Horizon tabled a colossal 1.8 Billion tonne resource at 0.36 per...

Horizon tabled a colossal 1.8 Billion tonne resource at 0.36 per cent vanadium pentoxide at Richmond-Julia, with metallurgical test work showing that a high value concentrate can be easily and cheaply produced via conventional processing.

Horizon Minerals Managing Director, Jon Price, said: “Infill drilling at Lilyvale has demonstrated the improved scale and quality of the resource that can be readily upgraded on site for conventional downstream processing. Lilyvale alone can provide globally significant electrolyte and flake product to meet the increasing demand for both the steel and emerging energy storage markets. We look forward to the completion of the commercial evaluation as part of the Feasibility Study.”

The Richmond-Julia Creek project is a joint venture between Horizon and privateer, Richmond Vanadium Ventures Pty Ltd or “RVT”, with the latter earning 75 per cent of the project by spending A$6 million before March 2021, which will include a feasibility study.

https://thewest.com.au/business/public-companies/horizon-onto-colossal-vanadium-resource-in-qld-c-1105399