BEIJING (Asian Metal) 11 Oct 19 – On 9 October, Australian-based Technology Metals Australia Limited advised that the Northern Australia Infrastructure Facility (“NAIF”) has completed its strategic assessment of the Gabanintha Vanadium Project (“GVP”) and the GVP has proceeded to the Due Diligence Stage of the NAIF assessment process.
The GVP is a long-life strategic project for northern Australia and includes the construction of a gas pipeline (by a third party), processing plant, power plant, and accommodation infrastructure. The GVP will be the largest single primary vanadium producer in the world producing on average 12,800 Tpa V2O5 with a lowest quartile operating cost.
NAIF is a A$5 billion facility set up as an initiative of the Australian Federal Government to provide loans to support and encourage infrastructure development in northern Australia.
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