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Audalia Resources Limited (ACP)
is a publicly listed company on the Australian Securities Exchange (ASX).
About Audalia Resources Limited
Audalia Resources Limited is an ASX-listed company (ASX Code: ACP) the owner of the Medcalf Vanadium/Titanium Project located in the premier Lake Johnston nickel-producing region of Western Australia.
An aggressive metallurgical test work programme is underway at the Medcalf Project to determine the likely processing method and likely metallurgical recoveries for vanadium. Upon completion of this programme, Audalia expects to be in a position to announce an upgrade to the current Inferred JORC compliant Inferred Resource to an Indicated Resource. Subsequently, Audalia will initiate a scoping study to review the economics of the Medcalf Project.
Audalia also holds the Gascoyne Project where previous explorer’s first pass RC drill testing of one of the best soil anomalies has returned significant intercepts of 2.3% lead, 0.9% copper and 0.3% zinc. In addition, Audalia has identified a Manganased target in the recent mapping and sampling of Banded Iron Formations on the project.
Audalia also continues to actively review and assess other projects in the resource sector, both in Australia and overseas, by way of acquisition or investment/ joint venture.
The Medcalf Project is a vanadium-titanium project located some 470 kilometres south east of Perth near Lake Johnson, Western Australia. The Medcalf Project comprises five granted Exploration Licences E63/1068, E63/1133, E63/1134, E63/1405 and E63/1406 and Prospecting Licences P63/1528-33 inclusive and P63/1560 and P63/1561 covering a total area of 24 km2.
The Medcalf Project lies in the southern end of the Archaean Lake Johnston greenstone belt. This greenstone belt is a narrow, north-northwest trending belt approximately 110 km in length. It is located near the south margin of the Yilgarn Craton, midway between the southern ends of the Norseman-Wiluna and the Forrestania-Southern Cross greenstone belts.
Activities conducted by Audalia at the Medcalf Project to date include completing:
- A review of historic exploration activities;
- Geological mapping and soil sampling programmes;
- A rock chip sampling programme;
- An Ethnographic Heritage Survey;
- An Archaeological Heritage Survey;
- A Level 1 Flora Survey and Conservation Management Plan;medcalf_2
- A 28 RC drillhole drilling programme;
- A JORC Inferred Resource; and
- An infill drilling of an additional 95 RC drillhole on a 80m by 80m drill pattern in order to complete the proposed upgrade from the current Inferred Resource category to Indicated;
- 2 PQ core holes for metallurgical testwork; and
- Stage One of the Level 2 Flora and Fauna study.
Future planned work at the Medcalf Project includes completing:
- The metallurgical test work programme to determine the likely processing method and likely metallurgical recoveries for the Medcalf Project;
- The upgrade to the current Inferred JORC compliant Resource to an Indicated Resource upon completion of the metallurgical test work programme; and
- Stage Two of the Level 2 Flora and Fauna study (to be completed in completed in Autumn 2014).
The Gascoyne Project comprises 100% owned tenements covering 311km2 that are highly prospective for Lead (Pb), Zinc (Zn) and Copper (Cu) deposits, located in the Gascoyne Region, Western Australia. It is located approximately 250km to the east of Carnarvon and 1,200km north from Perth.
The Gascoyne Project covers an area of mid-Proterozoic aged, metamorphosed sediments and volcanic rocks which have been subjected to several phases of tectonic deformation and intruded by granitoids. Exploration work and drilling to date has used the geological model of base metal mineralisation being associated with coincident soil geochem and "thumbprint" magnetic anomalies. Historical RC drill testing from one of these targets has returned significant intercepts of 2.3% Pb and 0.9% Cu. Lead sulphide (galena) and copper sulphides (chalcopyrite) were identified in the drill chips.
Activities conducted by Audalia at the Gascoyne Project to date included completing:
- An IP survey programme;
- A geological mapping programme;
- A rock chip sampling programme;
- A trap stream sediment programme; and
- A soil geochemistry programme; and
- Exploration for gold by conducting a rock chip and trap stream sediment sampling programme over the entire tenement package.
The results concluded that the Gascoyne Project is not prospective for gold however the programme did identify anomalous results for base metals exploration. Of particular interest are the elevated results of manganese from the rock chip sampling of the Banded Iron Formations (BIF) outcrops.
Audalia Resources Limited
Office F, Level 1
1139 Hay Street
West Perth, WA
+61 8 9321 0715
Fax: +61 8 9321 0721
The General Overview, Services, Products and Projects information for this profile was last edited on 04 Aug 2016.