Avonlea Materials Limited (ASX:AVZ) announced it has signed a REE and vanadium exploration agreement with Kudu Minerals.

The press release is quoted as saying:

Several historical surface drill holes intersected significant V2O5 mineralisation at depth such as BH94 with 44 m at 1.3% V2O5 including4m at 2.22% V2O5 and BH72 with 78m at 1.58% V2O5.

To read the full press release, click here.