Australian Vanadium holds and operates three mineral projects located in Western Australia.
The Gabanintha Vanadium Project consists of the Gabanintha high-grade V-Ti-Fe deposit located in the Murchison Province approximately 43kms south of the mining town of Meekatharra in Western Australia. The project consists of eight granted exploration licenses and one exploration license application in the Gabanintha Formation in the north of the Murchison granite-greenstone terrane of the Archaean Yilgarn Craton. The project has a mining licence application pending.
The Nowthanna mining lease ML 51/771 is located 47 km south east of Meekatharra and is accessible from the Great Northern Highway.
The tenement covers a portion of the calcrete Palaeo-channel near the Quinn’s Lake inland drainage. The predominant minerals are developed from extensive weathering and leaching of uranium-bearing domes and nearby Archaean mafic and ultramafic rocks that are high in vanadium. In the late 1990s Acclaim Uranium NL actively explored the Nowthanna area and drill defined a historic resource which was confirmed by Yellow Rock in 2012. The JORC 2004 compliant Indicated Resource on ML 51/771 is 3,059,000t @ 0.437 kg/t U3O8 (see ASX release dated 20 December 2012).
The Coates deposit is situated approximately 35km east of the Perth metropolitan area in the Shire of Wundowie.
Exploration at Coates was undertaken in the 1970s after its discovery in the early 1960s. The mineralisation at Coates was described in the 1978 Geological Survey of WA Mineral Resources Bulletin No. 11.
The historical metallurgical test results indicated that a 58% recovery of vanadium at an approximate grade of 1.4% V2O5, 3% TiO2, 67% Fe grade with 8% SiO2 is achievable from bulk ore assaying 0.54% V2O5, 4.75% TiO2, 25% Fe and 29% SiO2 was achievable.
AVL’s Exploration Licence E70/4924-I was approved during 2017.