Australian Vanadium Ltd (ASX:AVL) is working with Bryah Resources Ltd (ASX:BYH) (in which it has a 4.9% shareholding) on detailed studies examining the recovery of nickel, copper and cobalt from the tails stream of the Australian Vanadium Project.
The two companies are intrinsically intertwined, as the completion of AVL’s bankable feasibility study (BFS) will enable Bryah to rapidly progress its copper and nickel project at Gabanintha.
AVL was awarded a $49 million Australian Government Modern Manufacturing Initiative (MMI) grant to develop the collaborative Australian Vanadium Project in mid-west WA — it’s working with Byrah on base metals extraction and ATCO (TSX:ACO.X) for green hydrogen.
Bryah and AVL are teaming up to maximise the use of the mineral resources at the project by concentrating nickel, copper and cobalt from the waste tails stream in a sulphide concentrate.
Commenting on the progress, Bryah CEO Ashley Jones said: “With AVL’s BFS now completed, Bryah can utilise the updated BFS resource and reserve and mine schedule to work with AVL on progressing the recovery of the additional, highly sought after battery metals from the tails produced by vanadium concentrate production.
“AVL has done a tremendous job with a very detailed BFS and receiving support from the Australian Government through the $49 million MMI grant.
“The BFS engineering design of the onsite magnetic separation process has area allocated for a base metals’ recovery circuit, which will now be the focus of the Bryah team. As AVL progresses towards vanadium production, Bryah’s base metals project takes another step forward.”
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