Australian Vanadium Ltd (ASX:AVL), formally known as Yellow Rock Resources, is focussed on vanadium at its flagship Gabanintha project in Western Australia.
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Australian Vanadium further sharpens Gabanintha’s economic outlook
Australian Vanadium (ASX:AVL) is rapidly ticking all the boxes in establishing its Gabanintha project in Western Australia as a technically and economically robust vanadium operation with outstanding new metallurgical results indicating lower cost requirements.
The company, formerly Yellow Rock Resources, has achieved high recovery rates from fresh, transitional and oxide ore at Gabanintha, further demonstrating the project's strong potential to enjoy both low capital and operating costs.
The project's attractive cost profile was also underpinned by results showing that the silica content of the ore was removed easily and that there were strong recovery rates for titanium, raising the prospect of an additional revenue source.
The results will also be used to advance the processing design and combined with a recent resource estimate as part of project feasibility studies.
Economic studies are expected to begin early next year with a view to initiating a full Definitive Feasibility Study by mid-2016.
Magnetic separation tests indicate that both Low Grade (LG) and High Grade (HG) partly oxidised and fresh samples can be effectively upgraded to concentrates up to 1.5% V2O5.
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