AVL australian vanadium limited

Ann: High Vanadium Extractions Confirmed in Pellet Leach Pilot, page-2

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    KEY POINTS•Vanadium extraction from roasted pellets averaging 89% demonstratedin first part of two-stage water leachflow sheet currently being piloted.

    •Final pilot phase will validate overall vanadium leach extraction achieved by Bankable Feasibility Study (BFS) flow sheet.

    •Vanadium extraction from the pilot test was consistent with lab scale work and demonstrated significantly better vanadium to impurities dissolution. Overall vanadium leach extraction from the two-stage leach is anticipated to be greater than 93%.

    •Unique AVL mechanical leach circuit shown to be a viable, cost effective design, maximising onshore Australian extraction of high value critical mineral vanadium products.

    •Another highly successful step advancing the Company’s goal to design, build and operate the world’s next and lowest cost primary vanadium operation.

    •Work conducted at ALStesting facilities in Balcatta, Perth–a research partner in AVL’s Australian Government’s Cooperative Research Centre Projects scheme entitled: “Production of 99.95% Pure Vanadium Pentoxide and Vanadium Electrolytes”.Australian Vanadium Limited (ASX: AVL, “the Company” or “AVL” is pleased to advise thehighly successful completion of thefirst stage of a two-stagepilot-scalewater leach process for the Australian Vanadium Project(the Project).

    This is a significant milestone in the final pilot test work program that will allow the Company to conclude its final processing designs, mass balances and detailed costings for the BFS

    CB
 
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