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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Yellow Rock Resources looks toward PFS for Gabanintha vanadium
Yellow Rock Resources (ASX:YRR) is advancing technical activity at the high grade Gabanintha Vanadium Project in Western Australia toward delivering a a Pre-feasibility Study (PFS) by mid-2015.
Results from the recently completed concept engineering study were strong and warrant further technical and financial evaluation.
Yellow Rock is currently considering a number of technical programs and management options to advance the project toward Bankable Feasibility.
Several proposals from metallurgical, mining and environmental services groups will be evaluated over the course of the next month to ensure a cost efficient development path is selected.
The company plans to enter service agreements with a combination of internal and external specialists from the resources industry to deliver a Pre-feasibility Study by mid-2015.
Gabanintha has one of the highest grade vanadium deposits in the world with an Indicated and Inferred Resource of 60.4 million tonnes grading 0.98% vanadium, 11.4% titanium and 42.15% iron.
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