Soidinvaara (V) Project
The Soidinvaara exploration reservation (24km2) was recently granted over the historic vanadium deposit.
The reservation, lodged by a wholly owned subsidiary of Critical Metals is located outside of Natura 2000 conservation areas, national parks and nature reserves.
An application for an exploration permit to commence ground disturbing exploration activities (drilling) will be lodged and proof of concept metallurgical test work initiated.
Focus of the test work will be determing whether the Soidinvaara ore can be used as a feedstock for the production of a vanadium electrolyte for the Redox Flow battery market.
No exploration has been completed at Soidinvaara since the 1970’s however in 2007, then ASX-listed Vulcan Resources Limited reported >1.5% V2O5 from historic drillcore ‘concentrate’.
The historic Mustavaara vanadium mine (not owned by Critical Metals) is located 20km to the northeast of Soidinvaara, was the largest producer of vanadium pentoxide (V2O5) in Western Europe and accounted for some 10% of the global supply of vanadium during the 1970-80’s.
Mustavaara deposit comprises a 19km long, 150-200m thick magnetite reef within the Koillismaa Complex.