Drilling Update from AVL’s Vanadium Project

Highlights:

  • Metallurgical diamond drilling program for collection of pilot processing test material advancing ahead of schedule
  • Controlled drilling has collected over 17 tonnes of massive magnetite, utilising 1,227m of drilled core and providing significant time and cost savings
  • Nine tonnes of the planned thirty tonnes of sample has arrived in Perth for processing
  • Program is focused on development area in northern 2km of total 11.5km of AVL held deposit strike
  • Drilling confirming detailed geological model, proving depth extension and deposit thickness
  • New data to include resource extension drilling in southern area of PFS pit development area
  • Mineral Resource upgrade to follow the end of drilling, expected April 2019
  • Pilot metallurgical test program to commence in April 2019
  • Other DFS engineering and environmental approvals ongoing
  • Revised Project timeline targeting 2021 production start, subject to finance
Drilling Update from AVL’s Vanadium Project View PDF (1MB)