Exploration Licence Granted over Coates Vanadium Deposit

AVL adds to its vanadium portfolio in Western Australia

• AVL has received approval of its application for exploration licence E70/4924-I over the Coates Vanadium deposit.
• The Coates Vanadium deposit is situated approximately 35km east of metropolitan Perth in the Shire of Wundowie.
• The unique geology of the Coates deposit shows vanadiferous magnetite developed in the weathering profile of an underlying gabbro in a laterite outcrop on a ridge.
• Previous metallurgical testwork produced favourable results.
• Historical mine planning was also completed although not undertaken