Australian Vanadium achieves significant research milestones for vanadium project
In 2020, AVL was awarded a Co-operative Research Centre Project grant of $1.25 million by the Australian Federal Government through a competitive award process.
Company
ASX:AVL
Australian Vanadium Ltd (ASX:AVL, OTCQB:ATVVF) is a resource company focused on vanadium, seeking to offer investors a unique exposure to all aspects of the vanadium value chain – from resource through to steel and energy storage opportunities. The company is advancing the development of its world-class Australian Vanadium Project at Gabaninthaoject near Meekatharra, which is among the highest-grade vanadium projects in the world. VSUN Energy is AVL’s 100% owned renewable energy and energy storage subsidiary which is focused on developing the Australian market for vanadium flow batteries for long duration energy storage.
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In 2020, AVL was awarded a Co-operative Research Centre Project grant of $1.25 million by the Australian Federal Government through a competitive award process.
The Coates Project near Perth is 29 kilometres southeast of the nickel-copper-platinum group elements-gold discoveries by Chalice Mining and in a similar geological setting.
The company’s primary objective for filing the patent application is to protect the unique and efficient processing design that has been developed to bring the Australian Vanadium Project at Gabanintha into production.
The company’s plans to add value to its vanadium in Australia will benefit from the government assistance if it is successful in its application.
Bryah holds a suite of mineral rights over the project including nickel, copper and gold while AVL holds the mineral rights to vanadium, titanium, iron ore and cobalt.
“As a global community, it is important that businesses behave in a responsible and sustainable manner to ensure the positive future of our planet," says MD.
The overall vanadium recovery forecast for the entire process is regarded as exceptional due to a combination of favourable ore characteristics and significant technical development by AVL.
The Federal Government has today launched a 10-year road map aimed at supporting Australia’s critical minerals industry.
The Australian Vanadium Project is the subject of a bankable feasibility study by AVL and both companies are planning a cobalt-nickel-copper mineral resource update with new drilling results.
The company is advancing the development of its world-class Australian Vanadium Project and intends to produce a value-added vanadium product in Australia for sale to steel, battery and specialty chemical customers.
CADDS Group will design a new housing for the VRFB system and provide potential design changes to improve the battery for Australian residential conditions.
The positive economic results give grounds for completion of a BFS in mid-2021, finalising offtake, obtaining final approvals and securing project finance.
An MOU has been signed with US Vanadium LLC, which AVL says will give it the ability to negotiate at the highest level within the vanadium market and leverage the critical mineral narrative with end-users.
USV has deep ties across the North American vanadium end-user market and the capacity to act as a sales agent for future AVL high-purity vanadium products.
The MOU is non-binding and for a term of two years with an option to renew for a further 12 months and offers opportunities to expand VRFB sales in the Australian market.
“AVL is developing one of the highest-grade vanadium projects underway in the world and our aim is to become a low-cost producer able to withstand long-term commodity price cycles,” said managing director Vincent Algar.
The MOU provides a basis for negotiations to establish a binding offtake agreement, with the intention for ATCO to supply 10% of the total gas requirements with green hydrogen.
The company is undertaking diamond drilling in the resource blocks at the Australian Vanadium Project to gather key metallurgy and geotechnical information.
The vanadium redox flow battery-based standalone power system is designed to provide the microgrid with an uninterrupted, clean and safe source of energy primarily supplied by direct and stored solar energy.
The company’s strategy incorporates use of hydrogen in the ore reduction process, into the natural gas pipeline, transportation from mine site vehicles to haulage trucks and use of hydrogen ammonia by-product material in vanadium processing
The Tumblegum South Project is progressing through its final stages of evaluation in readiness for mining, targeting first production as soon as 2021.
Testing has included APV and AMV production routes, allowing optionality in the BFS to simplify the refinery circuit and potentially lower capital and operating costs.
The company is advancing the Australian Vanadium Project at Gabanintha towards completion of a bankable feasibility study in mid-2021 and is strongly focused on the project’s ability to become the lowest-cost primary vanadium producer.
The company has signed a one-year extension to an option agreement for land to locate its processing plant near Geraldton and reaffirmed the benefits of the coastal location strategy.
New director Cliff Lawrenson joins AVL directors Vincent Algar, Leslie Ingraham and US-based vanadium expert Daniel Harris, who has more than 40 years of global vanadium experience including processing and operation.
The placement attracted strong interest from existing shareholders and new investors, with the funds set to accelerate delivery of a bankable feasibility study for the company's flagship project.
New tenement applications will strengthen the landholding at the collaboration to cover 111.6 square kilometres about 29 kilometres from the Julimar nickel-PGE discovery of Chalice Gold Mines.
The company has compiled most of the available geological and geochemical information for the Coates Project which will guide future exploration.
As part of the MOU, Australia’s first grid-connect ready residential VRFB has been ordered from Chinese technology enterprise CEC and is due to be delivered to the Port of Fremantle in late October 2020.
The MOU establishes the framework for supply of vanadium pentoxide and vanadium electrolyte for CellCube vanadium redox flow batteries (VRFBs).
The grant of the mining lease further creates a solid foundation for completion of the project’s approvals to begin mining operations.
The ability to sell the iron-rich calcine material could have positive economic impacts on the development of the Australian Vanadium Project.
The new mining licence application, complements and extends AVL’s position over the deposit at Gabanintha.
The company aims to lower operating and capital costs for its high-grade Australian Vanadium Project in Western Australia's Mid-West.
The results from the research project are expected to have a positive impact on operating costs for the company's Australian Vanadium Project.
The company is adapting a proven industrial technology to modify and improve the traditional vanadium salt roast processing techniques as it moves to deliver The Australian Vanadium Project near Meekatharra in Western Australia.
Results of the drilling will fulfil the planned objectives, being to significantly increase the potential mine life or scale of the project to beyond the current 17 years as defined in the PFS and to enable better-informed decisions on the
The letter of intent is with a subsidiary of the world’s third largest vanadium producer, HBIS Group Chengsteel.
Surface sampling in 2018 and 2019 confirmed significant vanadium content with values up to 1.59% vanadium pentoxide.
Productivity for this month’s phase II 30-hole RC drilling program was high with an average meterage of 292 metres per shift.
Drilling aims to further define and add value to the high-grade vanadium magnetite zone.
Positive results improve the resource interpretation to support an updated mineral resource estimate at The Australian Vanadium Project.
New location of processing plant will reduce remote site capex at Meekatharra mine site, including removing the need for a gas pipeline to site
Further drilling targeting highest priority locations planned this calendar year, with infill drilling of remaining lower priority targets scheduled for 2020.
The company’s goal is to grow the demand for redox flow battery to ensure that the market for vanadium isn’t purely driven by steel.
The company plans to update its mineral resource statement at the end of each drill campaign.
The company will continue to apply for R&D refunds as it focuses on improving vanadium recovery at its namesake project.
The company is focused on positioning itself as a global, low-cost vanadium producer by optimising capital and operating costs.
The company is actively negotiating potential offtake agreements for the calcine product and vanadium produced from the Australian Vanadium Project in WA.
Hardware & electrical equipment
VSUN Energy is applying for a grant to install a vanadium redox flow battery and solar photovoltaic system.
AVL is expected to convert a significant proportion of its current resource into reserves through infill drilling for a modest expenditure.
Bench-scale testing by has upgraded the calcine iron content to an average of 66% iron, which could be sold into the global iron ore market.
The status recognises the national strategic significance of The Australian Vanadium Project through its contribution to economic growth, employment and regional Western Australia.
Hardware & electrical equipment
A 100kW solar system with a 20kW power, 80kWh energy storage Vanadium Redox Flow Battery will be installed by Priest Bros.
The vanadium roast pilot testing will start in October at Metso’s pyrometallurgical testing facilities in the USA after the magnetic concentrate pilot is completed in Perth.
The agreement is with Metrowest which provides turnkey solutions from design through to commissioning, using in-house technical knowledge.
Investments and investor services
The test work being undertaken on the high-grade Australian Vanadium Project continues to confirm the deposit's quality.
Australian Vanadium Ltd managing director Vincent Algar discusses the fundamentals of the vanadium market and uses of the mineral.
A robust approach to optimise process design aims to distinguish The Australian Vanadium Project as the leading global vanadium project of choice.
Non-executive director Daniel Harris has purchased shares valued at $35,000.
The company is considering the application of Marenica Energy’s (ASX:MEY) uranium upgrade process to mineralisation at the Nowthanna project.
The company’s intention is to enter into a binding access agreement with Westgold within six months.
The Nowthanna Hill resource has been updated to comply with JORC Code 2012 guidelines.
The pilot test work program is advancing as planned and the crushing milling and beneficiation (CMB) circuit on typical mine life material blends is due for completion in early July.
The deal provides a development catalyst for the Coates project which is a secondary asset for AVL.
A revised resource model is on the agenda for the US$616 million The Australian Vanadium Project.
The company is advancing its Australian Vanadium Project, which is one of the highest-grade vanadium projects being advanced globally with 183.6 million tonnes at 0.76% vanadium pentoxide.
The company is on schedule to complete the pilot study and the definitive feasibility study in 2019.
The company's flagship project has a US$616 million value at a US$13 per pound vanadium price.
Resource upgrade to follow the end of drilling, expected April 2019, and pilot metallurgical test program to commence the same month.
The program will provide oxide, transitional and fresh core for pilot plant metallurgical test work.
The company is well-funded to completes its definitive feasibility study (DFS).
A recent PFS valued an initial 17-year open pit mining operation at up to US$1.41 billion.
Bryah holds the rights to all minerals except vanadium, uranium, cobalt, chromium, titanium, lithium, tantalum, manganese and iron ore.
The company has also reported a maiden ore reserve, adding to the project’s low-risk mineral resource and strong economic potential.
A trading halt has been granted by the ASX with a maiden ore reserve also pending.
The company is targeting low-cost vanadium pentoxide production with the study expected this month.
The company aims to develop the world's next high-grade vanadium mine.
Researchers will be creating capacity and capability to leverage the global battery metals boom as focus is shifted to new energy systems.
The two-day Technology and Low Emission Minerals Conference featured many of Australia’s emerging resource companies focused on sustainable operations and new energy minerals.
The battery mineral is still largely being used in steel production, but its demand is expected to explode as vanadium redox flow batteries are used to store renewable energy.
The conference will be held at the Westin Hotel in Perth next Tuesday and Wednesday, November 13 and 14.
The 2018 program at Gabanintha has drilled a consistent 3-10-metre-thick zone grading over 1.2% vanadium pentoxide in 10 of 11 holes.
Initial findings highlight AVL’s potential to become a new low-cost vanadium producer.
The halt will remain in place until Wednesday, September 26, or until an announcement is released.
The company has also pegged a new 49.7 square kilometre tenement.
SCHMID is keen to secure vanadium pentoxide and/or vanadium electrolyte for vanadium redox flow batteries.
The PFS is also evaluating production of high purity vanadium products.
S&P expects mined cobalt supply to increase at a CAGR of 12% to 2021.
Australian Vanadium Ltd reports a maiden inferred estimate of 12.5 million tonnes at 659ppm nickel and 222ppm copper.
The updated JORC resource will feed into the ongoing pre-feasibility study.
An MOU has been signed with private Chinese steel and alloy producer Win-Win Development Group.
The tests on fresh high-grade massive magnetite have resulted in recovery of saleable nickel, copper and cobalt.
Cobalt, nickel and copper have been recovered at saleable levels in tests on a sulphide concentrate.
The ongoing work will form part of a pre-feasibility study for the project, which is well underway.
The tour is the world’s leading forum on supply chains for battery technologies and this year will visit 16 cities.
The company's shares are trading 6% higher intra-day, at 5.3 cents.
Attracting institutional investors further confirms the merits of the company’s plans.
A strengthened balance sheet would assist in funding the Western Power SPS project.
The aim of the project is to improve power reliability and reduce electricity network costs.