The Nowthanna mining lease ML 51/771 is located 47 km south east of Meekatharra and is accessible from the Great Northern Highway.
- Vanadium and Uranium are co-mineralised at Nowthanna Hill
- Using a 250 ppm V2O5 cutoff the project has an Inferred Mineral Resource of 3.60 million tonnes at 337ppm V2O5 (2Mlbs) on the AVL tenements and is not additive to the uranium mineral resource estimate.
- Using a 200ppm U3O8 cutoff the project has an Inferred Mineral Resource of 4.73 million tonnes at 404ppm U3O8 (4.2Mlbs) on the AVL tenements and is not additive to the vanadium mineral resource estimate.
The Nowthanna Hill resource estimate was completed by SRK Consulting using a database containing all historical data on AVL’s tenements as well as the adjacent and surrounding data from the latest Toro Energy 2011 resource estimate, with Toro’s permission. Toro has reported a Mineral Resource at Nowthanna of 13.5Mt at 399ppm U3O8 at a 200ppm cutoff which equates to 11.9Mlbs of uranium, (source: Toro Energy website). The resource estimation and mineral resource statement is confined to the two AVL tenements M51/771 and E51/1899 and excludes the Toro Nowthanna and Nowthanna South deposits, although all historical and Toro data were used in the estimation.
Nowthanna Hill project is available for sale or joint venture. The Project is located on granted mining lease M51/771 with executed native title agreement.
No new uranium mining is currently permitted in Western Australia.
For further information, see AVL’s announcement dated 31st May 2019: https://www.australianvanadium.com.au/announcements/nowthanna-hill-mineral-resource-estimate-for-vanadium-and-uranium/