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April 29, 2024
Australian Vanadium Limited (ASX: AVL, “the Company” or “AVL”) is pleased to present its Quarterly Activities and Cash Flow Report.
HIGHLIGHTS
The Australian Vanadium Project
- AVL implemented its merger with Technology Metals Australia Limited on 1 February 2024, integrating two adjoining projects on one contiguous orebody.
- Following completion of the merger, AVL accelerated work to combine the projects, including:
- Commenced an optimised feasibility study focused on realising the potential economic benefits of an integrated project, including trade-off studies to determine the preferred project development pathway, mine scheduling and processing plant location.
- Completed metallurgical testwork confirming average vanadium concentrate grades of up to 1.6% V2O5, suggesting a single high-grade project can be delivered from the combined projects.
- Completed pilot scale testwork achieving 99.9% ultra-high purity V2O5 for specialty chemical, aerospace and defence applications.
Vanadium in energy storage
- AVL’s electrolyte manufacturing facility located in Perth, Western Australia, has delivered operational milestones including:
- Successfully produced vanadium electrolyte for use in vanadium flow batteries (VFBs).
- Independent testing confirmed that the vanadium electrolyte produced complies with typical specifications required by VFB manufacturers.
- The facility has been designed to produce annual quantities of high purity electrolyte equivalent to 33MWh of battery energy storage capacity.
- The VFB purchased for a VSUN Energy project with customer Horizon Power arrived in Australia and is undergoing factory acceptance testing.
Corporate
- No lost time injuries or reportable environmental incidents were recorded during the quarter.
- Appointment of Jo Gaines as a Non-Executive Director.
- Effective prior to ASX market opening on 18 March 2024, AVL was included in the Standard & Poors (S&P)/ASX All Ordinaries Index.
- Cash position of $24.9 million as at 31 March 2024, including restricted cash of $0.4 million.
Management Comment, CEO, Graham Arvidson
“AVL made great progress during the quarter across the vanadium value chain, focusing efforts on integrating the merged projects. We are pleased to have commenced an optimised feasibility study to maximise the economic benefits from the now unconstrained orebody resulting from the merger. The metallurgical testwork conducted during the period has reinforced our confidence for a long-life, high-grade project in the southern areas of the deposit. The combined project promises to deliver a material increase in value for our shareholders.
“This quarter marked a transformative step toward AVL’s goal of creating an Australian vertically integrated VFB supply chain. We successfully completed the commissioning of our 33MWh vanadium electrolyte manufacturing facility, achieving our first production of vanadium electrolyte. Our team’s commitment to excellence in design, construction and operation of the facility has culminated in the production of battery-ready electrolyte, another significant milestone for AVL. With this achievement, we are positioned to become the leading supplier of locally produced vanadium electrolyte, ready to deliver to the rapidly growing VFB market in Australia.
“Our wholly owned subsidiary, VSUN Energy, continues to deliver on existing VFB projects and is strategically positioned to play a leading role in VFB deployment in Australia. We are witnessing an accelerating adoption of this mature and commercialised technology, which is increasingly recognised as the preferred solution to the rapidly growing long duration energy storage market.”
Click here for the full ASX Release
This article includes content from Australian Vanadium, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
AVL:AU
12 June
Vanadiumcorp Announces Grant Of Stock Options
VanadiumCorp Resource Inc. (TSX-V: VRB) (FSE: NWNA) (OTC: VRBFF) ("VanadiumCorp" or the "Company") Vancouver, British Columbia – June 12, 2025 – VanadiumCorp Resource Inc. (TSX-V: VRB) (FSE: NWNA) (OTCBB: APAFF) (the "Company”) announces that it has granted, pursuant to its 10% rolling Stock Option Plan, stock options to certain eligible directors, officers and consultants of the Company or its subsidiaries to purchase a total of 1,076,714 common shares in the capital of the Company, subject to any regulatory approval. The stock options are exercisable for a period of five years at an exercise price of $0.12 per share and vest as to 50% immediately and 50% in one year.
About VanadiumCorp:
VanadiumCorp is a Canadian Critical metals exploration company owning 100% of two strategic properties in Quebec: The Iron T and the flagship Lac Doré property. The company is advancing innovative technologies to extract vanadium-titanium and potentially high-grade iron from its vanadiferous titanomagnetite projects. The successful implementation of these technologies is expected to ensure a stable, long-term supply of the company's critical metal deposits, which include vanadium feedstock for electrolyte production. Our initial electrolyte facility, located in Val-des-Sources, Quebec, will serve a dual purpose: evaluating the quality of the outputs and facilitating the initial production of electrolytes. Furthermore, the company intends to expand its production of electrolytes for the international market, specifically for long-duration Vanadium Flow Batteries (VRBs).
On behalf of the Board of VanadiumCorp Resource Inc.
“Kristien Davenport”
President, CEO and Director
VANADIUMCORP RESOURCES INC.
For more information, please visit the company website www.vanadiumcorp.com
Email: info@vanadiumcorp.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This document may contain forward-looking statements (including "forward-looking information" within the meaning of applicable Canadian securities laws and "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995) regarding, among other things, VanadiumCorp's business. and the environment in which it operates. In general, forward-looking statements can be identified by the use of words such as "anticipates", "expects" or "does not expect", "is expected", "budget", "forecast", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "could" or "will be taken", "occur" or "will be achieved". VanadiumCorp relies on a number of assumptions and estimates to make these forward-looking statements, including, without limitation, the ability to acquire the necessary permits and authorizations to advance the Lac Doré property to the production stage, the ability to add to existing resources at Lac Doré through drilling, the costs associated with the development and operation of its properties. These assumptions and estimates are made in light of forecasts and conditions that are considered relevant and reasonable based on available information and current circumstances. A number of risk factors may cause actual results, level of activity, performance or results of such exploration and/or mine development to differ materially from those expressed or implied by such forward-looking statements, including, without limitation, whether such discoveries will result in commercially viable quantities of such mineralized materials, the ability to modify project parameters as plans continue to be refined, the ability to execute planned future exploration and drilling programs, the need for additional financing to continue exploration and development efforts, changes in general economic, market and business conditions, and other risks outlined in VanadiumCorp's latest Annual Information Form under the heading "Risk Factors" and in its other public documents. Forward-looking statements are not guarantees of future performance and such information is inherently subject to known and unknown risks, uncertainties and other factors that are difficult to predict and that may be beyond VanadiumCorp's control. Although VanadiumCorp has attempted to identify important risks and factors that could cause actual actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors and risks that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, undue reliance should not be placed on these forward-looking statements. In addition, all forward-looking statements in this press release are made as of the date of this press release. VanadiumCorp disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
The forward-looking statements contained herein are expressly qualified by this disclaimer.
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29 May
Top 4 Vanadium-producing Countries
In 2025, the vanadium market is navigating a complex landscape shaped by its traditional role in steelmaking and its emerging importance in energy storage technologies.
Approximately 90 percent of vanadium consumption continues to be driven by the steel industry, where it is used to strengthen alloys. However, the growing adoption of vanadium redox flow batteries (VRFBs) for grid-scale energy storage is creating new avenues for demand, particularly as countries pursue decarbonization goals and renewable energy integration.
On the supply side, vanadium sees relatively limited primary production from ore and instead relies on co-production from steel slag and uranium mining, with a portion also coming from recycling.
Global production has remained relatively consistent in the 2020s at around 100,000 metric tons per year.
Four countries contribute to the vast majority of that output. Below is a brief overview of these top vanadium-producing countries based on data from the US Geological Survey's 2025 Mineral Commodity Summary.
1. China
Mine production: 70,000 metric tons
China remains the world’s top vanadium-producing country by far, with output of 70,000 metric tons in 2024. Production has remained steady out of China in 2023 and 2024. The Asian nation far outpaces all other countries in terms of vanadium output, and leads the world in vanadium consumption as well due to its high steel production. The majority of its vanadium is produced from steel slag.
In terms of vanadium exports, China's are "quite small," according to Fastmarkets, as producers can turn a bigger profit in the domestic market.
2. Russia
Vanadium production: 21,000 metric tons
Second on the list is Russia, whose vanadium output totaled 21,000 metric tons in 2024, essentially on par with production in the previous two years. Russia’s vanadium reserves are the second largest in the world at 5,000 MT.
EVRAZ KGOK, part of EVRAZ, is a major mining company in Russia that produces vanadium. Little other information is available about vanadium mining in Russia, and the majority of the country's vanadium production is a co-product of steel slag.
3. South Africa
Vanadium production: 8,000 metric tons
South Africa's vanadium output declined last year, slipping to 8,000 metric tons in 2024, The country's vanadium output had previously held above the 8,500 MT per year a level since 2019.
South Africa’s contributions to the vanadium market consist of primary production from Bushveld Minerals (LSE:BMN) and Glencore (LSE:GLEN,OTC Pink:GLCNF). Bushveld Minerals’ vanadium division includes the Vametco mine and processing facility, the Vanchem processing facility, and the future Mokopane vanadium mine and the Belco production plant. Glencore's Rhovan open-cast mine and smelter complex mainly produces ferrovanadium and vanadium pentoxide.
4. Brazil
Vanadium production: 5,000 metric tons
Brazil's vanadium output has also contracted year-over-year, totaling 5,000 metric tons in 2024 compared to 5,420 MT in 2023.
Brazil’s vanadium production is largely thanks to Largo Resources (TSX:LGO,NASDAQ:LGO), which describes itself as the only pure-play vanadium producer. The company’s Maracás Menchen vanadium asset is one of the highest-grade vanadium mines in the world.
FAQs for vanadium
Who is the largest exporter of vanadium?
Brazil is the world’s largest exporter of vanadium, with Russia in second place and China and South Africa nearly tied. Brazil alone is responsible for over one-quarter of the metal’s global export market, and the four combined represented 84 percent of the market in 2023.
Which country has the most vanadium reserves?
Australia has the highest vanadium reserves in the world, coming in at 8.5 million MT as of 2024, although it should be noted that only 3 million MT are JORC compliant. Russia is in second place with 5 million MT of vanadium reserves, while China is next in line with vanadium reserves of 4.1 million.
What is vanadium used for?
Vanadium is essential in various alloys, with the most common being ferrovanadium, an alloy of iron and vanadium metal that is used in steel production. Beyond these traditional applications, the silvery-gray metal's uses in the battery industry are growing — it's increasingly being used in vanadium redox batteries for large-scale stationary energy storage.
Don’t forget to follow us @INN_Resource for real-time news updates!
Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.
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29 May
QEM Appoints New CEO as It Secures $2.05M in Strongly Supported Placement
Critical minerals and energy company QEM Limited (ASX: QEM) is pleased to announce that it has received firm commitments to raise A$2.05 million (before costs) via a Placement to institutional and sophisticated investors.
Highlights:
- Firm commitments secured to raise A$2.05 million via a well- supported Placement to accelerate development of the Julia Creek Vanadium and Energy Project (JCVEP).
- Leadership transition: Founding MD & CEO Gavin Loyden to retire at the end of FY25, after 11 years of visionary leadership.
- New appointment: Seasoned global mining executive Robert Cooper named incoming CEO and MD to lead the Company into its next growth phase.
The Placement proceeds will fund key workstreams to advance the Julia Creek Vanadium and Energy Project (JCVEP) — one of the world’s largest co-located vanadium and oil shale resources—as it progresses into the Pre-Feasibility Study (PFS) phase.
Leadership Transition to Drive Next Stage of Growth
With the Company entering a new stage of development, Managing Director and CEO Gavin Loyden has advised that he will retire at the end of the current financial year.
Mr Loyden founded QEM in 2014 and has been instrumental in shaping the Company's vision, securing the Julia Creek asset, and progressing it into a nationally significant critical minerals project.
Gavin Loyden, Managing Director, said:“With the Company now in a strong cash position, ready for commencement of a PFS on the Julia Creek Project, and after a total of 11 years since founding QEM in 2014, now is the perfect time for me to retire and hand over leadership to a highly experienced global mining executive. I am very happy that the Company has been able to attract a new CEO with the global credentials that Robert brings to QEM and I’m excited for the future of the Company.”
QEM Chair Tim Wall added;“On behalf of the Board and shareholders, I sincerely thank Gavin for his vision, leadership, and tireless contribution in realising the strategic ambition he set in 2014—to establish QEM as a leading critical minerals and energy fuel supplier unlocking world-class resources in NW Queensland.”
Incoming CEO: Robert Cooper
The Board is pleased to announce the appointment of Robert Cooper as QEM’s new CEO and Managing Director, commencing July 2025.
Mr Cooper brings over 30 years of global mining experience, including senior executive leadership and non-executive board roles across the resources and battery materials sectors. He most recently served as MD/CEO of New Century Resources, and prior to that, as CEO of Round Oak Minerals, a wholly owned subsidiary of Washington H. Soul Pattinson (ASX:SOL). He has held senior roles with Discovery Metals, BHP, and has been a NED at Novonix (ASX:NVX), Syndicated Metals, and Verdant Minerals.
Tim Wall, Chair, said:“I welcome Robert Cooper as QEM’s CEO to lead the next phase of our development. His deep technical, strategic, and commercial background in global metals exploration, project development, and operations—along with his experience in the battery materials space—stand him in strong stead to lead QEM through this next chapter.”
Click here for the full ASX Release
This article includes content from QEM Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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03 February
Australian Vanadium Asset Gets Green Energy Major Project Status
Australian Vanadium (ASX:AVL,OTC Pink:ATVVF) announced its asset has been selected as a lead agency advice and support project under the Western Australian government’s new Lead Agency Framework.
In a January 29 release, the company said the framework falls under the government’s Green Energy Major Projects group, established in December 2024 as “the first point of contact for green energy projects in Western Australia.”
State government agencies will work together under the projects group to streamline approvals, developing clear assessment pathways and providing support for project proponents and investors.
“Being recognised under the Western Australian Government’s Lead Agency Framework is a significant development for (our company), highlighting (our) project’s importance in Australia’s energy transition,” said CEO Grahan Arvidson.
Located in Western Australia's Murchison province approximately 43 kilometres south of the mining town of Meekatharra, Australian Vanadium’s namesake project is set to unlock domestic vanadium production.
The company states on its website that the project is one of the largest and highest-grade vanadium deposits being developed globally. According to a resource estimate released by Australian Vanadium this past May, the total resource for the project stands at 395.4 million tonnes at 0.77 percent vanadium pentoxide.
The Australian Vanadium project has received government recognition in the past — in March 2022, the company was granted development funding of AU$49 million from the federal government.
Last month, the firm received environmental approval from the Western Australian government for its Gabanintha vanadium project, which is also located in the state's Murchison province.
Both properties fall under the company’s strategy to align with the Australian government’s "Future Made in Australia" plan, which is geared toward domestic manufacturing and the transition to a net-zero economy.
“We look forward to collaborating with the government to accelerate project development and deliver lasting benefits to Australia’s economy and clean energy future," Arvidson said.
Don’t forget to follow us @INN_Australia for real-time news updates!
Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.
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16 January
Vanadium Market Forecast: Top Trends for Vanadium in 2025
The vanadium market is set to shift in 2025, driven by demand from the energy storage and steel sectors.
Energy storage systems that utilize vanadium redox flow batteries (VRFBs) are gaining traction as renewable energy deployment accelerates, boosting demand for high-purity vanadium. However, global supply remains constrained due to limited mining projects and geopolitical uncertainties, particularly in China and Russia, key producers.
Environmental regulations and advances in recycling technology may also influence supply dynamics, and market observers are watching potential price volatility tied to steel demand, the largest end use of vanadium globally.
In September 2024, China introduced new rebar standards that are anticipated to boost high-quality vanadium demand.
“Production of rebar with the new standards will increase per annum vanadium nitrogen consumption by roughly 15 percent,” a July Fastmarkets report notes. “That calculation is based on China’s 2023 rebar production volume.”
“Vanadium demand in steel alloys will rise in 2025 due to change in Chinese rebar standards. However, expected demand rise in steel will not be as high as estimated from battery manufacturing in the medium term due to slowdown in the Chinese construction industry,” said Piyush Goel, commodities consultant at CRU Group, via email.
“Vanadium demand in batteries is estimated to rise rapidly; this rise in demand will primarily come from China due to targeted government policies towards VRFBs," he told the Investing News Network (INN).
China, which is the leading producer of vanadium, is also expected to drive global demand in the year ahead.
“Rise in vanadium demand in the medium term (til 2029) is estimated to be heavily concentrated in China, because we estimate VRFB demand to pick up faster in China compared to other regions,” he said. “Similarly, Chinese rebar standards also changed — requiring higher-vanadium-intensity steel. Due to the rapid rise in domestic vanadium demand, China is likely to become a net importer of vanadium as the Chinese market goes into deficit from surplus.”
Vanadium demand faces rebar challenges, with limited boost from batteries
Even though Fastmarkets is calling for a 15 percent uptick in vanadium demand for rebar, this will only bring demand back up to previous levels. As Erik Sardain, principal analyst for Project Blue, explained, China’s weak construction market has caused a 15 percent year-on-year decline in domestic rebar construction.
Despite positivity in the VRFB space, Sardain doesn’t expect this to offset lower rebar demand.
“No, no, no, no, absolutely not. If you want to look worldwide, you can say that steel in general is something like 90 percent (of vanadium demand),” Sardain said in a December interview with INN.
The expert went on to point out that quantifying the amount of vanadium used in batteries and energy storage is challenging. He also questioned demand trend forecasts from the battery segment.
“I think the market got it wrong for one main reason, because the market is assuming that the vanadium redox battery for the storage system is going to be something worldwide,” he said.
“And at Project Blue, we don't think it's going to be global. We think it's going to be primarily China.”
He attributes this to the types of installations utilizing VRFB energy storage systems, telling INN that China is using the technology to power grids, while other countries are using it for small-scale applications.
Taking a more optimistic and long-term view, CRU’s Goel sees more viability in the battery and energy storage segments.
“VRFBs will have a considerable impact on the vanadium industry through the next two decades, but will play a minor role in the energy storage space — accounting for only 3.5 percent of total battery energy storage installations by 2035,” said Goel. “Although VRFBs will make up a small portion of total energy storage, they are significant consumers of vanadium and will consume the majority of global vanadium in 2035, compared to ~6 percent in 2024."
Supply picture blurred by geopolitics
As the Russia-Ukraine war continues and tensions between the US and China grow, many metals have faced volatility. These disruptions have impacted global markets, spurring policymakers to fast track new supply chains.
China’s restrictions on gallium and germanium exports in August 2023 escalated to a complete ban on shipments to the US in December 2024, intensifying global supply concerns.
Potential export caps and tariffs threaten to disrupt already fragile supply chains; however, Goel told INN that he doesn’t foresee these issues impacting the vanadium market.
“Similar trade restrictions are unlikely in vanadium, as most of the recent rise in vanadium demand is coming from China, which means China is likely to become a net importer if no new capacity is opened,” he said.
“This also means that should China become import reliant for a meaningful share of vanadium, which is to be used in two significant national industries (steel and energy storage), vanadium will move up in criticality matrices for China — moving nearer to materials like iron ore, potash and high-purity quartz.”
As demand in China picks up, Sardain anticipates the Asian nation will ramp up production. “With the current geopolitical environment, there is absolutely no way that China is going to rely on imports of vanadium,” he noted.
According to Goel, China isn’t the only country that is looking to be less reliant on imports. “Governments worldwide have recognized vanadium as a critical mineral, leading to increased support for emerging vanadium projects,” he said.
He referenced Australian company Vecco Group, which received an AU$3.8 million grant to advance the feasibility and design of a high-purity vanadium project in Brisbane.
“However, such grants are not enough to bring a project from conception to production. The current low vanadium pricing environment is a barrier to increasing ex-China capacity,” he added.
Australia to dominate growing vanadium supply capacity
While China will dominate the vanadium narrative in 2025, Australia is positioning to become a production hub.
In addition to getting its AU$3.8 million grant, Vecco’s project was granted coordinated project status by the Queensland government this past July. The status designation streamlines approvals for major developments with significant impacts, centralizing assessments and enabling public consultation.
In late December, explorer and developer QEM (ASX:QEM) also received coordinated project status from Queensland for its Julia Creek vanadium and energy project. According to a July release, a scoping study completed for Julia Creek affirms the company’s aim to produce approximately 10,571 metric tons of 99.95 percent pure vanadium pentoxide and 313 million liters of transport fuel annually over a 30 year mine life.
In mid-January, Australian Vanadium (ASX:AVL,OTC Pink:ATVVF) was granted environmental approval for its Gabanintha vanadium project in Western Australia. The approval covers a mine, concentrator, processing plant and supporting infrastructure, including a bore field and camp. The company is updating its optimized feasibility study to integrate Gabanintha into its Australian Vanadium project, one of the largest and highest-grade vanadium deposits.
How will the vanadium price perform in 2025?
Underscoring the weakness in the vanadium market, Sardain recounted factors impeding price growth.
He explained that despite several elements that should have boosted demand, the market remains surprisingly weak. Chinese monetary stimulus measures and stricter rebar standard enforcement failed to drive prices higher.
Russian vanadium pentoxide exports to China have dried up, and supply uncertainties persist in South Africa.
These conditions, which typically would have supported price increases for the battery metal, have instead had little impact, highlighting the subdued demand, especially in China.
“To be really honest, I was expecting the market to pick up in the second half of 2024,” he said.
“I was expecting this to happen, because I was looking at the interest rate in Europe, the (European Central Bank) cutting interest rates. I was expecting some kind of recovery for the European economy. I was expecting the Chinese government to be more proactive. I was expecting the property market in China to stabilize. So I was expecting some kind of rebound in the second half, which didn't take place," Sardain explained to INN.
Although the market didn’t perform to expectations in 2024, he sees promise in the months ahead.
“I think that the market is currently bottoming out. I believe that we are very close to the stabilization of the property market in China. Whether it's going to happen in Q1 or Q2 I don't know, but maybe (there will be) some kind of very, very, very mild recovery in the second half (of the year),” he said.
Highlighting the market’s positive fundamentals, CRU’s Goel said he sees a price rebound in 2025.
“We are estimating a global supply deficit in 2025 due to change in rebar standards and rise in vanadium battery demand, causing vanadium prices to rise,” said Goel. “As more supply comes online in 2026 and 2027, by 2027 vanadium prices will come down when compared to 2025 prices, but crucially remain higher than the pricing in the last 12 months.”
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
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15 January
Australian Vanadium's Gabanintha Project Receives Environmental Approval
Australian Vanadium (ASX:AVL,OTC Pink:ATVVF) announced on Monday (January 13) that its Gabanintha vanadium project has received environmental approval from the Western Australian government.
The company said that Reece Whitby, the state's environment minister, has approved the implementation of Gabanintha under section 45 of the Environmental Protection Act 1986 (WA).
“This approval marks a major milestone for the Company, advancing the project towards construction and production while strengthening our confidence in securing the remaining approvals needed to move forward with the consolidated Australian Vanadium Project,” said Australian Vanadium CEO Graham Arvidson in a release.
The approval encompasses a mine, concentrator, processing plant and other key infrastructure, including a bore field and camp. The company is working on optimised feasibility study (OFS) to incorporate Gabanintha into its Australian Vanadium project, which says is among the largest and highest-grade vanadium deposits.
Australian Vanadium intends to produce vanadium concentrate at Gabanintha, with high-purity vanadium oxides and an iron concentrate co-product produced at a planned processing plant in Tenindewa.
Located in the Murchison province approximately 43 kilometres south of Meekatharra in Western Australia, the Australian Vanadium project holds 395.4 million tonnes at 0.77 percent vanadium pentoxide.
The OFS will outline the potential economic benefits of an integrated project. It will be informed by preceding trade-off studies to determine the preferred project development pathway, mine scheduling and processing plant location.
The company notes that its strategy fits in with the Australian government's Future Made in Australia plan, which is geared at supporting Australia’s transition to a net-zero economy and increasing Australian manufacturing.
Don’t forget to follow us @INN_Australia for real-time news updates!
Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.
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