Audalia Resources (ASX:ACP) said a reverse circulation drilling program at the Medcalf vanadium-titanium-iron in Western Australia delivered significant results, and Cube Consulting is currently working on an updated mineral resource estimate for the prospect, according to a Wednesday Australian bourse filing.
An infill drilling program consisting of 41 reverse circulation holes for 1,255 meters is expected to begin in April on the Vesuvius, Fuji, and Pinatubo prospects, the filing said.
Once the drilling is completed, Cube will be engaged to update the mineral resource estimates for these deposits.
The firm signed a non-binding agreement with the Southern Port Authority to access the Esperance Port in 2026. It is in talks with potential offtake partners and financiers for company or project-level financing.
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