Yellow Rock Resources Limited listed on the ASX on 21st February 2007 - ASX Code YRR.
The company's flagship asset is the outcropping high-grade Gabanintha Vanadium Deposit in Western Australia. The deposit currently comprises a JORC 2004 code compliant Mineral Resource of;
- 125.8 million tonnes @ 0.70% V2O5, 8.64% TiO2 and 32.60% Fe including a separate high-grade zone of;
- 60.4 million tonnes @ 0.98% V2O5, 11.40% TiO2 and 42.15% Fe.
The Indicated and Inferred resource is open at depth and is particularly high-grade compared to producing mines and development projects across the globe. Initial engineering concept studies have demonstrated an operation to mine and beneficiate ore to produce ferro-vanadium is technically and commercially viable.
Recent developments in vanadium redox battery technology for grid-scale energy storage with improved vanadium demand fundamentals have underpinned technical assessment into production options including high purity vanadium pentoxide and by-products. The Company is focused on definition of the most economical start-up mining and product combination that minimises capital expense and maximises value.
In addition to the Gabanintha Vanadium Project, Yellow Rock has an exciting portfolio of high-grade copper and gold exploration targets at Gabanintha where recent drilling has intersected significant mineralisation including;
- 5m @ 8.72g/t Au and 3.05% Cu from 31m downhole in hole GRC1158 and;
- 5m @ 9.64g/t Au and 0.18% Cu from 58m downhole in hole GRC1159.
Read more about the Gabanintha project on the Projects page.
Mission and Objectives
The Company's mission is to increase shareholder wealth through capital growth and dividends by the discovery of economic mineral deposits and the development of profitable mining operations. The Company's initial objective is to explore and further evaluate their existing mining tenements. The Company may also evaluate other prospective mining projects that would have the potential to contribute to the Company's future growth.
Opportunities to acquire other mineral projects complementary to the Company's present tenement portfolio may be pursued.
Read more about the Company's Gabanintha project on the Projects page.