[Ferro-Alloys.com] Richmond Vanadium Technology progresses Richmond-Julia Creek Project BFS; metallurgical sample drilling underway

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Richmond Vanadium Technology progresses Richmond-Julia Creek Project BFS; metallurgical sample drilling underway

Richmond Vanadium Technology Ltd (ASX:RVT) has kicked off a metallurgical sample drill program, comprising large diameter bucket drilling, within the Lilyvale Deposit of the Richmond-Julia Creek Vanadium Project in North Queensland.

The company has advised that all holes will be immediately rehabilitated, with the program expected to be completed within one week.

Samples collected will be used for independent confirmation testing of the company’s patented process flowsheet, as part of the bankable feasibility study (BFS) representing ore to be mined in the stage 1 pit of the project. What’s more, a geotechnical engineer is on site together with the company’s chief geologist and will provide a report on rock quality and material properties for pit design.

Progressing BFS

RVT CEO Dr Shaun Ren said: “The commencement of the met sample drill program represents another step as we progress our BFS for the Richmond-Julia Creek Vanadium Project. “To ensure accuracy for future mining, we are taking this sample from various depths within the Stage 1 pit area which targets the first 25 years of production.“We are fully committed to completing the BFS and commencing this met program is another achievement towards this goal.”

Drill highlights

The Caldwell bucket has a diameter of 900 millimetres and has the capability of delivering approximately one tonne of material for each vertical metre drilled.  Richmond hardware and rural supplies company Golden Run Rural designed a hopper to ensure the safe and efficient collection of the material into bulk bags for easy transport.

• [Editor:tianyawei]