11:25 04 Oct 2017
The program aims to determine the nature of the mineralised domains.
The company recently delivered an updated resource of 179.6 million tonnes at 0.75% vanadium at Gabanintha, which includes a measured and indicated resource of 35.5 million tonnes at 0.75% vanadium.
Previously, in November 2015, the company revealed encouraging initial metallurgical test work conducted on drill hole samples.
A recommendation from the associated reports was to conduct detailed test work using core samples.
Australian Vanadium is now commencing a detailed follow up test work by engaging AMEC Foster Wheeler.
The detailed program aims to determine the nature of the mineralised domains present in the resource at Gabanintha.
This work will include geometallurgical characterisation, comminution, gravity and magnetic separation testwork.
Following the testwork program, AMEC Foster Wheeler will analyse flowsheet concepts and determine a preferred option to allow the company to commence preliminary project cost modelling.
Subsequent to the flowsheet definition, Australian Vanadium aims to commence a mining study, including pit optimisation and a preliminary economic assessment of an initial mine schedule.
Vincent Algar, managing director, commented: “Developing Gabanintha is our primary objective. We already have demonstrated suitable geology, size and grade and excellent concentrate recovery from our past work.
“This new work will seek to provide an improved understanding of the techno economic aspects of the project and move towards a final optimised design.”