The Australian Vanadium Project is one of the largest and highest-grade vanadium deposits being developed globally and the Company aims to be the largest Australian vanadium developer, with a world-class, long life asset of scale, located in the Tier-1 mining jurisdiction of Western Australia. In early 2024, a merger was completed with Technology Metals Australia Limited which consolidated the 18km orebody to enable a single integrated project with enhanced operational efficiencies. In May 2024, an updated Mineral Resource Estimate (MRE) was released, determining the combined global vanadium MRE as 395.4Mt at 0.77% V₂O₅, of which the high-grade domain is 173.2Mt at 1.09% V₂O₅, including 105.4Mt at 1.12% V₂O₅ classified as Measured or Indicated.
Located in the Murchison Province approximately 43km south of the mining town of Meekatharra in Western Australia, the Australian Vanadium Project is serviced by quality roads and infrastructure and enjoys easy access to the regional airport and proximity to the Port of Geraldton.
The Company is currently undertaking an Optimised Feasibility Study (OFS) focused on realising the potential economic benefits of the integrated project, which will be informed by preceding trade-off studies to determine the preferred project development pathway, mine scheduling and processing plant location. The aim of the OFS is to improve on previous economic and technical metrics.
Major projects with an expenditure of $500 million or more are subject to the Australian Jobs Act 2013. Information about AVL’s Australian Industry Participation Plan can be found here: https://www.australianvanadium.com.au/aip-australian-vanadium-project/
The Australian Vanadium Project
A globally significant vanadium resource with strong business fundamentals, a long mine life and downstream manufacturing opportunities in the battery sector.
AVL respects and acknowledges the past, present and future Traditional Custodians and Elders of the lands on which we operate. We recognise the continuation of cultural, spiritual and educational practices of First Nations people and commit to working together to build a brighter future for all.
Australian Vanadium Ltd’s mission is to increase shareholder wealth through the development of the Australian Vanadium Project, supply of vanadium electrolyte and building the vanadium flow battery market through subsidiary VSUN Energy.
“There are currently three primary vanadium producers in the world. AVL intends to be the fourth, just as vanadium use in batteries has moved from 1% of the market two years ago, to over 10% of the market today.
We are already seeing signs of the vanadium market disconnecting from the traditional steel-dominated supply-demand dynamic and evolving to a ‘new normal’ structural change driven by rapidly growing battery and critical metals demand.
With over 80% of the global vanadium supply coming from Russia, China, and South Africa, we also see a strong desire from our future customers for jurisdictional supply chain diversification. Positioned in the heart of battery metals country in Western Australia, the Australian Vanadium Project is strategically positioned to provide an ethically sourced and scalable supply of vanadium to global steel, battery, and critical metals markets.
AVL’s Project is the most advanced primary vanadium development project globally, with a world-class feasibility study and extensive pilot plant testwork which ratifies our position to produce some of the world’s highest purity vanadium at a first quartile operating cost. With a project that is economic even in a traditional steel dominated market, a 25-year mine life, robust economics, scalable production optionality, and the best vanadium minds in the world on our team, we are truly excited about what the future holds for AVL, our shareholders, and our stakeholders.”
– Graham Arvidson, CEO
