What's new pussycat?
Infill drilling planned post-BFS to improve resource categories and extend the resource envelope.
Additional work will be conducted post the Bankable Feasibility Study (BFS) in this area.
Block 70 mineralisation is currently excluded from the mine schedule for the BFS as it is located just south of the granted Mining Licence ML 51/878. Block 70 has an Inferred Mineral Resource of 14.2Mt at 0.99% V2O5 which AVL will upgrade to Indicated Mineral Resources with infill drilling, post BFS.
This latter area does not currently form part of the BFS, but is relevant as it further supports higher iron grades observed in the concentrates produced for the southern block.
AVL has developed reliable relationships to define the degree of oxidation within mine blocks and is optimising the final BFS mining schedule accordingly.
Next Steps
Following completion of the BFS, AVL will undertake further drilling to increase the Mineral Resource category in parts of Blocks 50, 60 and 70 and expand the Mineral Resource into Block 90.
(20min delay)