Audalia Resources Limited is an ASX-listed company (ASX Code: ACP) the owner of the Medcalf Vanadium/Titanium Project located in the premier Lake Johnston nickel-producing region of Western Australia.
An aggressive metallurgical test work programme is underway at the Medcalf Project to determine the likely processing method and likely metallurgical recoveries for vanadium. Upon completion of this programme, Audalia expects to be in a position to announce an upgrade to the current Inferred JORC compliant Inferred Resource to an Indicated Resource. Subsequently, Audalia will initiate a scoping study to review the economics of the Medcalf Project.
Audalia also holds the Gascoyne Project where previous explorer’s first pass RC drill testing of one of the best soil anomalies has returned significant intercepts of 2.3% lead, 0.9% copper and 0.3% zinc. In addition, Audalia has identified a Manganased target in the recent mapping and sampling of Banded Iron Formations on the project.
Audalia also continues to actively review and assess other projects in the resource sector, both in Australia and overseas, by way of acquisition or investment/ joint venture.