Geology and Prospectivity
The Buddadoo Mafic Complex trends from titanium rich in the west to vanadium rich in the east. Previously reported metallurgical testwork (ASX announcement 7 February 2019) indicates the titanium is hosted in the magnetic fraction, as titano-magnetite, but a high proportion reports to the non-magnetic fraction as ilmenite, and the vanadium enriched zone is entirely hosted within the magnetic fraction.
CZR is now working with its metallurgical consultant to develop a process flowsheet to test production of separate vanadium and titanium concentrates.
The Mid-West region is experiencing an increase in vanadium exploration and development. The recently announced $217 million merger between Australian Vanadium (AVL) and Technology Metals Australia (TMT) (AVL ASX Announcement 25 September 2023) provides further evidence of the regions potential to become a significant source of vanadium production.