Australian Vanadium completes first phase of optimised feasibility study

The next phase of the optimised feasibility study will see Australian Vanadium finalise the detailed mining plan for its namesake project.
The next phase of the optimised feasibility study will see Australian Vanadium finalise the detailed mining plan for its namesake project.

Australian Vanadium (ASX: AVL) has completed the first phase of the optimised feasibility study (OFS) for the Australian Vanadium project in WA.

The first phase of the optimised feasibility study consisted of three milestones with the first milestone comprising of an update to the mineral resource estimate with a 39% increase in the measured and indicated categories.

Milestone two was the identification of an optimal location along strike to begin mining along the southern blocks of the project due to higher vanadium and iron concentrate grades and favourable weathering attributes.

The final milestone was the identification of optimal processing plant location. Australian Vanadium has now completed a key trade-off study that confirmed Tenindewa, near Geraldton, as the preferred location for the downstream processing plant.

Australian Vanadium chief executive Graham Arvidson commented on the completion of the study.

“By focusing on the most promising sections of the orebody and conducting a comprehensive analysis to select the optimal location for the downstream processing plant, we have now finalised the key foundations from which the remaining OFS activities can fully define a ‘stronger for longer’ version of the project,” he said.

“The team will now execute the remaining OFS scope to maximise project definition and bankability, while minimising project execution risk.

“Timely delivery of the project is a key objective for the company in anticipation of growing demand for vanadium flow batteries, which will cornerstone the essential long duration energy requirements of the net zero carbon energy transition.”

The next phase of the optimised feasibility study will see Australian Vanadium finalise the detailed mining plan using the results of the updated mineral resource estimate, optimise all project infrastructure and complete the layout and key design criteria for the upstream crushing, milling and beneficiation plant.