the world class North West Minerals Province, the Allaru Project is surrounded by high quality infrastructure in a world renounced mining district.
Bordered by Rio Tinto to the west, the Allaru project has a JORC Inferred Resource of 618Mt at 0.45% V2O5 and Exploration Target of 1,100Mt. The Vanadium Resource includes grades of up to 0.78% V2O5.
The resource remains open in all directions, progressively shallower to the east where it daylights. Clear opportunity to increase the tonnage with near surface high grade, enriched oxide zones to the east of current resource as well as increasing global tonnage. AusVan is planning to drill out the deposit in preparation for completing PEA by the end of 2020. As demand for vanadium continues to grow, AusVan is expediting its program to meet demand.