Name of the Project
Australian vanadium project.

Location
Murchison province, Western Australia.

Project Owner/s
Australian Vanadium Limited (AVL).

Project Description
The project is one of the most advanced vanadium projects being developed in the world, and comprises a high-grade vanadium/titanium/iron-ore deposit, with proven and probable reserves of 32.1-million tonnes grading 1.05% vanadium pentoxide.

The project is expected to produce 24.3-million pounds of vanadium a year over a 25-year mine life and is based on a proposed openpit mine; a crushing, milling and beneficiation plant; and a processing plant for final conversion and sale of high-quality vanadium pentoxide for use in steel, specialty alloys and energy storage markets.

About 900 000 t/y iron-titanium co-product will be shipped through the Port of Geraldton over the life-of-mine.

Potential Job Creation
More than 740 jobs are expected to be supported by the project.

Net Present Value/Internal Rate of Return
The project has pretax net present value, at an 8% discount rate, of A$909-million and internal rate of return of 17.5%, with a payback of 6.6 years.

Capital Expenditure
$399-million.

Planned Start/End Date
Not stated.

Latest Developments
AVL has received approval for a water licence for the processing plant at its namesake project.

The licence entitles the company to extract 1.2 Gℓ/y of water to use for industrial processes at the processing plant, and has been granted for an initial ten years, with a standard renewal process to be followed to retain the licence for ongoing operations.

“Securing water for the processing plant is a key step forward in the company’s work to bring the Australian Vanadium project into production,” Australian Vanadium CEO Graham Arvidson has said.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Australian Vanadium, tel +61 8 9321 5594 or email info@australianvanadium.com.au.