Option Agreement to Locate Vanadium Processing Plant near Geraldton

Opportunity to process vanadium near coastal city gives AVL access to reduced gas costs and iron ore by-product sales opportunities.

Key Points:

  • AVL has signed an Option Agreement for land, to locate its processing plant near to the City of Geraldton in Western Australia
  • Mining and concentrate beneficiation remain located at the Project site near Meekatharra, with significantly reduced water and power requirements at the mine site
  • New location of processing plant will reduce remote site capex at Meekatharra minesite, including removing the need for a gas pipeline to site
  • Magnetite concentrate to be transported to the processing plant site via road
  • An initial Option Study has demonstrated the positive impacts on operating costs from using a site close to the Dampier-Bunbury gas pipeline infrastructure and associated significantly lower domestic WA gas prices
  • Opportunity can significantly improve potential for AVL to be a world lowest cost-quartile vanadium producer
  • Strong Federal, State and Local Government support for the relocation
  • Increased Mid-West region employment opportunities
  • Utilises existing gas, water, road and rail infrastructure
  • Close to Mid-West industry services platform
  • Benefits flow through to the communities of Mullewa and Geraldton
Option Agreement to Locate Vanadium Processing Plant near Geraldton View PDF (959 KB)
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