Date: Jun 27, 2018
An Australian exploration company, owning one of the most significant vanadium resources currently in the world, has signed an agreement that will see the company unlock enormous potential from the Chinese market.
Australian Vanadium announced this week that it has signed and MOU with Chinese steel and alloy product company Win-Win Development Group.
Win-Win is currently developing a 5,000 tpa vanadium production line, which requires around 7,000-8,000 tpa of 98% V2Os – which is where the MOU with AVL comes into play.
The MOU focuses co-operation in the following areas;
• Finance and investment in the Gabannintha Project
• Offtake and supply of vanadium products (specifically vanadium pentoxide – V2O5) to Win-
Win related production facilities in China
• General collaboration on marketing of vanadium products inside China
