Australian Vanadium Ltd
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's shares power higher after signing key agreements
Australian Vanadium's (ASX:AVL) shares are on a tear this week, closing at tiny_mce_marker.017 yesterday, which is 55% higher than where the company started the week.
Driving investor interest has been the signing of key agreements.
Australian Vanadium has signed a memorandum of understanding with Sun Connect Pty Ltd for the marketing and sale of Vanadium Redox Flow Batteries in Australia.
This follows an agreement signed with Gildemeister Energy Storage to collaborate on future Vanadium Redox Flow Battery (VRFB) installations and electrolyte production in Australia.
Sun Connect will collaborate with Australian Vanadium on the specification of the renewable component of power requirements for the Gabanintha vanadium project as part of the ongoing feasibility studies.
Gabanintha is currently one of the highest-grade projects being advanced globally with measured, indicated and inferred resources of 91.4 million tonnes grading 0.82% vanadium oxide.
It also contains a discrete high-grade zone of 56.8 million tonnes grading 1.0% vanadium oxide.
Price catalysts and milestones ahead
- Updated Concept Study upgrade anticipated in Q1 2016.
- Detailed PFS and complete plant design planned for 2016, along with EIA progress.
- Negotiations with Asian vanadium and steel producers for project involvement.
- Vanadium electrolyte plant design and specifications being developed for 2016 construction - to support local vanadium battery sales.
The news flow ahead represents a pipeline of price accretive milestones for Australian Vanadium.
Other Australian Vanadium Ltd news
- Australian Vanadium巩固了Gabanintha作为全球重要矿藏的地位
2017-09-01 - Australian Vanadium自主提供多种电池解决方案
2017-08-24 - Australian Vanadium获得更多资本
2017-08-07 - Australian Vanadium测定显示长石商机
2017-07-05 - Australian Vanadium关注Blesberg的JORC资源
2017-06-07
