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Australian Vanadium Ltd

Australian Vanadium’s baseline PFS indicates potential to become low-cost vanadium producer

Australian Vanadium Ltd (ASX:AVL) managing director Vincent Algar updates Proactive Investors on the battery metals company’s development of its Gabanintha Vanadium Project in Western Australia.
 
A baseline pre-feasibility study has been completed for the project and estimates a net present value (NPV) range for the project that has a top end of US$2.37 billion when assuming a vanadium price of US$20 per pound.
 
This base case demonstrates robust project fundamentals featuring competitive product costs and financials and will allow AVL to move quickly into piloting and definitive feasibility study (DFS) upon completion.
 
“Once you start mining in this area you then have an opportunity to either go deeper or go along strike and one thing AVL has got is a lot of strike length to work with, all of which is currently inferred resources,” Algar says. 

Quick facts: Australian Vanadium Ltd

Price: $0.01

Market: ASX
Market Cap: $24.65 m
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Australian Vanadium study shows higher than anticipated vanadium grades

Australian Vanadium Limited (ASX:AVL) managing director Vincent Algar updates Proactive Investors on the company’s ongoing vanadium pilot-scale study, with test work demonstrating increased vanadium extraction. This work on ore from The Australian Vanadium Project in WA has resulted in higher...

1 week ago

2 min read