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 moves towards developing Gabanintha
Australian Vanadium Ltd (ASX:AVL) has completed an updated concept study for the Gabanintha vanadium project located in Western Australia.
Results from the concept study have satisfied the board to advance the project with further key studies including metallurgical test work, resource update, mining study and environmental studies.
The company's strategy is to deliver vanadium products such as batteries to end users and supply and process raw materials sourced from Gabanintha.
Vincent Algar, managing director, commented: "The company will now concentrate on key studies that reduce the risks for the project ahead of detailed feasibility studies. Water and environment are such areas.
"Along with the positive metallurgical test outcomes, the mining studies will assist us in marketing and offtake discussions which are essential for project development."
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