AVL australian vanadium limited

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Australian Vanadium 'stepping in to project completion stage'...

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Akita1

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12/02/21

02:08

Post #: 50916862
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Originally posted by Chaser01 ↑

Looks like another positive step by the AVL team towards finance / construction / production.

Cliff Lawrenson was appointed to the AVL Board just prior to years end in October 2020 as Director and Chairman.

Among his track record and previous achievements, some key points of interest :

Senior Executive and Vice President of CMS Energy in USA and Singapore for 7 years
Current market cap of CMS Energy is $16.28 Billion.

Chief Executive of FerrAus where he led a takeover by Atlas Iron ($240 million takeover)

MD at when Atlas iron was subsequently been taken over by Hancock Prospecting ($390 million takeover)

Led Avenira (Minemakers) to its acquisition by Hancock Prospecting

Mr Lawrenson has served on several boards in international locations where he has led the development and
financing of numerous major infrastructure projects.

“Cliff brings a new level of expertise to AVL and the breadth of his contacts, reputation and experience will assist
the Company in working through the final stages of bringing the Australian Vanadium Project into production” - Vincent Algar AVL MD.

Cliff Lawrenson commented, “I am pleased to be joining the AVL Board and team at this time.
Vanadium is a particularly appealing strategic commodity, with several increasingly relevant applications.
AVL has an excellent mineral resource and a team with the necessary technical rigour to move forward.
The Australian Vanadium Project is at an exciting time in its journey to production and I am looking forward to
supporting the hardworking staff in developing the Project and the Australian Vanadium market.”

Pre Feasibility Study (PFS) has been recently updated with the latest technical and financial revisions,
reflective of the current global Vanadium market situation.

Bankable Feasibility Study (BFS) due this year, with Mr Lawrenson now brought on board

Not forgetting AVL also have Daniel Harris as Technical Director and Todd Richardson as Chief Operating Officer

Some attachments below for reference

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Australian Vanadium 'stepping in to project completion stage' with new chairman

AVL Price at posting: 2.5¢ Sentiment: Buy Disclosure: Held
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