0.5 C
Belgrade
22/01/2025
Mining News

Great Republic Mining explores high-potential vanadium resources on Porcher Island

Porcher Island, located off the coast of Prince Rupert, is predominantly accessible by helicopter due to its offshore position. Despite previous limited demand for vanadium, the property, renowned for its elevated levels of titanium and vanadium, is now attracting attention.

Canadian junior mining company, Great Republic Mining, is gearing up to explore the potential vanadium resources at a former gold mine site on the sprawling 3,122-hectare property. Historic concentrations at the site have indicated promising vanadium grades ranging from 0.34% to 0.84% V2O5. The property, conveniently situated just 39km from the deep-water port of Prince Rupert, shows promise for expansion in various directions.

Supported by

A 2019 field program involved extensive aerial surveying and rock sampling, further enhancing the propertyโ€™s appeal for potential development. Great Republic Mining CEO, Fred Davidson, referred to Porcher Island as a โ€œsurprisingly excitingโ€ property and expressed confidence in its potential. โ€œAt this point in time, itโ€™s an early-stage project, but itโ€™s certainly gone beyond that first level of first pass,โ€ Davidson said.

Vanadium, a versatile transition metal, finds applications in various industries, particularly in strengthening steel for construction, aerospace, and automotive sectors. It is also gaining popularity for grid energy storage through vanadium-based batteries, such as vanadium redox flow batteries (VRFBs), known for their long lifespan and high efficiency.

China leads in vanadium production, followed by Russia and South Africa, with significant deposits found in Brazil and Australia. The growing demand for vanadium has spurred exploration efforts on Porcher Island, supported by a substantial magnetic anomaly indicating the presence of vanadium.

โ€œWith the grades weโ€™re seeing, weโ€™re probably going to have to be fairly aggressive about (exploration),โ€ Davidson noted. โ€œVanadium right now is in short supply. Most of it is produced by people you donโ€™t want to associate with. I think itโ€™s going to attract some attention.โ€

Related posts

India nears decision on import restrictions for metallurgical coke

AMMC aims for record production by 2030 with major copper, gold and silver expansion projects

Kazatomprom partners with Jordan uranium mining company for joint uranium projects

error: Content is protected !!