Company
ASX:AVL
Australian Vanadium Ltd (ASX:AVL, OTCQB:ATVVF) is a resource company focused on vanadium, seeking to offer investors a unique exposure to all aspects of the vanadium value chain – from resource through to steel and energy storage opportunities. The company is advancing the development of its world-class Australian Vanadium Project at Gabaninthaoject near Meekatharra, which is among the highest-grade vanadium projects in the world. VSUN Energy is AVL’s 100% owned renewable energy and energy storage subsidiary which is focused on developing the Australian market for vanadium flow batteries for long duration energy storage.
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The battery mineral is still largely being used in steel production, but its demand is expected to explode as vanadium redox flow batteries are used to store renewable energy.
The conference will be held at the Westin Hotel in Perth next Tuesday and Wednesday, November 13 and 14.
The 2018 program at Gabanintha has drilled a consistent 3-10-metre-thick zone grading over 1.2% vanadium pentoxide in 10 of 11 holes.
Initial findings highlight AVL’s potential to become a new low-cost vanadium producer.
The halt will remain in place until Wednesday, September 26, or until an announcement is released.
The company has also pegged a new 49.7 square kilometre tenement.
SCHMID is keen to secure vanadium pentoxide and/or vanadium electrolyte for vanadium redox flow batteries.
The PFS is also evaluating production of high purity vanadium products.
S&P expects mined cobalt supply to increase at a CAGR of 12% to 2021.
Australian Vanadium Ltd reports a maiden inferred estimate of 12.5 million tonnes at 659ppm nickel and 222ppm copper.
The updated JORC resource will feed into the ongoing pre-feasibility study.
An MOU has been signed with private Chinese steel and alloy producer Win-Win Development Group.
The tests on fresh high-grade massive magnetite have resulted in recovery of saleable nickel, copper and cobalt.
Cobalt, nickel and copper have been recovered at saleable levels in tests on a sulphide concentrate.
The ongoing work will form part of a pre-feasibility study for the project, which is well underway.
The tour is the world’s leading forum on supply chains for battery technologies and this year will visit 16 cities.
The company's shares are trading 6% higher intra-day, at 5.3 cents.
Attracting institutional investors further confirms the merits of the company’s plans.
A strengthened balance sheet would assist in funding the Western Power SPS project.
The aim of the project is to improve power reliability and reduce electricity network costs.
