The Conversation (0)
Australian Vanadium (ASX:AVL, FRA:JT71, OTC:ATVVF), FRA:JT71, OTC:ATVVF) holds one of the most advanced high-grade vanadium deposits in the world and now focuses significantly on developing its Australian Vanadium project, a high-grade vanadium, titanium and iron resource situated roughly 43 kilometers south of the mining town of Meekatharra in Western Australia.
The company's wholly-owned subsidiary VSUN Energy has current projects including the installation of a VRFB to power an industrial chlorinator, as a standalone power system for a bore pump at a major nickel project, and to power the systems at an orchard in Victoria. VSUN Energy is also consulting with several major mining clients as the demand for vanadium is expected to double by 2032, with 90 percent of this demand driven by VRFBs.
The major component of a VRFB is vanadium electrolyte. This solution of vanadium mixed with acid and water will be manufactured by AVL at a facility being constructed in the Perth region.
Both VSUN Energy and the AVL are part of Australian Vanadium's vertically integrated strategy, through which it intends to support every stage of VRFB production. This will, the company maintains, give it the ability to not only produce the world's highest-quality vanadium, but also tailor that vanadium to its customers’ needs.
Company Highlights
- Demand for VRFBs is expected to fundamentally restructure the vanadium supply chain, with demand ultimately outstripping production.
- Australian Vanadium holds one of the world's most advanced, high-grade vanadium deposits in the world, situated in Western Australia.
- The company has had a strong technical team in place from the inception of its asset development strategy.
- The company employs an experienced leadership team with a proven technical and commercial track record in the vanadium sector as well as project development and operations.
- Australian Vanadium maintains strong relationships with Australian government agencies and has been awarded a $49-million grant from the Australian Government towards development of the Australian Vanadium Project.
- The status of the AVL project positions Australian Vanadium with an early mover advantage and supplier-of-choice status in the global battery market.
- Australian Vanadium plans to incorporate green hydrogen into the natural gas supply for its processing plant.
- The company maintains strong community relations, which include community sponsorship across Mullewa and Meekatharra..
- The strategic location of the company’s processing plant has the potential to provide a hub for processing vanadium concentrate from the region.
This Australian Vanadium profile is part of a paid investor education campaign.*
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