Australian Vanadium (ASX:AVL) Produces High Purity Vanadium From WA Project

Australian Vanadium (AVL) has returned high purity vanadium pentoxide from its The Australian Project, based inland from Geraldton in West Australia’s north.
AVL presented a 99.5 per cent purity end product after metallurgical work was carried out in Perth.
The results come after sequential beneficiation, pyrometallurgy and hydrometallurgy pilot programs.
This round of processing was part of AVL’s bankable feasibility study (BFS) to finalise the potential for project financing.
Testing also confirmed the ammonium metavanadate precipitation process is the best course for The Australian Vanadium Project.
According to the company, Vanadium is an in-demand product with both defence force steel and the battery industry relying on the supply.
“AVL differentiates itself from its peers by demonstrating a detailed technical understanding of the proposed processes we intend to build,” Managing Director Vincent Algar said.
“The ability to produce V2O5 at this purity opens markets for AVL’s vanadium in both critical minerals and battery minerals markets.
“Samples of our own V2O5 product generated from our planned process can now find their way to customers for validation and completion of offtake agreements for long term supply.”
Australian Vanadium shares have risen 7.41 per cent and were trading are 2.9 cents a share at 11:02 am AEDT.