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Currie Rose Acquires Two Advanced Battery Metal Projects in North Queensland Australia
Toronto, Ontario--(Newsfile Corp. - October 27, 2021) - Currie Rose Resources Inc. (TSXV: CUI)...
About this update from Velox Energy Materials Inc
[{"type":"text","content":"Currie Rose Acquires Two Advanced Battery Metal Projects in North Queensland AustraliaToronto, Ontario--(Newsfile Corp. - October 27, 2021) - Currie Rose Resources Inc. (TSXV: CUI) (\"Currie\" or the \"Company\") is pleased to advise the company will acquire 100% of two Vanadium (Battery Metal) Projects (the \"Project\") located in Central North Queensland, Australia (Figure 1). Highlights:Currie to acquire 100% of two advanced Vanadium (Battery Metal) assets in North Queensland.On completion of all approvals, Currie will have two ASX listed companies as equal major shareholders:Chalice Mining Limited (Market cap ~C$2.3B) andLiontown Resources Limited (Market Cap ~C$3.23B)The Project includes:the historic Cambridge Vanadium deposit that:– hosts a JORC 12 compliant Inferred Resource of [email protected] V2O5%1– is the easterly continuation of the Lilyvale Vanadium deposit that contains a JORC compliant, Indicated & Inferred resource of 560Mt @ 0.48 V2O5% (currently in Feasibility - ASX: Horizon Minerals LTD)2Promising initial independent metallurgical test work on the historical Cambridge deposit3Significant Vanadium intercepts at several drilled locations including:– Flinders River,– Runnymede and– Silver HillsLarge areas of underexplored, prospective, outcropping, vanadium rich host strata (Toolebuc Formation)Significant historic exploration data from previous explorersThe Project is:A District scale package, covering approximately 1,240km2 (124,000Ha)Close to infrastructure (rail, power & road) and enroute to Townsville PortVanadium has been listed by the Canadian, Australian and United States of America Governments as a critical mineral for both steel alloys and low carbon battery technologies, notably the Vanadium Redox Flow Thru Battery which is building momentum for commercial battery storage applicationsGovernments are providing substantial incentives to Company's working in the Vanadium Redox Flow Battery technology sectorThe deposits are located in the North West Queensland Mt Isa Townsville Economic Zone (MITEZ) corridor which has been flagged as an area which will receive substantial funding for infrastructure to encourage development of critical minerals, other commodities and industry in the region. Figure 1 - North Queensland Vanadium Project LocationTo view an enhanced version of...