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Australian Vanadium: Receives 21-year mining lease for namesake project

August 31, 2020

Australian Vanadium (AVL) has granted Mining Lease M 51/878 for the Australian Vanadium Project
Then the mining lease granted by the Western Australian Government Department of Mines, Industry Regulation and Safety and lasts 21 years
Australian Vanadium’s namesake project lies 740 kilometres northeast of Perth in Western Australia and covers 760 square kilometres
It is considered one of the highest-grade vanadium projects currently being developed in the world
It has a total JORC 2012 resource of 208.2M tonnes at 0.74 per cent vanadium pentoxide
Then the company is up a steady 18.2 per cent and shares are currently trading for 1.3 cents each