Audalia Resources Limited (ASX:ACP) is an Australia-based mineral exploration company focused on vanadium, titanium, and iron projects. The company holds 100% interest in the flagship Medcalf Vanadium-Titanium-Iron Project located 470 kilometers southeast of Perth near Lake Johnston in Western Australia, comprising exploration licenses E63/1855, miscellaneous licenses L63/75 and L63/94, general purpose licenses G63/10 and G63/12, and mining lease M63/656 covering 38 square kilometers; it also maintains interests in the Gascoyne Project spanning approximately 311 square kilometers in Western Australia's Gascoyne region. Core products from the Medcalf Project include high titanium lump ore for blast furnace lining protection and concentrate fine ore beneficiated for vanadium extraction, supported by a JORC (2012) Indicated and Inferred Resource of 25.7 million tonnes at 9.98% TiO2, 0.52% V2O5, and 50.9% Fe2O3 (6% TiO2 cut-off), with simple open-pit mining, low strip ratio of 0.26:1, and projected low capital expenditure under $38 million. Founded in 2010 and headquartered at Office F, Level 1, 1139 Hay Street, West Perth, Western Australia 6005, the company targets Asian markets for its multi-commodity output amid strong global demand forecasts for vanadium, titanium, and iron. Recent developments include a September 2025 placement raising $500,000 through 20 million shares at $0.025 each to advance mining design, permitting, and evaluation at Medcalf while supplementing working capital; completion of a reverse circulation infill drilling program and geotechnical drilling in 2025 to upgrade Inferred resources to Indicated and support mine design; an August 2025 exploration update on Medcalf activities; and ongoing negotiations for offtake partners, project financing, and remaining regulatory approvals including a non-binding MOU with Southern Ports Authority for Esperance port access, Land Access and Heritage Agreement with the Ngadju People, and environmental approvals.