More than mining
“As the global energy transition towards decarbonisation and electrification accelerates, Australian Vanadium Limited (AVL) is in an exciting and unique position to generate significant shareholder value via our exposure across all facets of the vanadium value chain”
The Australian Vanadium Project
A globally significant vanadium resource with strong business fundamentals, a long mine life and downstream manufacturing opportunities in the battery sector.
AVL respects and acknowledges the past, present and future Traditional Custodians and Elders of the lands on which we operate. We recognise the continuation of cultural, spiritual and educational practices of First Nations people and commit to working together to build a brighter future for all.
In recognition of its strategic importance as a critical mineral and battery mineral project, the Australian Vanadium Project has been awarded:
- Lead Agency Status (Western Australian Government)
- $49M Australian Government grant under the Modern Manufacturing Initiative Collaboration Stream
Australian Vanadium Ltd's mission is to increase shareholder wealth through the development of the Australian Vanadium Project, supply of vanadium electrolyte and building the vanadium flow battery market through subsidiary VSUN Energy.
“The growing penetration of renewable energy generation is reducing the historic reliance on base load coal and gas power generation during daylight hours. However, the intermittent nature of renewables limits the ability to provide continuous clean power to consumers. As renewable power generation continues to increase, the need for grid scale, long duration energy storage will only continue to grow.
Vanadium flow batteries (VFBs) are a proven technology providing energy storage over a 4 to 12+ hour time frame, with minimal degradation in performance over an asset life of more than 30 years. China is already driving a move to VFB energy storage, with over 20GWh of VFB projects approved or under construction. By the end of 2025, VFBs are forecast to account for 15-20% of China’s installed battery storage capacity.
In Australia, the National Battery Strategy that was recently announced by the Federal Government recognises the critical importance of energy storage to Australia’s energy transition. The strategy highlights that over 43GW of energy storage will be required in the Australian grid by 2040 and VFBs can contribute meaningfully to that capacity. The National Battery Strategy also provides access to funding to help accelerate the rollout of battery storage, and AVL is actively pursuing strategies to access that funding.
With a large global and domestic opportunity for long duration energy storage, AVL continues to explore strategies to capture value across the vanadium supply chain.”
- Graham Arvidson, CEOASX Featured Releases
25/10/2022
Vanadium Resource Development Drill Program Completed
Southern block drilling completed to support updated Mineral Resource and classification upgrades for first five years of planned mining at the Australian Vanadium Project. 7,283 metres of Reverse Circulation drilling...17/10/2022
Experienced Project Development and Operations Executive Appointed as CEO
Australian Vanadium team expanded on pathway to production Experienced business leader, vanadium and lithium project development and operations executive Graham Arvidson appointed as Chief Executive Officer. Mr Arvidson has 18...01/09/2022
First Term Sheet for Iron Titanium Coproduct signed with Tianzhu Steel
Conversion of Letter of Intent to Term Sheet for sale of AVL’s FeTi coproduct AVL completes first Term Sheet with end user steel mill for sale of iron titanium (FeTi)...Why invest in Vanadium?
With a role as both a critical metal and a battery metal, vanadium demand continues to grow and has a positive future
Steel: Growing focus on decarbonisation is seeing increased levels of vanadium in steel manufacturing to deliver stronger, lighter steel
Critical Minerals: Vanadium has been classified by a number of economies as a critical mineral, with increasing demand from aerospace industry
Energy Storage: Contribution from intermittent renewable energy supply creating demand for long duration energy storage/ Vanadium Flow Batteries (VFBs) are a proven technology providing energy storage over a 4 to 12+ hour time frame, with minimal degradation in performance over an asset life of more than 30 years.
Vanadium
Fast-facts
- Over 85% of vanadium supply sourced from China, Russia and South Africa.
- Vanadium classified as critical mineral in US, EU, Japan, China & Australia.
- The addition of as little as 0.1% vanadium increases steel strength by up to 100%, whilst reducing the weight of the required steel by up to 30%.
- Vanadium accounts for approximately 50% of the capex of a Vanadium Flow Battery.
Australian Vanadium Ltd is leveraging opportunities within the battery storage market for renewable energy solutions.
Vanadium Batteries >The AVL team brings together experts in geoscience, mining, chemical engineering, marketing and corporate governance, with extensive vanadium experience. Our team is committed to seeing the Australian Vanadium Project through to production.
Meet our team >