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King River Copper targets vanadium titanium market-18th China(Guangzhou)Int¡¯l Non-Ferrous Metal£¨Copper£©Exhibition
4/25/2017 Copper exhibition -non-ferrous metals expo |
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Proactive Investors reported that King River Copper plans to complete a concept study to examine the feasibility of producing vanadium and titanium from the Speewah Vanadium-Titanium Project in Western Australia.
The move is supported by new technology and developing market opportunities for green metals in energy storage, chemicals, and titanium and steel alloys. The study will examine the feasibility of producing of vanadium pentoxide and titanium dioxide from the Speewah Central vanadium deposit.
Speewah¡¯s historical 2004 JORC resource was Australia¡¯s largest vanadium in magnetite deposit.
Last Friday, King River closed its share purchase plan raising in excess of its stated maximum USD 754,794.
The concept study has been driven by improvements in vanadium and titanium prices, and potential increases in the demand for high purity vanadium and titanium products and vanadium redox flow batteries.
Speewah has a JORC 2004 resource of 4.7 million tonnes grading 0.17% vanadium and 2.0% titanium across three deposits Central, Buckman and Red Hill.
The concept study will be focused on the Central deposit.
Previous beneficiation test work at the project produced over 2% vanadium pentoxide in a magnetite concentrate, the highest grade vanadium magnetite concentrate in Australia.
The new studies require a JORC 2012 compliant resource, new hydrometallurgical leach test-work, a pit design study, and overview of the developing vanadium and titanium market studies.
A detailed review into the potential of producing vanadium electrolyte will be included in this study.
The major objective of the concept study will be to allow a scoping study to be completed to begin assessing project economics.
-18th China(Guangzhou)Int¡¯l
Non-Ferrous
Metal£¨Copper£©Exhibition
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