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Australian Vanadium (ASX:AVL) - Managing Director, Vincent Algar - The Market Herald
Managing Director, Vincent Algar
Source: Australian Vanadium
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  • Australian Vanadium (AVL) has averaged an 89 per cent vanadium recovery in the first stage of a pilot-scale water leach process for its flagship project
  • Completing this step forms part of the company's ongoing bid to establish a lower-cost primary vanadium operation
  • The pilot achieved 88 to 90 per cent vanadium leach extraction and projected extraction from the second stage could be greater than 93 per cent
  • Broadly, AVL said the mechanical leach circuit proved to be a viable, cost-effective design and a key step in the bankable feasibility study
  • Australian Vanadium shares are up 5 per cent, trading at 2.1 cents at 12.23 pm AEST

Australian Vanadium (AVL) averaged an 89 per cent vanadium recovery in the first step of a two-stage pilot-scale water leach process for its flagship vanadium project.

Completing this step forms part of the company's bid to design, build and operate a lower cost primary vanadium operation, with the final test work program hoped to conclude final designs, balances and costings.

AVL'S Australian Vanadium Project is in the Murchison Province approximately 43 kilometres south of Meekatharra in Western Australia and includes a processing plant near Geraldton.

According AVL, the pilot achieved 88 to 90 per cent vanadium leach extraction, with leach extraction from the second stage anticipated to be greater than 93 per cent.

Broadly, AVL said the mechanical leach circuit proved to be a viable, cost-effective design.

Australian vanadium's managing director Vincent Algar said representative pilot scale testing was of vital importance in the bankable feasibility study.

"The AVL team’s extensive vanadium specific experience has been a key aspect in the successful development of the processing flowsheet," he said.

"The level of detail supplied by AVL’s testwork becomes critical to institutional investors, finance institutions and quality off-take partners which have the highest standards when scrutinising new projects for final investment."

Australian Vanadium shares were up 5 per cent to trade at 2.1 cents at 12:23 pm AEST.

AVL by the numbers
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