Clear Hills iron–vanadium (Rambling Creek)

RESOURCE CONTEXT

557.7 Mt @ 33.3 % Fe, 0.20 % V2O5 indicated + 94.7 Mt inferred; 1.116 Mt V2O5 (AGS)

A billion-tonne oolitic ironstone with 0.2 % V2O5 — big, shallow, and metallurgically stubborn.

Official reserve statements for this commodity (2)

• Clear Hills ironstone — indicated557.7 Mt @ 33.3 % Fe, 0.20 % V2O5 · Resource estimate · 2012SRK NI 43-101 / AGS INF 155 ↗
• Clear Hills vanadium — indicated1.116 Mt V2O5 · Resource estimate · 2025AGS INF 155 ↗

GEOLOGICAL SETTING

Prospectivity envelopes for Iron & vanadium (Clear Hills ironstone)

• Clear Hills Bad Heart oolitic ironstoneFavourable
  Cretaceous oolitic ironstone (chamosite–goethite) with vanadium-enriched glauconite

Development regime

Tenure

Metallic & Industrial Minerals Tenure Regulation (AR 265/2022): permit — exclusive exploration right, indefinite term, no rent, $625 fee, assessment work $7/ha (first 2 years) → $13 → $20/ha; lease — 15-year initial + 15-year intermediate term, indefinite while producing, $3.50/ha rent.

Royalty

Metallic minerals: 1 % of mine-mouth revenue pre-payout; post-payout the greater of 1 % mine-mouth or 12 % of net revenue (AR 350/93 s.4).

DATASETS TO STACK HERE

Public layers that cover this site

• Bedrock geology of Alberta (Map 600 tiles)Alberta Geological SurveyWhich formation is at the bedrock surface: the first screen for outcropping targets such as silica sand, limestone, ironstone, bentonite, ammonite shell and shallow coal.
• Bedrock geology polygons (DIG 2013-0018, queryable)Alberta Geological SurveyAttribute-level bedrock mapping for screening host lithologies; heavy, so it loads only when zoomed in.
• Bedrock topography (DIG 2020-0022 tiles)Alberta Geological SurveyBuried valleys and bedrock highs: where cover is thin (cheap stripping) and where preglacial gravels pool.
• Sediment (drift) thickness above bedrockAlberta Geological SurveyOverburden cost for open-pit targets and the depth of cover that geophysics must see through.
• Metallic mineral occurrences (DIG 2019-0026)Alberta Geological SurveyKnown showings to anchor exploration models; density is highest on the Shield and Clear Hills.
• AGS prospective areas for mineral explorationAlberta Geological SurveyThe survey's own view of where each commodity is prospective; compare with the Atlas knowledge-driven envelopes.
• NRCan Map 900A: producing mines, mineral areas, oil & gas fieldsNatural Resources CanadaOfficial federal view of producing operations to cross-check the Atlas mine inventory.
• Canada critical minerals projects & processingNatural Resources CanadaFederal critical-minerals pipeline; filter to Alberta by extent.

NEARBY OPERATIONS

Within reach

• First Helium — Worsley 15-25Helium · First Helium · ≈27 kmPermitting
• NeoLithica — Peace River lithiumLithium brine · NeoLithica · ≈106 kmExploration
• Peace River frac-sand quarrySilica sand · Source Energy Services · ≈111 kmOperating
• Alberta No. 1 geothermal (Greenview)Geothermal · Terrapin / No. 1 Geothermal LP · ≈199 kmPermitting
• Rainbow Lake lithium (Keg River / Sulphur Point)Lithium brine · LibertyStream (formerly Volt Lithium) · ≈199 kmIdled
• Buffalo Head Hills diamondsDiamond exploration · Star Diamond · ≈204 kmExploration