Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-9

https://www.australianmining.com.au/wa-an-emerging-vanadium-player/

Vanadium batteries offer a high capacity for energy storage and a long cycle life, having the ability to be charged and discharged repeatedly with minimal degradation over the long battery life.

Building the new $150 million vanadium battery is set to support the emerging vanadium market, where demand is expected to soar to 773.10 kilotons (kt) by 2050 under a net-zero emissions by 2050 scenario,accordingto the International Energy Agency.

The Association of Mining and Exploration Companies (AMEC) welcomed the WA Government’s announcement, with the entity having worked with its vanadium members and State Government over the past three years to find ways to support the industry.

“The project will create some 150 jobs, and a vanadium flow battery of this size provides a nice entry level to adding more batteries to WA’s energy mix,” AMEC director – Western Australia, Northern Territory and Commonwealth policy Neil van Drunensaid.