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.
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