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Australian Vanadium commences lithium drilling in South Africa

AVL has commenced a 4,500 metre lithium drilling program.
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Blesberg Lithium-Tantalum-Feldspar project

Australian Vanadium (ASX:AVL) has commenced drilling at the Blesberg Lithium-Tantalum-Feldspar project in the Northern Cape Province of South Africa.

The initial program comprises of 4,000 metres reverse circulation drilling and 500 metres of diamond core drilling.

Drilling is intended to allow the company to calculate and report a mineral resource estimate in accordance with the 2012 JORC code.

It will target vertical and strike extensions of exposed lithium-caesium-tantalum pegmatite (LCT) at Blesberg, which lies at the western end of the Northern Cape Pegmatite Belt.

The deposit is one of the largest known economically mineralised and exploited pegmatite deposits in the pegmatite belt.


Background

AVL is advancing the development of its 100%-owned Gabanintha Vanadium project measuring 91.4 million tonnes at 0.82% vanadium.

The company also aims to develop a local production capacity for high-purity vanadium electrolyte, which forms a key component of vanadium redox flow batteries.

AVL is actively marketing vanadium redox flow batteries in Australia through a distribution agreement with world-leading flow battery manufacturer, GILDEMEISTER.

The first vanadium redox flow battery storage system has been sold and installed at a native tree nursery in Busselton, Western Australia.

Recently, AVL conducted a data review of historical drilling at Gabanintha and discovered a number of cobalt assays in 1-metre samples.

Of these 1-metre samples, 1,270 assayed over 200ppm cobalt at an average of 275ppm cobalt and peaking at 0.18% cobalt.


Battery storage opportunities

AVL is currently preparing a response to a call for expressions of interest (EOIs) for 80 megawatts of energy storage capacity in western Victoria.

The 80 megawatt call for EOIs follows the Victorian government’s call for EOIs in early March regarding a 20 megawatt storage capacity.

The Victorian government has also requested tender responses to establish a panel of providers to supply standalone power systems, for which AVL is preparing a response.

Elsewhere, the South Australian government has recently requested EOIs for 100 megawatts of energy storage, for which AVL is preparing a submission.



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