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Audalia eyes PFS at Medcalf

18th August 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – Junior Audalia Resources is preparing to start work on a prefeasibility study (PFS) at its Medcalf vanadium project, in Western Australia, following a significant upgrade at the deposit.

The ASX-listed Audalia said on Monday that about 72% of the resource was now estimated to be in the indicated category, accounting for about 23-million tonnes at 0.47% vanadium oxide.

This was in addition to an inferred resource of 8.8-million tonnes, grading 0.40% vanadium oxide.

The latest resource statement compared with a maiden inferred resource of 28.5-million tonnes, grading 0.50% vanadium oxide, which was declared in 2013.

The company said the upgraded resource confirmed the potential for the Medcalf project to support a viable mining operation, and underpinned Audalia’s intention to continue development work and to undertake a PFS.

Edited by Creamer Media Reporter

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