Proactive Investors - Run By Investors For Investors

Australian Vanadium offers vanadium expertise to battery industry research centre

Researchers will be creating capacity and capability to leverage the global battery metals boom as focus is shifted to new energy systems.
Australian Vanadium offers vanadium expertise to battery industry research centre
AVL subsidiary VSUN Energy's vanadium flow battery

Australian Vanadium Ltd (ASX:AVL) and subsidiary VSUN Energy have signed an agreement to offer in-kind services to the Future Batteries Industry Cooperative Research Centre (FBI CRC).

The FBI CRC aims to support the development of hubs and precincts of globally competitive battery industries while ensuring a secure supply of battery metals to meet global demand in the transition to new energy systems.

VSUN Energy was established to provide AVL vertical integration opportunities in vanadium supply and battery installation.

 

AVL managing director Vincent Algar said: “It’s great to see the change in focus in Western Australia to not repeat the dig and ship mentality of the iron ore boom.

“We have the opportunity to add real value and develop strong expertise in Australia and, in particular, Western Australia.

“The FBI CRC could help enable industry participants to work together to build a battery industry that will benefit all Australians.”

READ: Vanadium critical for renewable energy storage, hears Technology and Low Emission Minerals Conference

AVL’s expertise in the extraction and processing of vanadium will assist the centre to leverage Australia’s vast mineral resources.

Having produced vanadium electrolyte in Australia, AVL’s pilot plant resource will be of great use to the FBI CRC should its application be successful.

The FBI CRC is being driven by Curtin University, with help from partners such as Tianqi Lithium, the Government of Western Australia, BHP, Pilbara Minerals Ltd (ASX:PLS) the University of Western Australia and Murdoch University.

READ: Australian Vanadium confirms broad high-grade vanadium zone at Gabanintha

AVL has completed a baseline pre-feasibility study for its Gabanintha Vanadium Project in WA, which estimates a net present value (NPV) range for the project that has an upper end of US$2.37 billion when assuming a US$20 per pound vanadium price.

The base case demonstrates robust project fundamentals featuring competitive product costs and financials and will allow AVL to move quickly into piloting and a definitive feasibility study.

Gabanintha has a vanadium resource of 175.5 million tonnes at 0.77% vanadium pentoxide, which includes a high-grade zone of 93.6 million tonnes at 1%.

A recently completed infill drilling program at the project confirmed a consistent 3 to 10-metre-thick zone grading over 1.2% vanadium in 10 of 11 holes.

View full AVL profile View Profile

Australian Vanadium Ltd Timeline

Related Articles

1547552341_golden-arrow---antofalla.jpg
January 13 2019
The company recently announced the start of the Chinchillas operation in Jujuy Province, Argentina
email
October 23 2018
As part of a new communications effort, Kibo has addressed a number of shareholder queries via a 'Q&A', released across the London regulatory news service
Drill rig in the Goldfields
February 11 2019
Intermin gained today on news it may snap up a Coolgardie project and plant from Focus Minerals.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use