Australian Rare Earths

Australian Alternative Energy Forum


Not Really a Forum, more of my memory aid.


Comments on this forum should never be taken as investment advice.


Go Back   Alternative Energy Forums > Alternative Energy Discussion > Mass Storage for Green Energy

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #1  
Old 02-13-2013, 01:05 PM
Sparty Sparty is offline
Administrator
 
Join Date: Mar 2009
Posts: 1,765
Default Julia Creek Vanadium - world's largest Vanadium resource gets a chance

The news that the Qld. Govt. has plans to "approve the development of a commercial shale oil industry" has seen a flurry of excitement in Intermin Resources (ASX:IRC).

What isn't widely appreciated that by mining Julia Creek's shale oil resource one of the world's largest and richest vanadium deposits will become commercially viable and that ASX: IRC controls the associated Vanadium and Molybdenum resources under an agreement reached with Xtract Energy (LSE: XTR)

"Intermin has large tenement holdings in the Julia Creek and Richmond areas of Queensland which host large oil shale resources. In 2005, Intermin assigned its rights to the oil and hydrocarbons in these deposits to Xtract Energy plc but retained the rights to Vanadium/Molybdenum and other metals from the oil shale and residues from oil shale mining.

Recently, Xtract Energy plc entered into an agreement with Global Oil Shale (GOS) for the assignment of its interests in the Julia Creek sector of the deposits thereby providing GOS with the opportunity to develop the deposits if viable and meeting environmental criteria.

Intermin has been in discussions with GOS for some time regarding a joint approach for processing of oil shale for recovery of contained oil and the metal values."

This was why IRC went up 36% today albeit on fairly low volume. But what a future could lie ahead. And once again we have to recognize the smarts of elephant hunter Dr Michael Ruane.


Australian companies with JORC Vanadium Resources (V2O5 t)

More about Australian vanadium

 

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.

Reply With Quote
 

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT. The time now is 09:21 PM.


Powered by vBulletin® Version 3.8.1
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.