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 Ltd's Vincent Algar to chair Energy Storage Committee
Australian Vanadium Ltd's (ASX:AVL) managing director, Vincent Algar, has been appointed chair of Vanitec's newly created Energy Storage Committee.
Algar commented on the appointment: "I am looking forward to taking on this role with the other experienced members.
"Together we are passionate about ensuring that the vanadium market maintains and increases its momentum.
"Energy storage has an important role to play, particularly as a result of the Paris climate change commitment.
"Whilst it's important to maintain traditional vanadium markets, diversification at this time will ensure that the future for vanadium is economically bright."
Australian Vanadium's strategy is to deliver vanadium products to end users that can be sourced and processed through the company's mine and plant.
The company already has key agreements with vanadium battery suppliers and solar energy installers to develop the local market
Australian Vanadium's Gabanintha deposit in Western Australia is currently one of the highest-grade vanadium projects being advanced globally with JORC 2012 measured, indicated and inferred resources of 91.4 million tonnes grading 0.82% V2O5.
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