AusVan owns the Allaru Vanadium Project located north west of Julia Creek in Queensland, Australia.
AusVan’s Allaru Vanadium Project is located 60km north-west of Julia Creek in Queensland, Australia. The project contains a 25km strike length of high grade sedimentary hosted vanadium. The project is located in a Tier 1 mining jurisdiction surrounded by excellent infrastructure of the North West Minerals Province. The Allaru Project is a sedimentary deposit, with the resource hosted in Cretaceous Toolebuc Formation. The majority of the ore body is contained within the shallow weathered zone. Primary vanadium enrichment occurs in the shale portion of the formation.
The 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.