The Ace, ADD has made mention in the quarterly updates of phosphate.
Perhaps JR believes QLD is the more prospective area (for ADD)and spending money and resources on this in the current climate would make sense. It is also a plus for RMG if ADD does find something in this area it would be a boost to RMG. Especially if RMG founds something prospective at Mount Coffin and ADD does likewise at QLD.
Adavale is actively exploring for vanadium (V), molybdenum (Mo), uranium (U) and phosphate (P2O5) at the Springvale
Project in Western Queensland. Ten exploration licenses
cover an area of approximately 3000 km2. The Springvale
area has been identified as very prospective for the
formation of ‘blanket’ type and ‘roll front’ ore bodies
within the Toolebuc Formation and Cainozoic sequence and
results of exploration during the quarter confim the
prospectivity.
During the quarter twenty three RAB holes were completed inEPM 15608 aimed at V, Mo, U and phosphate targets in and
adjacent to the Toolebuc Formation. In any future possible mining the V, Mo, U and phosphate would be recovered
collectively. In this context, the drilling and geochemicalresults could be very encouraging.
In addition, the area has been identified as having strong potential for phosphate. Phosphate nodules sampled in
outcropping Toolebuc Formation show up to 30% P2O5 and
field work has indicated that the basal 10m of the
Allaru Mudstone, the formation overlying the Toolebuc
Formation, is phosphatic in part.
Phosphatic nodules and large concretions have now been
found at two widely separate localities, suggesting the
phosphate is developed over a large area. The discovery of
apparently conventional phosphate nodules in the Toolebuc
Formation and a localised occurrence of svanbergit, varietygorceixite (a phosphate mineral containing strontium,
aluminium and sulphur), indicates that the wider area may
be prospective for phosphate.
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