A Globally Significant Vanadium, Resource in Québec, Canada
Our Lac Doré is one of the world’s premier undeveloped vanadium resources hosted in high grade iron & titanium. Conveniently located and accessible just 27 kilometres from the mining the city of Chibougamau in the geopolitically stable, safe and mining friendly jurisdiction of Québec, Canada. Lac Dore represents strategic vanadium battery supply for North America and is one of very few vanadium resources capable of meeting the requirements of quality for vanadium-based energy storage.
What Sets Us Apart
GRADE
One of the Highest
Significant amount of resource grading 1.4% Vanadium Pentoxide in magnetite concentrate.
SIZE
One of the Largest
2,970,000,000 lbs Vanadium Pentoxide
21.8 Million Tonnes Titanium Dioxide
82.7 Million Tonnes Iron
METALLURGY
Exceptional Quality
Low impurities such as silica and low oxidation enable higher yield magnetite concentrates
World Class VTM Resource
View the maiden resource statement news release here.
Mineral Resource Statement at Lac Doré in In-Situ Mineralization
EFFECTIVE OCTOBER 27, 2020
| Category | Mineralized material (Mt) | V2O5 grade (%) | Fe grade (%) | TiO2 grade (%) | Magnetite (%) | V2O5 (tonnes) | Fe (Mt) | TiO2 (Mt) | V2O5 contained (million lbs) |
|---|---|---|---|---|---|---|---|---|---|
| Measured (M) | 23.98 | 0.5 | 33.7 | 9.9 | 34.5 | 128000 | 8.1 | 2.4 | 280 |
| Indicated(I) | 190.96 | 0.4 | 26.3 | 6.7 | 23.4 | 837000 | 50.2 | 12.8 | 1850 |
| M+I | 214.93 | 0.4 | 27.1 | 7.1 | 24.6 | 965000 | 58.3 | 15.2 | 2120 |
| Inferred | 86.91 | 0.4 | 28 | 7.6 | 25.9 | 387000 | 24.4 | 6.6 | 850 |
Mineral Resource Statement at Lac Doré in Magnetite Concentrate
EFFECTIVE OCTOBER 27, 2020
| Category | Magnetite conc. (Mt) | V2O5 grade in conc. (%) | Fe grade in conc. (%) | TiO2 grade in conc. (%) | V2O5 in conc. (tonnes) | Fe in conc. (Mt) | TiO2 in conc. (Mt) | V2O5 contained in conc. (million lbs) |
|---|---|---|---|---|---|---|---|---|
| Measured(M) | 8.27 | 1.2 | 62 | 9.4 | 100000 | 5.1 | 0.8 | 220 |
| Indicated(I) | 44.7 | 1.3 | 62 | 8.5 | 578000 | 27.7 | 3.8 | 1270 |
| M+I | 52.82 | 1.3 | 62 | 8.7 | 678000 | 32.8 | 4.6 | 1490 |
| Inferred | 22.55 | 1.2 | 62 | 9.2 | 277000 | 14 | 2.1 | 610 |
Lac Doré Project Highlights
| Ownership | 100% |
|---|---|
| Location | Chibougamau, Quebec, Canada |
| Commodity | Vanadium for Energy Storage |
| In-situ mineralization resource size | 301,840,000 tonnes containing 2,970,000,000 pounds of vanadium pentoxide |
| Magnetite concentrate resource size | 75,370,000 tonnes containing 2,100,000,000 pounds of vanadium pentoxide |
| Access | 27 km from mining city of Chibougamau, at surface mineralization |
| Metallurgy | Favorable: Exceptionally low impurities facilitate high recovery of vanadium |
| Orientation | High grade stratigraphic units crop at surface and additional units extend at depth and along strike |
| Regional Support | Mining friendly local communities and Cree First Nations, in the Eeyou Istchee James Bay Territory of Quebec, Canada |
| Proximity to similar resources | Adjacent to mine permitted Blackrock Metals $1B+ Project |
| Property Size | Over 45 square km |
| Infrastructure | Nearby road, rail, 161Kv power, workforce, water and airport |
| Ground and airborne geophysics | Confirms largest VTM footprint in the region |
| "Made in Canada" objective | Local transformation of all value add products in Chibougamau Quebec creating a new green economy |
| Sustainable development vision | Green mine, Green Recovery Process for Green Batteries |
| Forward looking statement | Corporate governance section of VanadiumCorp's website |
