Feasibility study innovations identify multiple high-value pathways for iron co-product
- Bankable Feasibility Study to be based on a vanadium processing plant location east of Geraldton in WA.
- Location offers a unique opportunity to:
o Access cheaper natural gas for processing and limiting the need for new high-risk, high-cost gas pipeline infrastructure;
o Create capability to produce and sell iron co-products;
o Enable other downstream processing opportunities.
- An investigation into calcine sale opportunities has identified multiple potential revenue streams to support AVL’s objective of achieving the world’s lowest-cost vanadium production.
- Funded by a CRC-P research grant, AVL is pursuing further value addition to the iron co-product by:
o Upgrading iron-titanium by-products by further removal of gangue and other techniques;
o Developing a processing solution for separating titanium from the calcine.
- Based on the PFS, the Project is forecast to produce 922,500 tonnes (dry basis) per annum of 54-55% Fe iron co-product over a 17 year mine life.
- Vanadium and titanium are both recognised as critical metals by Australia and its major trading partners.