- 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
