Australian Vanadium Limited (AU:AVL) has released an update.
Australian Vanadium Limited has announced a 39% increase in the high-grade Measured and Indicated Mineral Resource Estimate (MRE) for its combined vanadium project, enhancing the project’s outlook as a Tier-1 high-grade vanadium deposit. This update, which includes a unified orebody with a 107% increase in the Indicated category for certain blocks, is expected to significantly improve the project’s economic potential and early mine life cash flow. The company’s progress, particularly in vanadium production for batteries, aligns with the expected growth in the vanadium flow battery market.
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