# Velox Drilling Identifies High-grade Vanadium Zone within the Cambridge Deposit in Queensland, Australia

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/velox-drilling-identifies-high-grade-vanadium-zone-within-the-cambridge-deposit--4b36b42c-bf65-4ef1-ac29-a98253a5883d

Original source: https://money.tmx.com/en/quote/VLX/news/8815178659007782/velox-drilling-identifies-high-grade-vanadium-zone-within-the-cambridge-deposit-

Publisher: tmx

Original announcement: 2024-01-23T07:30:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Velox Energy Materials Inc.

- Ticker: VLX

- Exchange: TSX

- Region: Queensland, Australia

- Primary commodity: Vanadium

- Secondary commodities: Molybdenum, Rare earth elements

- Document categories: Drill results, Resource update

- Extracted: 2026-08-21 11:00:28 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Velox Energy Materials Inc. announced highly encouraging drill results from its Phase 1 diamond drill program at the Cambridge Vanadium deposit in Queensland, Australia. The program identified significant high-grade vanadium intercepts, including 1.1 m at 0.84% V2O5, at shallow depths within a laterally continuous mineralized zone. These new results, which also revealed a rare earth element enrichment zone, are expected to enhance the understanding of the deposit and support a potential update to the existing resource estimate and future metallurgical studies.

Reasoning: The drill program yielded very encouraging high-grade vanadium intercepts at shallow depths, confirmed lateral continuity, and identified a new rare earth element enrichment zone, exceeding expectations and providing strong support for future resource and metallurgical studies.

- Positive factor: high\_grade\_intercepts

- Positive factor: laterally\_continuous\_mineralization

- Positive factor: potential\_resource\_update

- Positive factor: ree\_enrichment\_identified

- Positive factor: strong\_qaqc\_disclosure

Facts used in scoring: 19

## Classification and evidence

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: The release details a comprehensive QA/QC program including blanks, duplicates, standards, umpire checks, and certified laboratories.

Evidence · text

> Velox uses a quality assurance/quality control \(QA/QC\) program that monitors the chain of custody of samples and includes the insertion of blanks, duplicates, and reference standards in each batch of samples sent for analysis.

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: The news release states that the scientific and technical information has been reviewed and approved by Michael Griffiths, FAusIMM, a Qualified Person.

Evidence · text

> Michael Griffiths, FAusIMM, Director & VP Exploration for Velox Energy Materials, a Qualified Person.

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drill program is explicitly described as 'infill large diameter \(100mm\) 4C diamond core drill holes'.

Evidence · text

> A total of ten \(10\) infill large diameter \(100mm\) 4C diamond core drill holes totaling 333 m were completed at the Cambridge Vanadium deposit

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: The resource estimate details are explicitly stated to be from November 2022 and refer to a previous news release and technical report.

Evidence · text

> The Indicated Resource of 61.33 Mt @ 0.34% V2O5 and an Inferred Resource of 144.87 Mt @ 0.33% V2O5 for the Cambridge Deposit was announced in November 2022 \(see Currie Rose news release dated November 1, 2022 and the Technical Report by Dufresne et al., 2022\).

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: The existing Mineral Resource Estimate is stated to be 'CIM compliant' and the technical information is prepared in accordance with NI 43-101.

Evidence · text

> The Cambridge Vanadium Deposit currently hosts a CIM compliant Mineral Resource Estimate \(MRE\)

## Extracted facts

Stored fact records: 19. Some facts used in scoring do not have a stored record.

## Drill Results (19)

### NQVP23\_008

[Link to this fact](https://atlas-staging.minestarters.com/news/velox-drilling-identifies-high-grade-vanadium-zone-within-the-cambridge-deposit--4b36b42c-bf65-4ef1-ac29-a98253a5883d#fact-drill-facts-0)

Cambridge Vanadium deposit · vanadium

#### Identity

- Hole ID: NQVP23\_008
- Project: Cambridge Vanadium deposit
- Commodity: vanadium
- Region: australia\_qld
- Reported Region: Queensland, Australia
- Ticker: VLX

#### Geometry

- Grade: 0.44
- Grade Unit: % V2O5
- Intercept: 4.7 m
- From: 8.6 m
- To: 13.3 m
- Hole Depth: 26 m

#### Classification

- Program: resource
- Sample Type: drill
- Mining Method: open\_pit

#### Location

- Easting: 695221
- Northing: 7734412
- CRS: EPSG: 7854 - GDA2020 / MGA zone 54
- Dip: 90 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: Bureau Veritas
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, duplicates, standards, umpire, check\_assays

#### Compositing

- Cutoff Grade: 0.3
- Cutoff Unit: % V2O5

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-01-23T00:00:00.000Z

Reasoning: The intercept shows good vanadium grades at shallow depths, contributing to the understanding of the deposit's high-grade zones and supporting future resource updates.

- Positive factor: high\_grade\_for\_deposit\_type

- Positive factor: shallow\_mineralization

- Positive factor: laterally\_continuous

- Positive factor: strong\_qaqc\_disclosure

Evidence · text

> 4.7 m @ 0.44% V2O5 from 8.6 m

### NQVP23\_008

[Link to this fact](https://atlas-staging.minestarters.com/news/velox-drilling-identifies-high-grade-vanadium-zone-within-the-cambridge-deposit--4b36b42c-bf65-4ef1-ac29-a98253a5883d#fact-drill-facts-1)

Cambridge Vanadium deposit · vanadium

#### Identity

- Hole ID: NQVP23\_008
- Project: Cambridge Vanadium deposit
- Commodity: vanadium
- Region: australia\_qld
- Reported Region: Queensland, Australia
- Ticker: VLX

#### Geometry

- Grade: 0.84
- Grade Unit: % V2O5
- Intercept: 1.1 m
- From: 10.5 m
- To: 11.6 m
- Hole Depth: 26 m

#### Classification

- Program: resource
- Sample Type: drill
- Mining Method: open\_pit

#### Location

- Easting: 695221
- Northing: 7734412
- CRS: EPSG: 7854 - GDA2020 / MGA zone 54
- Dip: 90 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: Bureau Veritas
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, duplicates, standards, umpire, check\_assays

#### Compositing

- Cutoff Grade: 0.3
- Cutoff Unit: % V2O5

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-01-23T00:00:00.000Z

Reasoning: The intercept shows good vanadium grades at shallow depths, contributing to the understanding of the deposit's high-grade zones and supporting future resource updates.

- Positive factor: high\_grade\_for\_deposit\_type

- Positive factor: shallow\_mineralization

- Positive factor: laterally\_continuous

- Positive factor: strong\_qaqc\_disclosure

Evidence · text

> 1.1 m @ 0.84% V2O5 from 10.5 m

### NQVP23\_005

[Link to this fact](https://atlas-staging.minestarters.com/news/velox-drilling-identifies-high-grade-vanadium-zone-within-the-cambridge-deposit--4b36b42c-bf65-4ef1-ac29-a98253a5883d#fact-drill-facts-2)

Cambridge Vanadium deposit · vanadium

#### Identity

- Hole ID: NQVP23\_005
- Project: Cambridge Vanadium deposit
- Commodity: vanadium
- Region: australia\_qld
- Reported Region: Queensland, Australia
- Ticker: VLX

#### Geometry

- Grade: 0.41
- Grade Unit: % V2O5
- Intercept: 5.4 m
- From: 19.5 m
- To: 24.9 m
- Hole Depth: 37 m

#### Classification

- Program: resource
- Sample Type: drill
- Mining Method: open\_pit

#### Location

- Easting: 694351
- Northing: 7735523
- CRS: EPSG: 7854 - GDA2020 / MGA zone 54
- Dip: 90 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: Bureau Veritas
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, duplicates, standards, umpire, check\_assays

#### Compositing

- Cutoff Grade: 0.3
- Cutoff Unit: % V2O5

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-01-23T00:00:00.000Z

Reasoning: The intercept shows good vanadium grades at shallow depths, contributing to the understanding of the deposit's high-grade zones and supporting future resource updates.

- Positive factor: high\_grade\_for\_deposit\_type

- Positive factor: shallow\_mineralization

- Positive factor: laterally\_continuous

- Positive factor: strong\_qaqc\_disclosure

Evidence · text

> 5.4 m @ 0.41% V2O5 from 19.5 m

### NQVP23\_005

[Link to this fact](https://atlas-staging.minestarters.com/news/velox-drilling-identifies-high-grade-vanadium-zone-within-the-cambridge-deposit--4b36b42c-bf65-4ef1-ac29-a98253a5883d#fact-drill-facts-3)

Cambridge Vanadium deposit · vanadium

#### Identity

- Hole ID: NQVP23\_005
- Project: Cambridge Vanadium deposit
- Commodity: vanadium
- Region: australia\_qld
- Reported Region: Queensland, Australia
- Ticker: VLX

#### Geometry

- Grade: 0.77
- Grade Unit: % V2O5
- Intercept: 0.8 m
- From: 12.9 m
- To: 13.7 m
- Hole Depth: 37 m

#### Classification

- Program: resource
- Sample Type: drill
- Mining Method: open\_pit

#### Location

- Easting: 694351
- Northing: 7735523
- CRS: EPSG: 7854 - GDA2020 / MGA zone 54
- Dip: 90 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: Bureau Veritas
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, duplicates, standards, umpire, check\_assays

#### Compositing

- Cutoff Grade: 0.3
- Cutoff Unit: % V2O5

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-01-23T00:00:00.000Z

Reasoning: The intercept shows good vanadium grades at shallow depths, contributing to the understanding of the deposit's high-grade zones and supporting future resource updates.

- Positive factor: high\_grade\_for\_deposit\_type

- Positive factor: shallow\_mineralization

- Positive factor: laterally\_continuous

- Positive factor: strong\_qaqc\_disclosure

Evidence · text

> 0.8 m @ 0.77% V2O5 from 12.9 m

### NQVP23\_004

[Link to this fact](https://atlas-staging.minestarters.com/news/velox-drilling-identifies-high-grade-vanadium-zone-within-the-cambridge-deposit--4b36b42c-bf65-4ef1-ac29-a98253a5883d#fact-drill-facts-4)

Cambridge Vanadium deposit · vanadium

#### Identity

- Hole ID: NQVP23\_004
- Project: Cambridge Vanadium deposit
- Commodity: vanadium
- Region: australia\_qld
- Reported Region: Queensland, Australia
- Ticker: VLX

#### Geometry

- Grade: 0.47
- Grade Unit: % V2O5
- Intercept: 4.7 m
- From: 9.5 m
- To: 14.2 m
- Hole Depth: 36 m

#### Classification

- Program: resource
- Sample Type: drill
- Mining Method: open\_pit

#### Location

- Easting: 693047
- Northing: 7733163
- CRS: EPSG: 7854 - GDA2020 / MGA zone 54
- Dip: 90 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: Bureau Veritas
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, duplicates, standards, umpire, check\_assays

#### Compositing

- Cutoff Grade: 0.3
- Cutoff Unit: % V2O5

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-01-23T00:00:00.000Z

Reasoning: The intercept shows good vanadium grades at shallow depths, contributing to the understanding of the deposit's high-grade zones and supporting future resource updates.

- Positive factor: high\_grade\_for\_deposit\_type

- Positive factor: shallow\_mineralization

- Positive factor: laterally\_continuous

- Positive factor: strong\_qaqc\_disclosure

Evidence · text

> 4.7 m @ 0.47% V2O5 from 9.5 m

### NQVP23\_004

[Link to this fact](https://atlas-staging.minestarters.com/news/velox-drilling-identifies-high-grade-vanadium-zone-within-the-cambridge-deposit--4b36b42c-bf65-4ef1-ac29-a98253a5883d#fact-drill-facts-5)

Cambridge Vanadium deposit · vanadium

#### Identity

- Hole ID: NQVP23\_004
- Project: Cambridge Vanadium deposit
- Commodity: vanadium
- Region: australia\_qld
- Reported Region: Queensland, Australia
- Ticker: VLX

#### Geometry

- Grade: 0.72
- Grade Unit: % V2O5
- Intercept: 1.1 m
- From: 20.5 m
- To: 21.6 m
- Hole Depth: 36 m

#### Classification

- Program: resource
- Sample Type: drill
- Mining Method: open\_pit

#### Location

- Easting: 693047
- Northing: 7733163
- CRS: EPSG: 7854 - GDA2020 / MGA zone 54
- Dip: 90 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: Bureau Veritas
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, duplicates, standards, umpire, check\_assays

#### Compositing

- Cutoff Grade: 0.3
- Cutoff Unit: % V2O5

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-01-23T00:00:00.000Z

Reasoning: The intercept shows good vanadium grades at shallow depths, contributing to the understanding of the deposit's high-grade zones and supporting future resource updates.

- Positive factor: high\_grade\_for\_deposit\_type

- Positive factor: shallow\_mineralization

- Positive factor: laterally\_continuous

- Positive factor: strong\_qaqc\_disclosure

Evidence · text

> 1.1 m @ 0.72% V2O5 from 20.5 m

### NQVP23\_001

[Link to this fact](https://atlas-staging.minestarters.com/news/velox-drilling-identifies-high-grade-vanadium-zone-within-the-cambridge-deposit--4b36b42c-bf65-4ef1-ac29-a98253a5883d#fact-drill-facts-6)

Cambridge Vanadium deposit · vanadium

#### Identity

- Hole ID: NQVP23\_001
- Project: Cambridge Vanadium deposit
- Commodity: vanadium
- Region: australia\_qld
- Reported Region: Queensland, Australia
- Ticker: VLX

#### Geometry

- Grade: 0.43
- Grade Unit: % V2O5
- Intercept: 1.6 m
- From: 17.4 m
- To: 19 m
- Hole Depth: 30 m

#### Classification

- Program: resource
- Sample Type: drill
- Mining Method: open\_pit

#### Location

- Easting: 692239
- Northing: 7734776
- CRS: EPSG: 7854 - GDA2020 / MGA zone 54
- Dip: 90 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: Bureau Veritas
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, duplicates, standards, umpire, check\_assays

#### Compositing

- Cutoff Grade: 0.4
- Cutoff Unit: % V2O5

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-01-23T00:00:00.000Z

Reasoning: The intercept shows good vanadium grades at shallow depths, contributing to the understanding of the deposit's high-grade zones and supporting future resource updates.

- Positive factor: high\_grade\_for\_deposit\_type

- Positive factor: shallow\_mineralization

- Positive factor: laterally\_continuous

- Positive factor: strong\_qaqc\_disclosure

Evidence · table

> 0.43%

Context: 1.6

### NQVP23\_002

[Link to this fact](https://atlas-staging.minestarters.com/news/velox-drilling-identifies-high-grade-vanadium-zone-within-the-cambridge-deposit--4b36b42c-bf65-4ef1-ac29-a98253a5883d#fact-drill-facts-7)

Cambridge Vanadium deposit · vanadium

#### Identity

- Hole ID: NQVP23\_002
- Project: Cambridge Vanadium deposit
- Commodity: vanadium
- Region: australia\_qld
- Reported Region: Queensland, Australia
- Ticker: VLX

#### Geometry

- Grade: 0.49
- Grade Unit: % V2O5
- Intercept: 1.3 m
- From: 10.2 m
- To: 11.5 m
- Hole Depth: 31 m

#### Classification

- Program: resource
- Sample Type: drill
- Mining Method: open\_pit

#### Location

- Easting: 692122
- Northing: 7733776
- CRS: EPSG: 7854 - GDA2020 / MGA zone 54
- Dip: 90 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: Bureau Veritas
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, duplicates, standards, umpire, check\_assays

#### Compositing

- Cutoff Grade: 0.4
- Cutoff Unit: % V2O5

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-01-23T00:00:00.000Z

Reasoning: The intercept shows good vanadium grades at shallow depths, contributing to the understanding of the deposit's high-grade zones and supporting future resource updates.

- Positive factor: high\_grade\_for\_deposit\_type

- Positive factor: shallow\_mineralization

- Positive factor: laterally\_continuous

- Positive factor: strong\_qaqc\_disclosure

Evidence · table

> 0.49%

Context: 1.3

### NQVP23\_003

[Link to this fact](https://atlas-staging.minestarters.com/news/velox-drilling-identifies-high-grade-vanadium-zone-within-the-cambridge-deposit--4b36b42c-bf65-4ef1-ac29-a98253a5883d#fact-drill-facts-8)

Cambridge Vanadium deposit · vanadium

#### Identity

- Hole ID: NQVP23\_003
- Project: Cambridge Vanadium deposit
- Commodity: vanadium
- Region: australia\_qld
- Reported Region: Queensland, Australia
- Ticker: VLX

#### Geometry

- Grade: 0.49
- Grade Unit: % V2O5
- Intercept: 2.5 m
- From: 14.9 m
- To: 17.4 m
- Hole Depth: 37 m

#### Classification

- Program: resource
- Sample Type: drill
- Mining Method: open\_pit

#### Location

- Easting: 693171
- Northing: 7734158
- CRS: EPSG: 7854 - GDA2020 / MGA zone 54
- Dip: 90 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: Bureau Veritas
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, duplicates, standards, umpire, check\_assays

#### Compositing

- Cutoff Grade: 0.4
- Cutoff Unit: % V2O5

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-01-23T00:00:00.000Z

Reasoning: The intercept shows good vanadium grades at shallow depths, contributing to the understanding of the deposit's high-grade zones and supporting future resource updates.

- Positive factor: high\_grade\_for\_deposit\_type

- Positive factor: shallow\_mineralization

- Positive factor: laterally\_continuous

- Positive factor: strong\_qaqc\_disclosure

Evidence · table

> 0.49%

Context: 2.5

### NQVP23\_004

[Link to this fact](https://atlas-staging.minestarters.com/news/velox-drilling-identifies-high-grade-vanadium-zone-within-the-cambridge-deposit--4b36b42c-bf65-4ef1-ac29-a98253a5883d#fact-drill-facts-9)

Cambridge Vanadium deposit · vanadium

#### Identity

- Hole ID: NQVP23\_004
- Project: Cambridge Vanadium deposit
- Commodity: vanadium
- Region: australia\_qld
- Reported Region: Queensland, Australia
- Ticker: VLX

#### Geometry

- Grade: 0.65
- Grade Unit: % V2O5
- Intercept: 1.4 m
- From: 20.2 m
- To: 21.6 m
- Hole Depth: 36 m

#### Classification

- Program: resource
- Sample Type: drill
- Mining Method: open\_pit

#### Location

- Easting: 693047
- Northing: 7733163
- CRS: EPSG: 7854 - GDA2020 / MGA zone 54
- Dip: 90 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: Bureau Veritas
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, duplicates, standards, umpire, check\_assays

#### Compositing

- Cutoff Grade: 0.4
- Cutoff Unit: % V2O5

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-01-23T00:00:00.000Z

Reasoning: The intercept shows good vanadium grades at shallow depths, contributing to the understanding of the deposit's high-grade zones and supporting future resource updates.

- Positive factor: high\_grade\_for\_deposit\_type

- Positive factor: shallow\_mineralization

- Positive factor: laterally\_continuous

- Positive factor: strong\_qaqc\_disclosure

Evidence · table

> 0.65%

Context: 1.4

### NQVP23\_005

[Link to this fact](https://atlas-staging.minestarters.com/news/velox-drilling-identifies-high-grade-vanadium-zone-within-the-cambridge-deposit--4b36b42c-bf65-4ef1-ac29-a98253a5883d#fact-drill-facts-10)

Cambridge Vanadium deposit · vanadium

#### Identity

- Hole ID: NQVP23\_005
- Project: Cambridge Vanadium deposit
- Commodity: vanadium
- Region: australia\_qld
- Reported Region: Queensland, Australia
- Ticker: VLX

#### Geometry

- Grade: 0.6
- Grade Unit: % V2O5
- Intercept: 2.6 m
- From: 10.6 m
- To: 13.2 m
- Hole Depth: 37 m

#### Classification

- Program: resource
- Sample Type: drill
- Mining Method: open\_pit

#### Location

- Easting: 694351
- Northing: 7735523
- CRS: EPSG: 7854 - GDA2020 / MGA zone 54
- Dip: 90 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: Bureau Veritas
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, duplicates, standards, umpire, check\_assays

#### Compositing

- Cutoff Grade: 0.4
- Cutoff Unit: % V2O5

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-01-23T00:00:00.000Z

Reasoning: The intercept shows good vanadium grades at shallow depths, contributing to the understanding of the deposit's high-grade zones and supporting future resource updates.

- Positive factor: high\_grade\_for\_deposit\_type

- Positive factor: shallow\_mineralization

- Positive factor: laterally\_continuous

- Positive factor: strong\_qaqc\_disclosure

Evidence · table

> 0.60%

Context: 2.6

### NQVP23\_006

[Link to this fact](https://atlas-staging.minestarters.com/news/velox-drilling-identifies-high-grade-vanadium-zone-within-the-cambridge-deposit--4b36b42c-bf65-4ef1-ac29-a98253a5883d#fact-drill-facts-11)

Cambridge Vanadium deposit · vanadium

#### Identity

- Hole ID: NQVP23\_006
- Project: Cambridge Vanadium deposit
- Commodity: vanadium
- Region: australia\_qld
- Reported Region: Queensland, Australia
- Ticker: VLX

#### Geometry

- Grade: 0.67
- Grade Unit: % V2O5
- Intercept: 1.1 m
- From: 8.6 m
- To: 9.7 m
- Hole Depth: 25 m

#### Classification

- Program: resource
- Sample Type: drill
- Mining Method: open\_pit

#### Location

- Easting: 694201
- Northing: 7734286
- CRS: EPSG: 7854 - GDA2020 / MGA zone 54
- Dip: 90 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: Bureau Veritas
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, duplicates, standards, umpire, check\_assays

#### Compositing

- Cutoff Grade: 0.4
- Cutoff Unit: % V2O5

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-01-23T00:00:00.000Z

Reasoning: The intercept shows good vanadium grades at shallow depths, contributing to the understanding of the deposit's high-grade zones and supporting future resource updates.

- Positive factor: high\_grade\_for\_deposit\_type

- Positive factor: shallow\_mineralization

- Positive factor: laterally\_continuous

- Positive factor: strong\_qaqc\_disclosure

Evidence · table

> 0.67%

Context: 1.1

### NQVP23\_007

[Link to this fact](https://atlas-staging.minestarters.com/news/velox-drilling-identifies-high-grade-vanadium-zone-within-the-cambridge-deposit--4b36b42c-bf65-4ef1-ac29-a98253a5883d#fact-drill-facts-12)

Cambridge Vanadium deposit · vanadium

#### Identity

- Hole ID: NQVP23\_007
- Project: Cambridge Vanadium deposit
- Commodity: vanadium
- Region: australia\_qld
- Reported Region: Queensland, Australia
- Ticker: VLX

#### Geometry

- Grade: 0.52
- Grade Unit: % V2O5
- Intercept: 1.6 m
- From: 21 m
- To: 22.6 m
- Hole Depth: 36 m

#### Classification

- Program: resource
- Sample Type: drill
- Mining Method: open\_pit

#### Location

- Easting: 695095
- Northing: 7733418
- CRS: EPSG: 7854 - GDA2020 / MGA zone 54
- Dip: 90 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: Bureau Veritas
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, duplicates, standards, umpire, check\_assays

#### Compositing

- Cutoff Grade: 0.4
- Cutoff Unit: % V2O5

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-01-23T00:00:00.000Z

Reasoning: The intercept shows good vanadium grades at shallow depths, contributing to the understanding of the deposit's high-grade zones and supporting future resource updates.

- Positive factor: high\_grade\_for\_deposit\_type

- Positive factor: shallow\_mineralization

- Positive factor: laterally\_continuous

- Positive factor: strong\_qaqc\_disclosure

Evidence · table

> 0.52%

Context: 1.6

### NQVP23\_008

[Link to this fact](https://atlas-staging.minestarters.com/news/velox-drilling-identifies-high-grade-vanadium-zone-within-the-cambridge-deposit--4b36b42c-bf65-4ef1-ac29-a98253a5883d#fact-drill-facts-13)

Cambridge Vanadium deposit · vanadium

#### Identity

- Hole ID: NQVP23\_008
- Project: Cambridge Vanadium deposit
- Commodity: vanadium
- Region: australia\_qld
- Reported Region: Queensland, Australia
- Ticker: VLX

#### Geometry

- Grade: 0.71
- Grade Unit: % V2O5
- Intercept: 1.6 m
- From: 10 m
- To: 11.6 m
- Hole Depth: 26 m

#### Classification

- Program: resource
- Sample Type: drill
- Mining Method: open\_pit

#### Location

- Easting: 695221
- Northing: 7734412
- CRS: EPSG: 7854 - GDA2020 / MGA zone 54
- Dip: 90 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: Bureau Veritas
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, duplicates, standards, umpire, check\_assays

#### Compositing

- Cutoff Grade: 0.4
- Cutoff Unit: % V2O5

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-01-23T00:00:00.000Z

Reasoning: The intercept shows good vanadium grades at shallow depths, contributing to the understanding of the deposit's high-grade zones and supporting future resource updates.

- Positive factor: high\_grade\_for\_deposit\_type

- Positive factor: shallow\_mineralization

- Positive factor: laterally\_continuous

- Positive factor: strong\_qaqc\_disclosure

Evidence · table

> 0.71%

Context: 1.6

### NQVP23\_009

[Link to this fact](https://atlas-staging.minestarters.com/news/velox-drilling-identifies-high-grade-vanadium-zone-within-the-cambridge-deposit--4b36b42c-bf65-4ef1-ac29-a98253a5883d#fact-drill-facts-14)

Cambridge Vanadium deposit · vanadium

#### Identity

- Hole ID: NQVP23\_009
- Project: Cambridge Vanadium deposit
- Commodity: vanadium
- Region: australia\_qld
- Reported Region: Queensland, Australia
- Ticker: VLX

#### Geometry

- Grade: 0.48
- Grade Unit: % V2O5
- Intercept: 1.2 m
- From: 4.4 m
- To: 5.6 m
- Hole Depth: 20 m

#### Classification

- Program: resource
- Sample Type: drill
- Mining Method: open\_pit

#### Location

- Easting: 692334
- Northing: 7735515
- CRS: EPSG: 7854 - GDA2020 / MGA zone 54
- Dip: 90 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: Bureau Veritas
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, duplicates, standards, umpire, check\_assays

#### Compositing

- Cutoff Grade: 0.4
- Cutoff Unit: % V2O5

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-01-23T00:00:00.000Z

Reasoning: The intercept shows good vanadium grades at shallow depths, contributing to the understanding of the deposit's high-grade zones and supporting future resource updates.

- Positive factor: high\_grade\_for\_deposit\_type

- Positive factor: shallow\_mineralization

- Positive factor: laterally\_continuous

- Positive factor: strong\_qaqc\_disclosure

Evidence · table

> 0.48%

Context: 1.2

### Fact 16

[Link to this fact](https://atlas-staging.minestarters.com/news/velox-drilling-identifies-high-grade-vanadium-zone-within-the-cambridge-deposit--4b36b42c-bf65-4ef1-ac29-a98253a5883d#fact-drill-facts-15)

Cambridge Vanadium deposit · vanadium

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Cambridge Vanadium deposit
- Commodity: vanadium
- Region: australia\_qld
- Reported Region: Queensland, Australia
- Ticker: VLX

#### Geometry

- Grade: 0.34
- Grade Unit: % V2O5

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-11-01T00:00:00.000Z

#### Dates

- Event date: 2024-01-23T00:00:00.000Z

Reasoning: This is a historical resource estimate providing context for the current drilling, but it is not new information.

- Positive factor: ni\_43\_101\_compliant

- Positive factor: qp\_signed

- Negative factor: stale\_estimate

Evidence · text

> Indicated Mineral Resource of 61.33 Mt @ 0.34% V2O5

### Fact 17

[Link to this fact](https://atlas-staging.minestarters.com/news/velox-drilling-identifies-high-grade-vanadium-zone-within-the-cambridge-deposit--4b36b42c-bf65-4ef1-ac29-a98253a5883d#fact-drill-facts-16)

Cambridge Vanadium deposit · molybdenum

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Cambridge Vanadium deposit
- Commodity: molybdenum
- Region: australia\_qld
- Reported Region: Queensland, Australia
- Ticker: VLX

#### Geometry

- Grade: 234.6
- Grade Unit: ppm MoO3

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-11-01T00:00:00.000Z

#### Dates

- Event date: 2024-01-23T00:00:00.000Z

Reasoning: This is a historical resource estimate providing context for the current drilling, but it is not new information.

- Positive factor: ni\_43\_101\_compliant

- Positive factor: qp\_signed

- Negative factor: stale\_estimate

Evidence · text

> 234.6 ppm MoO3

### Fact 18

[Link to this fact](https://atlas-staging.minestarters.com/news/velox-drilling-identifies-high-grade-vanadium-zone-within-the-cambridge-deposit--4b36b42c-bf65-4ef1-ac29-a98253a5883d#fact-drill-facts-17)

Cambridge Vanadium deposit · vanadium

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Cambridge Vanadium deposit
- Commodity: vanadium
- Region: australia\_qld
- Reported Region: Queensland, Australia
- Ticker: VLX

#### Geometry

- Grade: 0.33
- Grade Unit: % V2O5

#### Compositing

- Cutoff Grade: 0.25
- Cutoff Unit: % V2O5

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-11-01T00:00:00.000Z

#### Dates

- Event date: 2024-01-23T00:00:00.000Z

Reasoning: This is a historical resource estimate providing context for the current drilling, but it is not new information.

- Positive factor: ni\_43\_101\_compliant

- Positive factor: qp\_signed

- Negative factor: stale\_estimate

Evidence · text

> Inferred Mineral Resource of 144.87 Mt @ 0.33% V2O5 \( cut-off grade of 0.25% V2O5\)

### Fact 19

[Link to this fact](https://atlas-staging.minestarters.com/news/velox-drilling-identifies-high-grade-vanadium-zone-within-the-cambridge-deposit--4b36b42c-bf65-4ef1-ac29-a98253a5883d#fact-drill-facts-18)

Cambridge Vanadium deposit · molybdenum

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Cambridge Vanadium deposit
- Commodity: molybdenum
- Region: australia\_qld
- Reported Region: Queensland, Australia
- Ticker: VLX

#### Geometry

- Grade: 241.9
- Grade Unit: ppm MoO3

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-11-01T00:00:00.000Z

#### Dates

- Event date: 2024-01-23T00:00:00.000Z

Reasoning: This is a historical resource estimate providing context for the current drilling, but it is not new information.

- Positive factor: ni\_43\_101\_compliant

- Positive factor: qp\_signed

- Negative factor: stale\_estimate

Evidence · text

> 241.9 ppm MoO3

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.