Significant Improvement in Vanadium Grade in Phase 1 Sizing Metallurgical Testwork
Original announcement by tmx on
- Company
- Velox Energy Materials Inc.
- Ticker
- VLX
- Exchange
- TSX
- Region
- Queensland, Australia
- Primary commodity
- Vanadium
- Secondary commodities
- Molybdenum
- Document categories
- Metallurgy
- Extracted
- 2026-09-13 06:55:52 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Velox Energy Materials reported significant grade improvements in its Phase 1 metallurgical sizing testwork at the Cambridge Vanadium Deposit. Specifically, the -38μm fraction returned vanadium grades of up to 0.98% V2O5, representing a 2.4 to 3.65x improvement over the initial head grades.
Reasoning: Phase 1 sizing testwork demonstrated significant grade enrichment in the fine fraction, providing a strong foundation for upcoming flotation tests.
Positive factors
- Significant grade improvement in -38μm fraction
- Pre-float grade of 0.98% V2O5 achieved
- QA/QC protocols and independent labs disclosed
- Low-cost mining potential (near surface, soft sediments)
Negative factors
- Phase 1 is early-stage sizing only; flotation testing pending
Facts used in scoring: 4
Classification and evidence
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: Testwork involves sizing and preparation for flotation.
Evidence · text
“Commencement of sighter flotation testing”
Single Domain Onlynegative
Testing limited to one composite or domain — representativeness not established.
Why it applies: only one composite was tested
Extracted facts
Stored fact records: 4. Some facts used in scoring do not have a stored record.
Metallurgical Results (4)
sizingNorth Queensland Vanadium Project · vanadiumHead Grade: 0.23Head Grade Unit: % V2O5View all detailsHide details
Identity
- Project
- North Queensland Vanadium Project
- Commodity
- vanadium
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- VLX
Test Work
- Program Status
- preliminary
- Test Type
- sizing
- Processing Route
- sizing
- Sample
- Composite 1 head grade
Recovery
- Head Grade
- 0.23
- Head Grade Unit
- % V2O5
Lab
- Laboratory
- Brisbane Met Labs (BML)
- Consultant
- BHM Process Consultants (BHM)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2024-04-25T00:00:00.000Z
Reasoning: Baseline head grade for Composite 1.
Evidence · text
“Head grade results of 0.23% V 2 O 5 from Composite 1”
sizingNorth Queensland Vanadium Project · vanadiumHead Grade: 0.41Head Grade Unit: % V2O5View all detailsHide details
Identity
- Project
- North Queensland Vanadium Project
- Commodity
- vanadium
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- VLX
Test Work
- Program Status
- preliminary
- Test Type
- sizing
- Processing Route
- sizing
- Sample
- Composite 2 head grade
Recovery
- Head Grade
- 0.41
- Head Grade Unit
- % V2O5
Lab
- Laboratory
- Brisbane Met Labs (BML)
- Consultant
- BHM Process Consultants (BHM)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2024-04-25T00:00:00.000Z
Reasoning: Baseline head grade for Composite 2.
Evidence · text
“0.41% V 2 O 5 from Composite 2 received”
sizingNorth Queensland Vanadium Project · vanadiumHead Grade: 0.84Head Grade Unit: % V2O5View all detailsHide details
Identity
- Project
- North Queensland Vanadium Project
- Commodity
- vanadium
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- VLX
Test Work
- Program Status
- preliminary
- Test Type
- sizing
- Processing Route
- sizing
- Sample
- Composite 1 (-9.5mm sub split) within the -38μm fraction
Recovery
- Head Grade
- 0.84
- Head Grade Unit
- % V2O5
Lab
- Laboratory
- Brisbane Met Labs (BML)
- Consultant
- BHM Process Consultants (BHM)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2024-04-25T00:00:00.000Z
Reasoning: High grade achieved in the -38um fraction via sizing.
Positive factors
- Significant grade improvement in fine fraction
Evidence · text
“Composite 1 (-9.5mm sub split) within the -38μm fraction returning assays of 0.84% V 2 O 5”
sizingNorth Queensland Vanadium Project · vanadiumHead Grade: 0.98Head Grade Unit: % V2O5View all detailsHide details
Identity
- Project
- North Queensland Vanadium Project
- Commodity
- vanadium
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- VLX
Test Work
- Program Status
- preliminary
- Test Type
- sizing
- Processing Route
- sizing
- Sample
- Composite 2 (-9.5mm sub split) within the -38μm fraction
Recovery
- Head Grade
- 0.98
- Head Grade Unit
- % V2O5
Lab
- Laboratory
- Brisbane Met Labs (BML)
- Consultant
- BHM Process Consultants (BHM)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2024-04-25T00:00:00.000Z
Reasoning: Exceptional grade improvement in the fine fraction.
Positive factors
- High pre-float grade achieved
Evidence · text
“Composite 2 (-9.5mm sub split) within the -38μm fraction returning assays of 0.98% V 2 O 5”
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.