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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Managing director Vincent Algar told the annual mining conference in Kalgoorlie that few technologies have the potential to solve the problem of long-life energy storage like vanadium redox flow batteries.
The company’s $571,000 SPP complemented the recently completed $20 million placement to existing and new institutional, professional and sophisticated investors.
The battery is being prepared for shipment from Spain and will travel to Western Australia where the VSUN Energy team will undertake testing in the Perth area before deployment.
“With AVL’s focus firmly on the development of the Australian Vanadium Project at Gabanintha, we are pleased to have completed this first important phase of work at Coates,” says MD Vincent Algar.
“Jointly the companies aim to grow the Australian vanadium energy storage sector and do justice to this Australian-invented technology," says AVL managing director Vincent Algar.
“With AVL progressing strongly toward vanadium production; completing the BFS and being granted a A$49 million grant from the government, Bryah also comes a step closer to realising value in its mineral rights," says BYH CEO.
Funds raised under the placement and SPP will be used to finance ongoing work at AVL’s Australian Vanadium Project and to develop key downstream markets ahead of finalising debt financing and a final investment decision.
“With AVL’s primary focus being the development of the Australian Vanadium Project at Gabanintha, the option agreement offers AVL shareholders continued exposure to exploration success at the Coates and Nowthanna Hill projects in a focused
“The processing patent application by AVL is another important milestone along the way to production for the company, further enabling the development of the project, and meeting growing demand for vanadium globally,” says MD.
Rizhao Steel is the world’s 26th and China’s 15th largest integrated steel producer and generates 15 million tonnes of steel every year.
Commenting on the progress, Bryah CEO Ashley Jones said: “With AVL’s BFS now completed, Bryah can utilise the updated BFS resource and Reserve and mine schedule to work with AVL on progressing the recovery of the additional, highly sought a
"The robust designs and financials presented in this work firm the pathway to new vanadium production and set the project apart as the most advanced new primary vanadium project globally,” said managing director Vincent Algar.
These agreements further validate AVL’s strategic decision to locate its vanadium processing plant close to Geraldton’s port, strengthening the AVL pathway to funding and project development,” says MD.
“Our project will create hundreds of jobs in Australia and help to build the critical vanadium industry both locally and internationally. We have developed an innovative and collaborative approach to building a fully integrated project, fro
“Having confidence that MWPA will be able to directly accommodate our requirements is another big step in our pathway to production,” AVL managing director Vincent Algar said.
Vanadium redox flow battery (VRFB) technology will be trialled for water purification and pumping applications.
“AVL differentiates itself from its peers by demonstrating a detailed technical understanding of the proposed processes we intend to build. The ability to produce V2O5 at this purity opens markets for AVL’s vanadium in both critical mineral
The test makes standalone electric vehicle charging stations viable even in remote and inaccessible parts of the country.
“Securing the option over the site is a key part of our development activity. Water supply, land rezoning, transport routes and final approvals over the site and roads are important steps on the pathway to bring the project into production,
“The installation of an SPS based on vanadium technology for pumping applications enables diesel to be almost entirely eliminated, helping reduce overall carbon emissions and providing reliable green power,” says AVL MD.
