19.7 C
Supported byspot_img

Aura defines new vanadium zone at Sweden project

Member of Europium Groupspot_img
Supported byspot_img

Dual-listed Aura Energy has identified a new high-grade vanadium zone at its Häggån project in Sweden, resulting in an overall mineral resource estimate increase.

Resource modelling defined an inferred resource of 15.1-billion pounds at 0.26% of vanadium pentoxide, at a cutoff of 0.1%. At a cutoff grade of 0.4%, the resource contains about 90-million tonnes at 0.42% V2O5, containing 840-million pounds of vanadium.

About 49-million tonnes at 0.4% V2O5 start at a depth of 20 m below the surface and extends to about 100 m below the surface.

Supported by

“The discovery that a large high-grade vanadium zone exists close to surface in the Häggån deposit provides a significant boost to the economics of this battery metals project. Clearly, this newly defined high-grade zone provides an excellent location to start an openpit, which will result in the rare event of mining the best ore grades from the very start of the project,” said executive chairperson Peter Reeve.

Häggån contains economically significant levels of vanadium, nickel, zinc, molybdenum and other battery metals, including uranium.

Aura confirmed that the recent changes to the Swedish Mineral Act, which will prevent the recovery of uranium, would not have a material impact on the project. The government has confirmed its commitment to other metals used for battery production, such as vanadium. In fact, Sweden has allocated special funding for the search for battery metals, which Aura would seek to tap into.

Source: miningweekly

Supported byElevatePR Digital

Related News

Rio Tinto challenges Serbian government with arbitration notice on Jadar project

Background of the dispute: Jadar project and environmental protests The British-Serbian activist group Earth Thrive has reported that Rio Tinto has officially notified the Serbian...

There is no technology that guarantees the safe processing of lithium in the form it exists in Serbia

The Rio Tinto lithium mining project has never been conclusively dismissed, just paused, waiting for the dust to settle before being reintroduced with even...

“Jadar” will not pollute river streams

As the discussion about the "Jadar" project has reignited in recent days, the public in Serbia remains confused by the extremely contradictory narratives about...

Serbia’s lithium mining revival: Implications for EU membership and geopolitics

Serbia is aiming to position itself as a significant supplier of lithium in Europe, reviving a contentious mining project that was previously abandoned due...
Supported by
Supported by
Supported by
error: Content is protected !!