Australian Vanadium Limited

Higher Vanadium and Iron Concentrate Grades Highlighted in Testwork

Australian Vanadium Limited (ASX: AVL, “the Company” or “AVL”) is pleased to announce progress on the work being undertaken by the Company to integrate the two adjoining projects located across one orebody, following the successful completion of its merger with Technology Metals Australia (TMT).1


KEY POINTS

  • Following the recent merger, metallurgical testwork confirms the trend of higher vanadium and iron concentrate grades towards the south of the combined project and supports further investigation of a commercial scale ilmenite product.
  • Vanadium concentrate grades for Block 70 average up to 1.6% V2O5, consistent with the results from the Yarrabubba deposit (Block 80).
  • Higher iron grade in concentrate averages greater than 60% for Block 70.
  • Results suggest a high-grade project can be optimised across an unconstrained southern strike extent, with potential for increased economic benefits.
Prior to the merger, TMT owned tenements at the northern end of the orebody and a small block at the southern end of the orebody, known as the Yarrabubba deposit. The Yarrabubba deposit was entirely surrounded by AVL’s tenements, significantly constraining development by TMT (see Figure 1 below).2

As part of the Optimised Feasibility Study (OFS) being conducted by AVL to inform the preferred project development pathway for the integrated project,1 work has progressed to maximise the possible economic return through access to the high-grade southern area of the orebody, which previously straddled the two projects. This work has included metallurgical testwork on parts of the orebody adjoining the Yarrabubba deposit.

CEO, Graham Arvidson comments, “This testwork bolsters our view that a long-life, high-grade integrated project at the southern areas of the combined project can be defined quickly based on historical work by removing the constraints from TMT’s previously landlocked Yarrabubba deposit and adding to it similar mineralisation within the historical AVL deposit. The team will use this testwork within the broader integration studies, with the aim of improving the economics of the project via reduced capital and operating costs. This has the potential to deliver a material increase in value for our shareholders.”

Figure 1 – Location map showing blocks of AVL’s deposit

The combined project on one orebody is broken by several regional scale faults which split the deposit into a series of blocks. The Yarrabubba deposit has now become Block 80 of AVL’s combined deposit and abuts AVL’s Block 70 deposit (see Figure 1 above).


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
The Conversation (0)
Australia flag with "growth" and "economy" puzzle pieces on it.

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.

Keep reading...Show less
Chalkboard with graph showing price, supply, demand and quantity.

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.

Keep reading...Show less
Vanadium periodic symbol.

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.

Keep reading...Show less
Vanadium periodic symbol.

QEM’s Julia Creek Vanadium Asset Gets Coordinated Project Status in Queensland

Explorer and developer QEM (ASX:QEM) said on Monday (December 23) that its Julia Creek vanadium and energy project has received coordinated project status from Queensland’s Office of the Coordinator-General.

According to QEM, the declaration will allow the office to facilitate regulatory approvals.

The company has been working for the last 24 months on environmental baselines needed for Julia Creek's environmental impact statement (EIS), and will now start preparing draft terms of reference for the EIS.

Keep reading...Show less
Vanadium periodic symbol.

Australian Vanadium Gets AU$2.63 Million Government Refund for R&D Work

Australian Vanadium (ASX:AVL,OTC Pink:ATVVF) announced on Tuesday (August 13) that it has received AU$2.63 million by way of the Australian government’s Research & Development (R&D) Tax Incentive Scheme.

The refund amount was granted for R&D completed in the 2022/2023 tax year by Australian Vanadium and Technology Metals Australia, with AU$1.79 million and AU$0.84 million coming from their respective submissions.

The two companies announced plans to merge in 2023, and completed the transaction earlier this year.

Keep reading...Show less
Magnifying glass looking at vanadium periodic symbol.

Vanadium Market Update: H1 2024 in Review

Vanadium saw a price bump in January on hopes that China's property sector would prop up demand, but that positivity began to erode during the first half of the year as consumption remained weak.

Willis Thomas, head of CRU+, said that in January prices were 5 percent higher than December’s average, reaching 91,167 renminbi per metric ton (MT) delivered at place (DAP), or US$12,766.16.

“However, since this pre-New Year’s bump, policies introduced this year have so far failed to revive demand in the property sector, and the downward trend on pricing has continued along with structurally weak demand for finished long steel products,” he told the Investing News Network (INN) via email.

Keep reading...Show less

Latest Press Releases

Related News

×