The Nowthanna Hill deposit is located 50km south of Meekatharra in Western Australia and is hosted in carnotite within silicified calcrete layers and carbonate-rich sandy clays.
Vanadium and uranium are co-mineralised at Nowthanna Hill. Using a 250 parts per million (ppm) V2O5 cut-off, the project has an Inferred Mineral Resource of 3.20 million tonnes at 334ppm V2O5 (1Mlbs1.0kT) on M51/771 and is not additive to the uranium Mineral Resource estimate. Using a 200ppm U3O8 cutoff, the project has an Inferred Mineral Resource of 4.22 million tonnes at 409ppm U3O8 (3.8Mlbs) on M51/771 and is not additive to the vanadium mineral resource estimate.
The Nowthanna Hill resource estimate was completed by SRK Consulting in 2019 using a database containing all historical data on AVL’s tenements as well as the adjacent and surrounding data from the latest Toro Energy Limited (Toro) 2011 resource estimate, with Toro’s permission.
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: Nowthanna Hill Mineral Resource Estimate for Vanadium and Uranium