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Old 06-28-2017, 03:32 AM
Sparty Sparty is offline
Join Date: Mar 2009
Posts: 1,147
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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