Australian Vanadium Limited, formerly Yellow Rock Resources Limited, is engaged in exploration for vanadium and other resources. Its projects include **anintha Vanadium Project. **anintha is currently one of the highest grade projects being advanced globally with Measured, Indicated and Inferred Resources of 91.4Mt grading 0.82% V2O5. It also contains a discrete high-grade zone of 56.8Mt grading 1.0% V2O5 reported in compliance with the JORC Code 2012 (ASX Announcement 10 November 2015)
This is a revenue + speed to market play. Conservative revenue figures of prospective clients = 22 * 165K = $3M so far. These prospective clients were engaged in the first month of marketing (April 2016), so I imagine there's plenty more revenue to flow through. They are now expanding their sales team to cope with the load.
They are also sitting on a huge JORC resource of Vanadium as indicated above - although, I cannot seem to find any path to processing yet. This is probably a $50M market cap play for me - will reasses at $50M.
They have the following:
* MOU and sales agreement signed with global leader in Vanadium Battery Manufacturer
* MOU signed to collaborate with leading Australian commercial solar installer
* MOU signed to develop electrolyte plant
Market Cap at 12.6M. Haven't seen any company quite as active as AVL on such a low market cap.
