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Old 06-28-2017, 03:32 AM
Sparty Sparty is offline
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Join Date: Mar 2009
Posts: 1,765
Default Extract Vanadium + Rare earth elements from Oil Sands

I wonder if many people know that ASX: IRC stands to gain from: Ucore is working with a major Alberta oil sands producer to extract metals like titanium, REEs and vanadium from bitumen.

ASX: IRC owns the Richmond Oil Shale, Vanadium + Mo Project, one of the world’s largest vanadium deposits, located in North QLD.
  • Located 50km north of Richmond QLD, granted tenements covering 2,300km2
  • Oxide JORC compliant Measured, Indicated & Inferred Resource of 5.308 billion tonnes grading 0.375% V2O5 + 295g/t MoO3 including the high-grade Lilyvale Resource:
  • 87.7Mt grading 0.55% V2O5 + 384g/t MoO3
  • Potentially very large Oil Shale Resources recoverable via Open Pit mining 15-60 metres depth
  • Conceptual Target of 500-1,000 million barrels of oil
  • IRC retains ownership of metal values in the Julia Creek tenements held by Global Oil Shale plc
  • Metallurgical Testwork on upgrading oil shale in progress

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Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice.

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