Julia Creek Vanadium Project
The Julia Creek Project consists of two granted exploration permits, EPM 26915 and 29624, for 64 sub blocks covering approximately 270 square kilometres. The tenements within the Julia Creek Project are expected to host elevated values of vanadium.
The key consequential vanadium deposits in Queensland occur in the Richmond-Julia Creek region in North Queensland, hosted by Lower Cretaceous Toolebuc Formation bituminous, calcareous oil shales of the Eromanga Basin and extending north into the Carpentaria Basin.
Two granted exploration permit areas covering approximately 270 square kilometres.
The Saint Elmo deposit is located 40 kilometres away containing a Total Resource of 494Mt @ 0.28% V₂O₅ and 140ppm Mo.
Project tenements cover the same shale units and are expected to host similar grade mineralisation.
A reconnaissance field trip to confirm the extent of outcropping prospective Toolebuc Formation is scheduled for 2nd quarter 2019.