Bryah Resources debuts on ASX as it hunts next DeGrussa in Bryah Basin
The exploration portfolio consists of the Bryah Basin Project and the Gabinintha Project.
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 exploration portfolio consists of the Bryah Basin Project and the Gabinintha Project.
Bryah Resources will commence trading on the ASX at 1pm Tuesday.
The program aims to determine the nature of the mineralised domains.
This updated estimation represents a 96% increase in the overall resource.
Gabanintha is one of the highest-grade vanadium projects being advanced globally.
The company has a vertically integrated vanadium strategy.
The new funds will progress the high-grade Gabanintha Vanadium Project.
The company has a vertically integrated vanadium strategy that aims to take vanadium from the ground and turn it into batteries.
The exploration licence covers a vanadium deposit discovered in the 1960s.
Assay results for 13 of the 41 holes drilled have been received.
Initial testing will be done free of charge in Montreal, Canada.
The resource is contiguous with Australian Vanadium’s vanadium resource.
AVL is working to be ahead of schedule in its assessments.
AVL’s objective is to establish a production facility at Blesberg.
This is the second MoU signed this month to promote vanadium redox flow batteries.
AVL is set to benefit from the Bryah Resources IPO.
The agreement could help AVL sell more vanadium redox flow batteries.
The company is investigating a residential energy storage offering.
The equity interest in Bryah provides exposure to copper-gold exploration.
Nine holes for 757 metres have been completed to date at Blesberg.