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Audalia Resources Limited ( (AU:ACP) ) has issued an update.
Audalia Resources has updated the pre-feasibility study for its Medcalf vanadium-titanium-iron project, confirming a nine-year mine life and production of high titanium lump and fine ores for blast furnace liner protection, with two development options offering contrasting capital and operating cost profiles. The company also announced a maiden ore reserve of 11.77 million tonnes grading 11.01% TiO2, 0.61% V2O5 and 53.8% Fe2O3, with both mine development scenarios delivering strong net present values and internal rates of return, while work now shifts to completing a Mine Development Closure Plan amid a reduced quarter-end cash balance of $203,000 after exploration spending.
Audalia’s Updated Prefeasibility Study outlines low-capex, high-opex and high-capex, low-opex pathways, each showing robust economics and guiding the next phase of project planning and haul-road strategy. The new reserve statement, underpinned by a 2025 mineral resource estimate and metallurgical test work, reinforces the commercial potential of a direct shipping operation and marks a key milestone in de-risking Medcalf for stakeholders as the company advances permitting and development planning.
More about Audalia Resources Limited
Audalia Resources Limited is an Australian minerals explorer focused on the Medcalf Project, a vanadium-titanium-iron deposit located about 470 kilometres south-east of Perth in Western Australia’s Lake Johnston greenstone belt. The project aims to produce high titanium lump and fine ore products for use in blast furnace refractory lining protection, positioning the company in specialty iron ore and titanium-related markets.
Average Trading Volume: 35,182
Technical Sentiment Signal: Sell
Current Market Cap: A$20.8M
Find detailed analytics on ACP stock on TipRanks’ Stock Analysis page.