VANADIUM BATTERY METALS PROJECT

Introduction to Our Vanadium Project

Vecco Group is developing the well known, world class Debella Vanadium Deposit in Queensland Australia. 

The Project is located near Julia Creek in the world class North-West Queensland energy and minerals province. This province is home to world renowned mines like BHP’s (South 32 Limited) Cannington Mine and Glencore’s Mount Isa Mine. Rio Tinto Exploration is directly adjacent to our projects where Vecco had a first mover advantage.

The Debella Vanadium project contains a high grade (up to 0.80% V2O5), large JORC vanadium resource. Mining conditions for the project are excellent, with the target seam commencing at shallow depths with a flat dip and free-dig overburden.

Vecco is targeting initial production in 2021, primarily producing a vanadium pentoxide product and vanadium electrolyte for the vanadium redox flow battery markets. The project will also produce molybdenum and includes an option for power generation as a by-product. Production from the mine will supply the growing global Vanadium Redox Battery manufacturing market and steel industry.

Project Highlights
  • Project timing:   Mining Lease Application in 2019 – Definitive Feasibility Study to be completed in 2020
  • Low cost operation:   Low Life of Mine (LOM) operating costs
  • Shallow Resource:   From only 16.4m, the resource has a very low strip ratio
  • Mine Life:  >50 year LOM
  • Beneficiation:   Low cost beneficiation
  • Proven processing technology:   Atmospheric leaching of the vanadium ore and standard vanadium pentoxide recovery process. Additional upgrading process for vanadium electrolyte.
  • No vanadium off-take agreements in place
  • All assets and operations are 100% owned by Vecco Group.
JORC Resources


JULIA CREEK VANADIUM PROJECTS RESOURCES SUMMARY

DEBELLA PROJECT
JORC CLASSIFICATION TONNES (mt) V2O5 (%) MO (ppm)
Indicated 45.1 0.47 306
Inferred 130.1 0.43 277
ARIZONA PROJECT
JORC CLASSIFICATION TONNES (mt) V2O5 (%) MO (ppm)
Inferred 610 0.44 274
Exploration Target 850-1,100 0.45 276
UTAH PROJECT
JORC CLASSIFICATION TONNES (mt) V2O5 (%) MO (ppm)
Exploration Target 2,500 – 3,000 0.26 – 0.50 250 – 500
Note: Neodymium and Praseodymium resources are not included in the above table
Project Location

 

Located north of Julia Creek in Queensland, the Vecco Projects are situated close to existing infrastructure, including roads, rail and power. Positioned north of surrounding vanadium and molybdenum projects, including Multicom Resources and Queensland Energy and Minerals (QEM), Vecco is rapidly developing its high grade vanadium resources.

To register your interest in a supply or offtake agreement