Mustang reports maiden resource at Caula
PERTH (miningweekly.com) – ASX-listed Mustang Resources has reported a maiden Joint Ore Reserves Committee-compliant resource of 22-million tonnes, at 0.37% vanadium pentoxide, at its Caula vanadium/graphite project, in Mozambique.
The Caula project is currently estimated to host some 81 600 t of vanadium pentoxide.
The entire vanadium resource is classified as measured, and is subdivided into the oxidized zone, which contains 8.9-million tonnes, and the fresh zone, which contains 13.1-million tonnes.
The vanadium resource is in addition to the graphite resource at Caula, which is currently estimated at five-million tonnes, at 13% total graphitic carbon.
“This is an exceptional result, with over 81 000 t of contained vanadium pentoxide, particularly given that the entire resource is in the measured category,” said Mustang MD Bernard Olivier.
“With vanadium pentoxide prices running at more than $40 000/t, the Caula resource translates to a highly valuable resource.”
Olivier said that the potential of the project is even greater as the vanadium is mica-hosted, and associated with graphite mineralisation, as well as potentially far cheaper to extract and recover through two simple processing steps, compared with most vanadium projects where the vanadium is located in a complex titaniferous magnetite orebody.
Mustang earlier this month agreed to a A$10-million merger of its resource assets in Mozambique with those of TSX-V listed Fura Gems, in order to focus on the Caula project.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...
VISIT SHOWROOM
Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
