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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