Medcalf V-Ti-Fe Project

Project Highlights

  • Strategic metals asset containing three valuable metals – vanadium, titanium and iron
  • 100% Audalia Resources owned
  • Resource exploration indicates high grade vanadium and titanium resources
  • Orebody close to surface, low risk and simple mining operation
  • Wide market application of project products
  • Only 220kM from Esperance deep water port
  • Strong global growth forecast for project products.

Overview

The Medcalf Project is a vanadium, titanium and iron project located some 470 kilometeres south east of Perth near Lake Johnson, Western Australia. The Medcalf Project comprises one granted Mining Lease M63/656 and two granted Exploration Licenses E63/1133, and E63/1134 covering a total area of 24 km2.

The Medcalf Project lies in the southern end of the Archaean Lake Johnston greenstone belt. This greenstone belt is a narrow, north-northwest trending belt approximately 110 km in length. It is located near the south margin of the Yilgarn Craton, midway between the southern ends of the Norseman-Wiluna and the Forrestania-Southern Cross greenstone belts.
Activities conducted by Audalia at the Medcalf Project to date include completing:

  • a review of historic exploration activities;
  • detailed geological mapping;
  • aerial photography;
  • several rock chip sampling programme;
  • an Ethnographic Heritage Survey;
  • an Anthropological Heritage Survey;
  • an Archaeological Heritage Survey;
  • signing a Definitive Land Access Agreement with the Ngadju People;
  • a Level 1 and 2 Flora and Fauna Survey and 3 Conservation Management Plans;
  • 123 RC drillholes for 3,556m;
  • a JORC Indicated and Inferred Resource of 31Mt @ 0.45%V2O5 and 8.4%TiO2;
  • 19 PQ core holes for metallurgical testwork; and
  • A Pre-Feasibility study (PFS).

Future planned work at the Medcalf Project includes completing:

  • the metallurgical test work programme to determine the likely processing method and likely metallurgical recoveries for the Medcalf Project; and
  • a Definitive Feasibility Study during 2017.

A map setting out the interpretive geology of the Medcalf Project may be downloaded here

(new clickable link for geology map = MD053 Medcalf geology.pdf)

Mineral Resource

An Independent Mineral Resource Estimation on the Medcalf Deposit was completed by Ravensgate on August 14th, 2014. A JORC (2012) compliant Indicated and Inferred resource of a total of 31.8Mt @ 0.45% V205 and 8.36% TiO2 was calculated shown below.

Indicated & Inferred JORC (2012) Resource Estimate

Native Title Agreement
The Ngadju People are traditional owners of the land. In November 2015, Audalia signed a Land Access and Heritage Agreement with the indigenous traditional owners of the land “The Ngadju People”. This led to the granting of M63/656 Mining Lease for the Medcalf Project by the State Government. The Agreement covers a range of commercial and non-commercial terms.