morning traders 15 / 11, page-5

AVL market update

Highlights: • China marketing strategy with Mastermines underway with conference attendance and roadshow planned for November 2017.
• Bureau Veritas Laboratories appointed to conduct detailed metallurgical test work under the supervision of Wood Group consultants
• Initial financial modelling underway for **anintha project development.
• Final environmental base line surveys completed. Reporting of survey outcomes for flora, fauna, stygofauna and troglofauna anticipated as precursor to EIA process.
• Vanadium demand and price surging in China and globally as steel market pressure and rising interest in energy storage applications increases.