Australian Vanadium project awarded Major Project Status by Federal Government
Australian Vanadium Ltd (ASX:AVL) managing director Vincent Algar updates Proactive on the Federal Government’s recent announcement awarding The Australian Vanadium Project Major Project Status and what that means for the company.
Algar also updated the market on the company’s bench-scale test work on iron and titanium rich calcine that has demonstrated potential for a significant iron by-product.
The test work has determined that the company can upgrade from a lower grade iron concentrate with marginal commercial value to a higher-grade iron product which could be sold into the global iron ore market. This has potential to increase revenue from the project.
Quick facts: Australian Vanadium Ltd
Market Cap: $27.73 m
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