Australian Vanadium Limited (ASX: AVL) is an emerging vanadium producer developing the high-grade Australian Vanadium Project deposit in Western Australia. AVL has a strong technical team containing expertise in vanadium production. The Company released its Pre-feasibility Study and Maiden Ore Reserve in 2018 and is currently undertaking a Pilot Study and Definitive Feasibility Study. AVL’s vanadium project is based on an industry-standard open pit mine; crushing, milling and beneficiation plant (CMB) and refining plant for final conversion and sale of high quality vanadium pentoxide (V2O5) for use in steel, specialty alloys and energy storage markets.IIR Research Report in November 2016
Vincent Algar, Managing Director
Vincent Algar is a geologist by profession with over 25 years’ experience in the mining industry spanning underground and open cut mining operations, greenfields exploration, project development and mining services in Western Australia and Southern Africa. He has significant experience in the management of publicly listed companies, which includes the entire compliance, marketing and management process. As Managing Director of Australian Vanadium Ltd he is responsible for driving the company’s Australian Vanadium Project and vertical integration strategy. Vincent is a member of the Australasian Institute of Mining and Metallurgy.
What is your rationale for attending 121 Mining Investment?
AVL is currently seeking funding partners for the Australian Vanadium Project. The Company is also keen to increase the share price for its investors and to build broker relationships.
What recent news would you like to highlight to investors attending?
AVL’s recent announcements include the release of its Pre-feasibility Study and Maiden Ore Reserve; the collection of bulk sample for Pilot Study testwork of its vanadium processing route and its work in the vanadium redox flow battery market through subsidiary VSUN Energy.
What are your key goals for the next 3, 6 and 12 months?
Have funding and partners in place for the development of the Australian Vanadium Project
Progress studies to a point where long lead items can be purchased
EPC contract execution
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Environmental approvals – the company has engaged consultants to assist with this area and is actively marketing the project to appropriate government stakeholders. Native Title – the company has built strong relationships with the traditional owners and has successfully negotiated a Mining Agreement with the same group over a separate project, internal issues with the group and its advisors have caused delays. AVL has engaged an external consultant to help with negotiations. Obtaining financing – AVL is actively working with potential funding partners from around the world and is keen to ensure that it chooses the correct partner to bring this world-class deposit to production.
What do you think makes your company such a compelling investment?
AVL has a combination of a high-grade vanadium project amenable to traditional processing methods, with a team which has extensive expertise in the vanadium market and mining world. A strong understanding of the steel and energy storage markets provides a long-term stability to the project.