Australian Vanadium Limited (AU:AVL) has released an update.
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Australian Vanadium Limited (AVL) has completed the first phase of the Optimised Feasibility Study for its vanadium project, revealing a 39% increase in high-grade mineral resources and establishing Tenindewa as the site for its processing plant. The company is now focusing on the project’s detailed mining plan, infrastructure optimization, and commercialization of vanadium flow battery energy storage solutions through its subsidiary, VSUN Energy. Additionally, AVL received a $14.7 million progress payment from an Australian Government grant, contributing to a strong cash position of $36.4 million as of June 30, 2024.
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