PERTH (miningweekly.com) – ASX-listed Australian Vanadium has received approval for a water licence for the processing plant at its namesake project in Western Australia.
The licence entitles the company to extract 1.2 GL of water a year 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,” said Australian Vanadium CEO Graham Arvidson.
The A$367-million Australian Vanadium project will process high-grade vanadium from its Meekatharra mine and transport it to its Tenindewa plant powered by clean hydrogen from partner ATCO Australia.
The project is one of the most advanced vanadium projects being developed globally and will produce a vanadium concentrate at the resource site and complete production of a high-purity vanadium and an iron titanium (FeTi) coproduct at a processing plant located near the port city of Geraldton.
The project will ship 900 000 t/y of FeTi coproduct through the Port of Geraldton for the 25-year life of the project, with more than 740 jobs to be supported.