(CZR 85%)

Copper/ Gold/ Vanadium-Titanium-Magnetite

The Buddadoo Project covers 125km2 approximately 200km east of the port of Geraldton in the mid-west region of Western Australia. The project hosts copper, gold and vanadium-titanium-magnetite (VTM) mineralisation, with the most advanced prospect a 6km long by 300-500m wide zone of gabbro with massive and disseminated vanadiferous titanomagnetite (Buddadoo Mafic Complex).

Geology and Prospectivity

The Buddadoo Mafic Complex trends from titanium rich in the west to vanadium rich in the east.  Previously reported metallurgical testwork (ASX announcement 7 February 2019) indicates the titanium is hosted in the magnetic fraction, as titano-magnetite, but a high proportion reports to the non-magnetic fraction as ilmenite, and the vanadium enriched zone is entirely hosted within the magnetic fraction.

CZR is now working with its metallurgical consultant to develop a process flowsheet to test production of separate vanadium and titanium concentrates.

The Mid-West region is experiencing an increase in vanadium exploration and development.  The recently announced $217 million merger between Australian Vanadium (AVL) and Technology Metals Australia (TMT) (AVL ASX Announcement 25 September 2023) provides further evidence of the regions potential to become a significant source of vanadium production.