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

  • 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
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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