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Australian Vanadium ( (AU:AVL) ) has shared an update.
Australian Vanadium Limited has extended its option agreement to purchase land for a vanadium processing plant near Geraldton, Western Australia. The extension includes three additional 12-month terms, with a purchase price mechanism based on market valuation. This strategic move follows the approval of the development application by the Western Australian Planning Commission, positioning AVL to advance its vanadium processing capabilities and strengthen its market presence.
The most recent analyst rating on (AU:AVL) stock is a Buy with a A$0.06 price target. To see the full list of analyst forecasts on Australian Vanadium stock, see the AU:AVL Stock Forecast page.
More about Australian Vanadium
Australian Vanadium Limited (ASX: AVL) operates in the mining industry, focusing on the extraction and processing of vanadium. The company is involved in the Australian Vanadium Project, which includes mining vanadium-bearing magnetite ore and processing it into high-quality vanadium products and iron concentrate coproducts.
Average Trading Volume: 5,497,290
Technical Sentiment Signal: Sell
Current Market Cap: A$94.98M
See more insights into AVL stock on TipRanks’ Stock Analysis page.