Ann: RC Drilling Commenced Youanmi Vanadium Oxide Project, page-5

This is not a fully researched post - so (as always anyway) DYOR.

We have seen some very high Capex figures from other V mines which have reached Feasibility Study.  That they are proceeding is a sure sign they the people behind them are confident of the market and a sustainable price for V, in its V2O5 form.

VMC's huge advantage is that their ore is a shallow surface layer to 50m and oxidised - not an underground V-Ti Magnetite ore or a V + Magnetite in oil shale type ore.

Met studies already done suggest a simple grade concentrate by crushing and separating out the fines (recent VMC ann) and that the concentrate which is now 0.8% V (or V2O5) can be processed by atmospheric pressure acid heap leach, with acid recovery.

That IMO puts VMC at the top of my V miners analysis, it means low Capex, and also possibly low Opex.

Remember too that the current VRFB style (V2O5 in Sulphuric Acid as electrolyte) is an Australian invention and was patented by UNSW about 30 years ago.  Australian technologists are surely still referred to (The Expert from Afar Syndrome), but Australia has lagged in the commercialisation of the invention.

So take away this - it is now a relatively mature technology, and can be trusted (but there might be minor tweaks, like addition of Bromine) - and Australian Govt should get behind further research and development whilst concurrently supporting the first movers into production and sales.

IMO we should keep up this conversation, not just for our own fiscal gain, but because this is real nation building stuff. Speak about it to your local Federal Member.