INTERVIEW
“ We have revised all the previous information and data that we have , captured it and reanalysed it and were able to record that huge 96 % resource increase ”
– Vince Algar , Managing Director of Australian Vanadium Ltd .
resource infrastructure at the site . This happened on two occasions . First up , 2015 .
“ Our detailed drilling program back in 2015 really allowed us to move our resources from inferred to indicated resources , providing us with much more confidence in the detailed structure of the deposit ,” says Algar .
But , as the market continued to rally , a further study was needed and in September this year AVL announced that it had “ significantly upgraded ” the resource at Gabanintha . This significant upgrade came in the shape of a 96 % increase in mineral resource tonnes , with the total resource now standing at 179.6Mt .
This , the company stated in an announcement , strengthens AVL ’ s position as a globally significant high-grade vanadium deposit .
For Algar , it further solidified the confidence that AVL has placed in Gabanintha .
“ We have improved the scale ,
10 December 2017