leadf
logo-loader
viewAustralian Vanadium Ltd

Australian Vanadium to collaborate with leading-edge engineering and metals recovery/extraction consultancy

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.

Australian Vanadium Ltd -
AVL and GSAe will explore opportunities to value-add to AVL’s Australian Vanadium Project

Australian Vanadium Ltd (ASX:AVL) has signed an MOU with UK-based GSA Environmental Ltd (GSAe) for commercial and technical collaboration with the aim of value-adding to AVL’s namesake project through additional vanadium sources and economies of scale.

GSAe is an engineering company with unique intellectual property in the extraction of vanadium, nickel and other metals from hard-to-process by-product material.

It has multi-disciplined and extensive expertise across a range of industry sectors including oil and gas processing and refining, petrochemicals and renewables.

The MOU will see both parties collaborate to evaluate feedstock that has the capability to improve the economics of the Australian Vanadium Project near Gabanintha in WA.

With a number of by-products containing vanadium, such as fly ash, slags and petcoke slags, AVL’s world-class vanadium team in conjunction with staff from GSAe will collaborate and partner to investigate the commercial opportunities and possible economies offered by incorporating alternative vanadium units into the processing plant.

Petcoke stockpiles. 

Unique metal extraction skills

Managing director Vincent Algar said: “AVL and GSAe have developed a strong relationship through previous interactions and common interest in the environment and vanadium redox flow battery chemistry and technology.

“Teaming up the vanadium processing expertise in AVL with GSAe’s unique clean environment and metal extraction skills will allow us to deliver further improvements and positive investor outcomes for AVL shareholders and other stakeholders.”

The MOU is for a two-year initial term with an option to extend by mutual agreement.

It can be terminated by either party if an offtake agreement with a supplier is not concluded by the end of the term and provides the basis for the two companies to enter into a commercial agreement for use of GSAe’s proprietary technology and technologies developed between AVL and GSAe.

Towards BFS completion

AVL is advancing the Australian Vanadium Project towards completion of a bankable feasibility study in mid-2021, strongly focused on the project’s ability to become the lowest cost primary vanadium producer.

The project is currently one of the highest-grade vanadium projects being advanced globally with a JORC-compliant resource of 208.2 million tonnes at 0.74% vanadium pentoxide (V2O5), containing a high-grade zone of 87.9 million tonnes at 1.06% V2O5.

It has an ore reserve of 18.24 million tonnes at 1.04% V2O5 comprised of a proved reserve of 9.82 million tonnes at 1.07% and a probable reserve of 8.42 million tonnes at 1.01%.

Quick facts: Australian Vanadium Ltd

Price: 0.013 AUD

ASX:AVL
Market: ASX
Market Cap: $38.01 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Australian Vanadium Ltd named herein, including the promotion by the Company of Australian Vanadium Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Australian Vanadium says using green hydrogen will bring big benefits to its...

Australian Vanadium Ltd's (ASX:AVL) (OTCMKTS:ATVVF) (FRA:JT71) Vincent Algar caught up with Proactive's Andrew Scott soon after signing an MOU with ATCO Australia for the supply of green hydrogen for AVL’s planned processing plant near Geraldton. Algar also discusses the diamond drilling program...

1 day, 12 hours ago

2 min read