Velox Drilling Identifies High-grade Vanadium Zone within the Cambridge Deposit in Queensland, Australia
Original announcement by tmx on
- Company
- Velox Energy Materials Inc.
- Ticker
- VLX
- Exchange
- TSX
- Region
- Queensland, Australia
- Primary commodity
- Vanadium
- Secondary commodities
- Molybdenum, Rare earth elements
- Document categories
- Drill results, Resource update, Metallurgy
- Extracted
- 2026-09-13 06:59:05 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Velox Energy Materials announced positive drill results from its Phase 1 diamond drill program at the Cambridge Vanadium deposit in Queensland, Australia. The program identified a high-grade vanadium zone at shallow depths with consistent grades, including intercepts up to 1.1 m at 0.84% V2O5. The company also noted a potential rare earth element enrichment zone and confirmed a laterally continuous high-grading layer, enhancing the understanding of the deposit and supporting future resource updates and metallurgical studies.
Reasoning: Velox Drilling reported encouraging high-grade vanadium intercepts at shallow depths within the Cambridge Deposit, confirming a laterally continuous high-grade layer and identifying a potential REE enrichment zone. The program was designed to support resource definition and metallurgical testwork, indicating progress towards de-risking the project. Strong QA/QC procedures enhance confidence in the results.
Positive factors
- High-grade vanadium intercepts exceeding 0.6% V2O5
- Shallow depths of mineralization
- Laterally continuous high-grading layer identified
- Comprehensive QA/QC program disclosed with certified labs and umpire checks
- Drilling designed to support future resource definition and metallurgical testwork
- Identification of REE enrichment zone as potential upside
Negative factors
- Relatively narrow intercept widths
- Vertical drill holes (dip 90 degrees) may not fully represent true width if mineralization is not flat-lying
Facts used in scoring: 19
Classification and evidence
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The release details a comprehensive QA/QC program including blanks, duplicates, standards, umpire checks, and certified laboratories.
Evidence · text
“Velox uses a quality assurance/quality control (QA/QC) program that monitors the chain of custody of samples and includes the insertion of blanks, duplicates, and reference standards in each batch of samples sent for analysis.”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The scientific and technical information in the news release has been reviewed and approved by Michael Griffiths, FAusIMM, a Qualified Person.
Evidence · text
“reviewed and approved on behalf Velox Energy Materials by Michael Griffiths, FAusIMM, Director & VP Exploration for Velox Energy Materials, a Qualified Person.”
Shallow Mineralizationpositive · Story-specific tag
No canonical definition is currently available.
Why it applies: The mineralized zone was identified at shallow depths, with intercepts starting as shallow as 4.4 m from surface.
Evidence · text
“mineralized zone identified at shallow depths”
High Recovery Potentialpositive · Story-specific tag
No canonical definition is currently available.
Why it applies: The drilling was designed to provide ample representative material for metallurgical testwork, indicating a focus on process optimization.
Evidence · text
“provide ample representative material for metallurgical testwork”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The drill program consisted of 'infill large diameter (100mm) 4C diamond core drill holes' designed to increase stratigraphic knowledge and provide data for resource definition.
Evidence · text
“A total of ten (10) infill large diameter (100mm) 4C diamond core drill holes totaling 333 m were completed at the Cambridge Vanadium deposit”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The company explicitly states that the results validate planned next steps including 'a potential update to the existing resource'.
Evidence · text
“validate our planned next steps for the NQVP, which include metallurgical studies, a potential update to the existing resource”
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: The existing Mineral Resource Estimate for the Cambridge Deposit has an effective date of November 2022, making it over a year old.
Evidence · text
“The Indicated Resource of 61.33 Mt @ 0.34% V2O5 and an Inferred Resource of 144.87 Mt @ 0.33% V2O5 for the Cambridge Deposit was announced in November 2022”
All Inferrednegative
M&I share below the weak bound — very early stage, no engineering confidence.
Why it applies: The historical resource estimate includes a significant Inferred component of 144.87 Mt, which is a lower confidence category.
Evidence · text
“Inferred Mineral Resource of 144.87 Mt @ 0.33% V 2 O 5”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: The cut-off grade for the historical molybdenum resource is not explicitly stated, only the vanadium cut-off.
Evidence · text
“Indicated Mineral Resource of 61.33 Mt @ 0.34% V 2 O 5 and 234.6 ppm MoO 3 along with an Inferred Mineral Resource of 144.87 Mt @ 0.33% V 2 O 5 ( cut-off grade of 0.25% V 2 O 5 ) and 241.9 ppm MoO 3”
Extracted facts
Stored fact records: 19. Some facts used in scoring do not have a stored record.
Drill Results (15)
NQVP23_008Cambridge Vanadium deposit · vanadiumGrade: 0.44Grade Unit: %Intercept: 4.7 mView all detailsHide details
Identity
- Hole ID
- NQVP23_008
- Project
- Cambridge Vanadium deposit
- Commodity
- vanadium
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- VLX
Geometry
- Grade
- 0.44
- Grade Unit
- %
- Intercept
- 4.7 m
- From
- 8.6 m
- To
- 13.3 m
- Hole Depth
- 26 m
- Intercept Depth
- 8.6 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- NQVP23_008:8.6-13.3
- Mining Method
- unknown
Location
- Easting
- 695221
- Northing
- 7734412
- CRS
- GDA2020 / MGA zone 54
- EPSG
- 7854
- Dip
- 90 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- Mitra PTS Laboratory and Bureau Veritas and ALS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, umpire
Compositing
- Cutoff Grade
- 0.3
- Cutoff Unit
- % V2O5
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2024-01-23T00:00:00.000Z
Reasoning: This intercept shows a strong vanadium grade at a shallow depth, contributing positively to the understanding of the deposit's high-grade potential and supporting resource definition.
Positive factors
- Strong vanadium grade (0.44% V2O5)
- Shallow intercept depth (8.6 m)
- Part of a resource definition drill program
Evidence · text
“Hole NQVP23_008 - 4.7 m @ 0.44% V 2 O 5 from 8.6 m (0.30%V 2 O 5 cut-off)”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
NQVP23_008Cambridge Vanadium deposit · vanadiumGrade: 0.84Grade Unit: %Intercept: 1.1 mView all detailsHide details
Identity
- Hole ID
- NQVP23_008
- Project
- Cambridge Vanadium deposit
- Commodity
- vanadium
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- VLX
Geometry
- Grade
- 0.84
- Grade Unit
- %
- Intercept
- 1.1 m
- From
- 10.5 m
- To
- 11.6 m
- Hole Depth
- 26 m
- Intercept Depth
- 8.6 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- NQVP23_008:10.5-11.6
- Mining Method
- unknown
Location
- Easting
- 695221
- Northing
- 7734412
- CRS
- GDA2020 / MGA zone 54
- EPSG
- 7854
- Dip
- 90 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- Mitra PTS Laboratory and Bureau Veritas and ALS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, umpire
Compositing
- Cutoff Grade
- 0.3
- Cutoff Unit
- % V2O5
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2024-01-23T00:00:00.000Z
Reasoning: This sub-interval represents a bonanza-grade vanadium intercept, significantly enhancing the overall positive sentiment for the hole and indicating a high-grade core within the mineralization.
Positive factors
- Exceptional vanadium grade (0.84% V2O5)
- Shallow intercept depth (10.5 m)
- Indicates a high-grade zone within the broader intercept
Evidence · text
“including 1.1 m @ 0.84% V 2 O 5 from 10.5 m”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
NQVP23_005Cambridge Vanadium deposit · vanadiumGrade: 0.41Grade Unit: %Intercept: 5.4 mView all detailsHide details
Identity
- Hole ID
- NQVP23_005
- Project
- Cambridge Vanadium deposit
- Commodity
- vanadium
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- VLX
Geometry
- Grade
- 0.41
- Grade Unit
- %
- Intercept
- 5.4 m
- From
- 19.5 m
- To
- 24.9 m
- Hole Depth
- 37 m
- Intercept Depth
- 19.5 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- NQVP23_005:19.5-24.9
- Mining Method
- unknown
Location
- Easting
- 694351
- Northing
- 7735523
- CRS
- GDA2020 / MGA zone 54
- EPSG
- 7854
- Dip
- 90 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- Mitra PTS Laboratory and Bureau Veritas and ALS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, umpire
Compositing
- Cutoff Grade
- 0.3
- Cutoff Unit
- % V2O5
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2024-01-23T00:00:00.000Z
Reasoning: This intercept provides a good vanadium grade over a moderate width, supporting the overall positive outlook for the deposit and its resource potential.
Positive factors
- Strong vanadium grade (0.41% V2O5)
- Moderate intercept length (5.4 m)
- Part of a resource definition drill program
Evidence · text
“Hole NQVP23_005 - 5.4 m @ 0.41% V 2 O 5 from 19.5 m (0.30%V 2 O 5 cut-off)”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
NQVP23_005Cambridge Vanadium deposit · vanadiumGrade: 0.77Grade Unit: %Intercept: 0.8 mView all detailsHide details
Identity
- Hole ID
- NQVP23_005
- Project
- Cambridge Vanadium deposit
- Commodity
- vanadium
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- VLX
Geometry
- Grade
- 0.77
- Grade Unit
- %
- Intercept
- 0.8 m
- From
- 12.9 m
- To
- 13.7 m
- Hole Depth
- 37 m
- Intercept Depth
- 19.5 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- NQVP23_005:12.9-13.7
- Mining Method
- unknown
Location
- Easting
- 694351
- Northing
- 7735523
- CRS
- GDA2020 / MGA zone 54
- EPSG
- 7854
- Dip
- 90 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- Mitra PTS Laboratory and Bureau Veritas and ALS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, umpire
Compositing
- Cutoff Grade
- 0.3
- Cutoff Unit
- % V2O5
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2024-01-23T00:00:00.000Z
Reasoning: This sub-interval highlights a strong vanadium grade within the broader intercept, reinforcing the presence of high-grade mineralization at shallow depths.
Positive factors
- Strong vanadium grade (0.77% V2O5)
- Indicates a high-grade zone within the broader intercept
- Shallow intercept depth (12.9 m)
Evidence · text
“including 0.8 m @ 0.77% V 2 O 5 from 12.9 m”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
NQVP23_004Cambridge Vanadium deposit · vanadiumGrade: 0.47Grade Unit: %Intercept: 4.7 mView all detailsHide details
Identity
- Hole ID
- NQVP23_004
- Project
- Cambridge Vanadium deposit
- Commodity
- vanadium
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- VLX
Geometry
- Grade
- 0.47
- Grade Unit
- %
- Intercept
- 4.7 m
- From
- 9.5 m
- To
- 14.2 m
- Hole Depth
- 36 m
- Intercept Depth
- 9.5 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- NQVP23_004:9.5-14.2
- Mining Method
- unknown
Location
- Easting
- 693047
- Northing
- 7733163
- CRS
- GDA2020 / MGA zone 54
- EPSG
- 7854
- Dip
- 90 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- Mitra PTS Laboratory and Bureau Veritas and ALS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, umpire
Compositing
- Cutoff Grade
- 0.3
- Cutoff Unit
- % V2O5
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2024-01-23T00:00:00.000Z
Reasoning: This intercept demonstrates a strong vanadium grade at a very shallow depth, which is highly positive for potential open-pit mining scenarios and resource definition.
Positive factors
- Strong vanadium grade (0.47% V2O5)
- Shallow intercept depth (9.5 m)
- Part of a resource definition drill program
Evidence · text
“Hole NQVP23_004 - 4.7 m @ 0.47% V 2 O 5 from 9.5 m (0.30%V 2 O 5 cut-off)”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
NQVP23_004Cambridge Vanadium deposit · vanadiumGrade: 0.72Grade Unit: %Intercept: 1.1 mView all detailsHide details
Identity
- Hole ID
- NQVP23_004
- Project
- Cambridge Vanadium deposit
- Commodity
- vanadium
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- VLX
Geometry
- Grade
- 0.72
- Grade Unit
- %
- Intercept
- 1.1 m
- From
- 20.5 m
- To
- 21.6 m
- Hole Depth
- 36 m
- Intercept Depth
- 9.5 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- NQVP23_004:20.5-21.6
- Mining Method
- unknown
Location
- Easting
- 693047
- Northing
- 7733163
- CRS
- GDA2020 / MGA zone 54
- EPSG
- 7854
- Dip
- 90 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- Mitra PTS Laboratory and Bureau Veritas and ALS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, umpire
Compositing
- Cutoff Grade
- 0.3
- Cutoff Unit
- % V2O5
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2024-01-23T00:00:00.000Z
Reasoning: This sub-interval shows a strong vanadium grade, confirming the presence of high-grade mineralization within the broader intercept and adding to the positive outlook.
Positive factors
- Strong vanadium grade (0.72% V2O5)
- Indicates a high-grade zone within the broader intercept
Evidence · text
“including1.1 m @ 0.72% V 2 O 5 from 20.5 m”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
NQVP23_001Cambridge Vanadium deposit · vanadiumGrade: 0.43Grade Unit: %Intercept: 1.6 mView all detailsHide details
Identity
- Hole ID
- NQVP23_001
- Project
- Cambridge Vanadium deposit
- Commodity
- vanadium
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- VLX
Geometry
- Grade
- 0.43
- Grade Unit
- %
- Intercept
- 1.6 m
- From
- 17.4 m
- To
- 19 m
- Hole Depth
- 30 m
- Intercept Depth
- 17.4 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- NQVP23_001:17.4-19
- Mining Method
- unknown
Location
- Easting
- 692239
- Northing
- 7734776
- CRS
- GDA2020 / MGA zone 54
- EPSG
- 7854
- Dip
- 90 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- Mitra PTS Laboratory and Bureau Veritas and ALS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, umpire
Compositing
- Cutoff Grade
- 0.4
- Cutoff Unit
- % V2O5
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2024-01-23T00:00:00.000Z
Reasoning: This intercept from the 0.40% V2O5 cut-off table shows a moderate vanadium grade at shallow depth, contributing to the overall understanding of the deposit.
Positive factors
- Moderate vanadium grade (0.43% V2O5)
- Shallow intercept depth (17.4 m)
Evidence · table
“0.43%”
Context: 1.6
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
NQVP23_002Cambridge Vanadium deposit · vanadiumGrade: 0.49Grade Unit: %Intercept: 1.3 mView all detailsHide details
Identity
- Hole ID
- NQVP23_002
- Project
- Cambridge Vanadium deposit
- Commodity
- vanadium
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- VLX
Geometry
- Grade
- 0.49
- Grade Unit
- %
- Intercept
- 1.3 m
- From
- 10.2 m
- To
- 11.5 m
- Hole Depth
- 31 m
- Intercept Depth
- 10.2 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- NQVP23_002:10.2-11.5
- Mining Method
- unknown
Location
- Easting
- 692122
- Northing
- 7733776
- CRS
- GDA2020 / MGA zone 54
- EPSG
- 7854
- Dip
- 90 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- Mitra PTS Laboratory and Bureau Veritas and ALS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, umpire
Compositing
- Cutoff Grade
- 0.4
- Cutoff Unit
- % V2O5
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2024-01-23T00:00:00.000Z
Reasoning: This intercept from the 0.40% V2O5 cut-off table shows a moderate vanadium grade at shallow depth, contributing to the overall understanding of the deposit.
Positive factors
- Moderate vanadium grade (0.49% V2O5)
- Shallow intercept depth (10.2 m)
Evidence · table
“0.49%”
Context: 1.3
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
NQVP23_003Cambridge Vanadium deposit · vanadiumGrade: 0.49Grade Unit: %Intercept: 2.5 mView all detailsHide details
Identity
- Hole ID
- NQVP23_003
- Project
- Cambridge Vanadium deposit
- Commodity
- vanadium
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- VLX
Geometry
- Grade
- 0.49
- Grade Unit
- %
- Intercept
- 2.5 m
- From
- 14.9 m
- To
- 17.4 m
- Hole Depth
- 37 m
- Intercept Depth
- 14.9 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- NQVP23_003:14.9-17.4
- Mining Method
- unknown
Location
- Easting
- 693171
- Northing
- 7734158
- CRS
- GDA2020 / MGA zone 54
- EPSG
- 7854
- Dip
- 90 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- Mitra PTS Laboratory and Bureau Veritas and ALS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, umpire
Compositing
- Cutoff Grade
- 0.4
- Cutoff Unit
- % V2O5
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2024-01-23T00:00:00.000Z
Reasoning: This intercept from the 0.40% V2O5 cut-off table shows a moderate vanadium grade at shallow depth, contributing to the overall understanding of the deposit.
Positive factors
- Moderate vanadium grade (0.49% V2O5)
- Shallow intercept depth (14.9 m)
Evidence · table
“0.49%”
Context: 2.5
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
NQVP23_004Cambridge Vanadium deposit · vanadiumGrade: 0.65Grade Unit: %Intercept: 1.4 mView all detailsHide details
Identity
- Hole ID
- NQVP23_004
- Project
- Cambridge Vanadium deposit
- Commodity
- vanadium
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- VLX
Geometry
- Grade
- 0.65
- Grade Unit
- %
- Intercept
- 1.4 m
- From
- 20.2 m
- To
- 21.6 m
- Hole Depth
- 36 m
- Intercept Depth
- 20.2 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- NQVP23_004:20.2-21.6
- Mining Method
- unknown
Location
- Easting
- 693047
- Northing
- 7733163
- CRS
- GDA2020 / MGA zone 54
- EPSG
- 7854
- Dip
- 90 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- Mitra PTS Laboratory and Bureau Veritas and ALS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, umpire
Compositing
- Cutoff Grade
- 0.4
- Cutoff Unit
- % V2O5
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2024-01-23T00:00:00.000Z
Reasoning: This intercept from the 0.40% V2O5 cut-off table shows a strong vanadium grade at shallow depth, reinforcing the high-grade potential of the deposit.
Positive factors
- Strong vanadium grade (0.65% V2O5)
- Shallow intercept depth (20.2 m)
Evidence · table
“0.65%”
Context: 1.4
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
NQVP23_005Cambridge Vanadium deposit · vanadiumGrade: 0.6Grade Unit: %Intercept: 2.6 mView all detailsHide details
Identity
- Hole ID
- NQVP23_005
- Project
- Cambridge Vanadium deposit
- Commodity
- vanadium
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- VLX
Geometry
- Grade
- 0.6
- Grade Unit
- %
- Intercept
- 2.6 m
- From
- 10.6 m
- To
- 13.2 m
- Hole Depth
- 37 m
- Intercept Depth
- 10.6 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- NQVP23_005:10.6-13.2
- Mining Method
- unknown
Location
- Easting
- 694351
- Northing
- 7735523
- CRS
- GDA2020 / MGA zone 54
- EPSG
- 7854
- Dip
- 90 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- Mitra PTS Laboratory and Bureau Veritas and ALS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, umpire
Compositing
- Cutoff Grade
- 0.4
- Cutoff Unit
- % V2O5
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2024-01-23T00:00:00.000Z
Reasoning: This intercept from the 0.40% V2O5 cut-off table shows a strong vanadium grade at shallow depth, reinforcing the high-grade potential of the deposit.
Positive factors
- Strong vanadium grade (0.60% V2O5)
- Shallow intercept depth (10.6 m)
Evidence · table
“0.60%”
Context: 2.6
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
NQVP23_006Cambridge Vanadium deposit · vanadiumGrade: 0.67Grade Unit: %Intercept: 1.1 mView all detailsHide details
Identity
- Hole ID
- NQVP23_006
- Project
- Cambridge Vanadium deposit
- Commodity
- vanadium
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- VLX
Geometry
- Grade
- 0.67
- Grade Unit
- %
- Intercept
- 1.1 m
- From
- 8.6 m
- To
- 9.7 m
- Hole Depth
- 25 m
- Intercept Depth
- 8.6 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- NQVP23_006:8.6-9.7
- Mining Method
- unknown
Location
- Easting
- 694201
- Northing
- 7734286
- CRS
- GDA2020 / MGA zone 54
- EPSG
- 7854
- Dip
- 90 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- Mitra PTS Laboratory and Bureau Veritas and ALS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, umpire
Compositing
- Cutoff Grade
- 0.4
- Cutoff Unit
- % V2O5
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2024-01-23T00:00:00.000Z
Reasoning: This intercept from the 0.40% V2O5 cut-off table shows a strong vanadium grade at a very shallow depth, which is highly positive for potential open-pit mining scenarios.
Positive factors
- Strong vanadium grade (0.67% V2O5)
- Very shallow intercept depth (8.6 m)
Evidence · table
“0.67%”
Context: 1.1
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
NQVP23_007Cambridge Vanadium deposit · vanadiumGrade: 0.52Grade Unit: %Intercept: 1.6 mView all detailsHide details
Identity
- Hole ID
- NQVP23_007
- Project
- Cambridge Vanadium deposit
- Commodity
- vanadium
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- VLX
Geometry
- Grade
- 0.52
- Grade Unit
- %
- Intercept
- 1.6 m
- From
- 21 m
- To
- 22.6 m
- Hole Depth
- 36 m
- Intercept Depth
- 21 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- NQVP23_007:21-22.6
- Mining Method
- unknown
Location
- Easting
- 695095
- Northing
- 7733418
- CRS
- GDA2020 / MGA zone 54
- EPSG
- 7854
- Dip
- 90 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- Mitra PTS Laboratory and Bureau Veritas and ALS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, umpire
Compositing
- Cutoff Grade
- 0.4
- Cutoff Unit
- % V2O5
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2024-01-23T00:00:00.000Z
Reasoning: This intercept from the 0.40% V2O5 cut-off table shows a strong vanadium grade at shallow depth, contributing positively to the deposit's grade profile.
Positive factors
- Strong vanadium grade (0.52% V2O5)
- Shallow intercept depth (21 m)
Evidence · table
“0.52%”
Context: 1.6
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
NQVP23_008Cambridge Vanadium deposit · vanadiumGrade: 0.71Grade Unit: %Intercept: 1.6 mView all detailsHide details
Identity
- Hole ID
- NQVP23_008
- Project
- Cambridge Vanadium deposit
- Commodity
- vanadium
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- VLX
Geometry
- Grade
- 0.71
- Grade Unit
- %
- Intercept
- 1.6 m
- From
- 10 m
- To
- 11.6 m
- Hole Depth
- 26 m
- Intercept Depth
- 10 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- NQVP23_008:10-11.6
- Mining Method
- unknown
Location
- Easting
- 695221
- Northing
- 7734412
- CRS
- GDA2020 / MGA zone 54
- EPSG
- 7854
- Dip
- 90 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- Mitra PTS Laboratory and Bureau Veritas and ALS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, umpire
Compositing
- Cutoff Grade
- 0.4
- Cutoff Unit
- % V2O5
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2024-01-23T00:00:00.000Z
Reasoning: This intercept from the 0.40% V2O5 cut-off table shows a strong vanadium grade at shallow depth, reinforcing the high-grade potential of the deposit.
Positive factors
- Strong vanadium grade (0.71% V2O5)
- Shallow intercept depth (10 m)
Evidence · table
“0.71%”
Context: 1.6
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
NQVP23_009Cambridge Vanadium deposit · vanadiumGrade: 0.48Grade Unit: %Intercept: 1.2 mView all detailsHide details
Identity
- Hole ID
- NQVP23_009
- Project
- Cambridge Vanadium deposit
- Commodity
- vanadium
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- VLX
Geometry
- Grade
- 0.48
- Grade Unit
- %
- Intercept
- 1.2 m
- From
- 4.4 m
- To
- 5.6 m
- Hole Depth
- 20 m
- Intercept Depth
- 4.4 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- NQVP23_009:4.4-5.6
- Mining Method
- unknown
Location
- Easting
- 692334
- Northing
- 7735515
- CRS
- GDA2020 / MGA zone 54
- EPSG
- 7854
- Dip
- 90 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- Mitra PTS Laboratory and Bureau Veritas and ALS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, umpire
Compositing
- Cutoff Grade
- 0.4
- Cutoff Unit
- % V2O5
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2024-01-23T00:00:00.000Z
Reasoning: This intercept from the 0.40% V2O5 cut-off table shows a moderate vanadium grade at an extremely shallow depth, which is highly positive for potential open-pit mining scenarios.
Positive factors
- Moderate vanadium grade (0.48% V2O5)
- Extremely shallow intercept depth (4.4 m)
Evidence · table
“0.48%”
Context: 1.2
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
Resource Estimates (4)
indicatedCambridge Deposit · vanadiumTonnes: 61330000Grade: 0.34Grade Unit: % V2O5Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Cambridge Deposit
- Commodity
- vanadium
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- VLX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dufresne et al.
- Resource group id
- resource:51df37146e82a76ca068
Resource Data
- Category
- indicated
- Tonnes
- 61330000
- Grade
- 0.34
- Grade Unit
- % V2O5
- Cutoff Grade
- 0.25
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2022-11-01
Lab
- Laboratory
- Mitra PTS Laboratory and Bureau Veritas and ALS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-01T00:00:00.000Z
Dates
- Event date
- 2024-01-23T00:00:00.000Z
Reasoning: This is a historical Indicated Mineral Resource estimate for vanadium, providing a baseline for the project but not representing new information in this release.
Positive factors
- Significant tonnage in Indicated category
- CIM compliant resource estimate
Negative factors
- Historical estimate, not new information
Evidence · text
“Indicated Mineral Resource of 61.33 Mt @ 0.34% V 2 O 5”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedCambridge Deposit · molybdenumTonnes: 61330000Grade: 234.6Grade Unit: ppm MoO3Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Cambridge Deposit
- Commodity
- molybdenum
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- VLX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dufresne et al.
- Resource group id
- resource:51df37146e82a76ca068
Resource Data
- Category
- indicated
- Tonnes
- 61330000
- Grade
- 234.6
- Grade Unit
- ppm MoO3
- Cutoff Grade
- 0.25
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2022-11-01
Lab
- Laboratory
- Mitra PTS Laboratory and Bureau Veritas and ALS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-01T00:00:00.000Z
Dates
- Event date
- 2024-01-23T00:00:00.000Z
Reasoning: This is a historical Indicated Mineral Resource estimate for molybdenum, indicating byproduct potential but not new information in this release.
Positive factors
- Molybdenum as a potential byproduct
Negative factors
- Historical estimate, not new information
Evidence · text
“234.6 ppm MoO 3”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredCambridge Deposit · vanadiumTonnes: 144870000Grade: 0.33Grade Unit: % V2O5Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Cambridge Deposit
- Commodity
- vanadium
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- VLX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dufresne et al.
- Resource group id
- resource:46f741230f3883b0c82d
Resource Data
- Category
- inferred
- Tonnes
- 144870000
- Grade
- 0.33
- Grade Unit
- % V2O5
- Cutoff Grade
- 0.25
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2022-11-01
Lab
- Laboratory
- Mitra PTS Laboratory and Bureau Veritas and ALS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-01T00:00:00.000Z
Dates
- Event date
- 2024-01-23T00:00:00.000Z
Reasoning: This is a historical Inferred Mineral Resource estimate for vanadium, indicating significant potential but with lower confidence and not representing new information in this release.
Positive factors
- Large tonnage in Inferred category
- CIM compliant resource estimate
Negative factors
- Inferred category has lower confidence
- Historical estimate, not new information
Evidence · text
“Inferred Mineral Resource of 144.87 Mt @ 0.33% V 2 O 5 ( cut-off grade of 0.25% V 2 O 5 )”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredCambridge Deposit · molybdenumTonnes: 144870000Grade: 241.9Grade Unit: ppm MoO3Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Cambridge Deposit
- Commodity
- molybdenum
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- VLX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dufresne et al.
- Resource group id
- resource:46f741230f3883b0c82d
Resource Data
- Category
- inferred
- Tonnes
- 144870000
- Grade
- 241.9
- Grade Unit
- ppm MoO3
- Cutoff Grade
- 0.25
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2022-11-01
Lab
- Laboratory
- Mitra PTS Laboratory and Bureau Veritas and ALS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-01T00:00:00.000Z
Dates
- Event date
- 2024-01-23T00:00:00.000Z
Reasoning: This is a historical Inferred Mineral Resource estimate for molybdenum, indicating byproduct potential but with lower confidence and not new information in this release.
Positive factors
- Molybdenum as a potential byproduct
Negative factors
- Inferred category has lower confidence
- Historical estimate, not new information
Evidence · text
“241.9 ppm MoO 3”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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.