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10/12/2019

New Drilling Starts at The Australian Vanadium Project

AVL targeting significant mine life extensions with new programmes of resource infill drilling.

Key Points:

  • A new 2000m RC infill drilling programme has started at The Australian Vanadium Projectto further define and add value to the high-grade vanadium magnetite zone by:
    • Focusing on shallow infill drilling over southern portion of the Inferred Resource base;
    • Low cost conversion of current Inferred Resources to Indicated Resources;
    • Providing opportunity and flexibility for DFS scheduling; and
    • Potential to significantly increase current 17-year planned life or scale of the Project.
  • Mineral Resource update underway to incorporate results from earlier 2018 and 2019 drillprogrammes.
  • Drilling is complementary to existing Feasibility Study and approval activities.
  • Increasing project life identified as a key factor in offtake and funding discussions.
New Drilling Starts at The Australian Vanadium Project View PDF (2 MB)
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