Mount Ridley Mines extracts 96% vanadium from test
Pontos principais
- Mount Ridley Mines successfully extracted 96% of vanadium from titanomagnetite using its proprietary process.
- The company share price traded higher following the release of the technical results.
- The project aims to expand the commercial application of its process across multiple mineral feed types.
Mount Ridley Mines (ASX:MRD) extracted 96% vanadium from a third-party titanomagnetite sample using its proprietary Selectro process.
The result marks the second successful test on a third-party feed using the two-stage leaching method.
The company stated that the test recovered 96% vanadium, 49% titanium, and 78% iron without using high-temperature salt roasting.
Mount Ridley Managing Director and CEO Allister Caird commented, “Building on the strong results achieved from bauxite, this result is further evidence that Selectro is a processing platform with applications well beyond Grass Patch. Titanomagnetite is the world’s primary source of vanadium, but it has historically been processed for vanadium alone.”
A second leaching stage increased titanium recovery from 9% to 48% after initial loading constraints were removed.
The company stated that adding titanomagnetite broadens the potential market for licensing its processing technology.
Following the announcement, the Mount Ridley Mines share price was up at $0.047.
Titanomagnetite joins Grass Patch clay and bauxite as feed types tested by the company to demonstrate commercial scale.
A larger bauxite test is underway to evaluate the full mine-to-metal extraction process for commercial partners.
