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Australian Vanadium reveals PFS & maiden ore reserve for 'globally unique' project

Australian Vanadium Ltd (ASX:AVL) managing director Vincent Algar speaks to Proactive Investors about today's announced maiden ore reserve and final Pre Feasibility Study (PFS) on the Gabanintha Vanadium Project in Western Australia. The results follow on from a base case released in September.

Explaining the importance of having a life of mine mass recovery to concentrate of over 60%, Algar says, "This is one of the most exciting things about the Gabanintha deposit overall. It yields something that vanadium, titanium deposits around the world don't yield; which is when we use magnetic separation to pull the magnetite out of the ore, we get a very large mass pool, and that means we can make the plant slightly smaller than others have to around the world... so there's a certain uniqueness about Gabanintha, and we've been able to translate this into the process design and into the mine schedule."

Quick facts: Australian Vanadium Ltd

Price: 0.012 AUD

Market: ASX
Market Cap: $30.63 m

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