Medcalf V-Ti-Fe Project

Project Highlights

  • Strategic metal asset containing three valuable metals – Vanadium, titanium and iron
  • 100% Audalia Resources owned.
  • Resource exploration indicated high grade vanadium and titanium resources.
  • Orebody close to surface, low risk and simple mining operation, low capital expenditure (CAPEX) < $38M.
  • Wide market application of project products.
  • Ony 220km from Esperance deep water port.
  • Strong global growth forecast for project products.

Overview

The Medcalf Project is a vanadium-titanium-iron project located some 470 kilometres south east of Perth near Lake Johnston, Western Australia. The Medcalf Project comprises of one granted exploration licence E63/1855, two miscellaneous licences L63/75 and L63/94 and two General Purpose licences G63/10 and G63/12 as well as mining lease M63/656. Together these licences cover a total area of 38 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 the Medcalf Project to date include completing:

  • signed Land Access and Heritage Agreement with The Ngadju People.
  • obtaining Environment approval.
  • signed non-binding MOU with Southern Ports Authority (SPA) for access to the Port of Esperance.
  • 240 RC holes for 8,286m.
  • 19 PQ metallurgical core holes for 839.2m.
  • A JORC (2012) Indicated and Inferred Resource (Feb 2022) of 25.7Mt @ 9.98% TiO2, 0.52% V2O5 and 50.9% Fe2O3 using a 6% TiO2 lower cut.
  • Updating the 2022 Pre-feasibility study with current costs.
  • Infill drilling to upgrade the Inferred mineral resource to Indicated and completing geotechnical drilling for inputs for the mine design.
  • Mine plan for a mining proposal.
  • Procuring the offtake agreement for the products.
  • Securing capital expenditure (CAPEX) funding.