AVL 0.00% 1.6¢ australian vanadium limited

It's Tenindewa.People can tilt at windmills as much as they like...

  1. 853 Posts.
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    It's Tenindewa.

    People can tilt at windmills as much as they like - but it will be Tenindewa for AVL+

    GA3044846 - all the details are in the grant.

    I knew about his for a bit, but needed permission to post this info - I now have it.

    The grant - $53,900,000 (not including the $3.45m for Wangara) is released in tranches as conditions are met.

    One of the conditions is that, in collaboration with Bryah, AVL+ will build an open cut mine and a crushing, milling and benefication plant at **inintha and a processing plant at Tenindewa.

    The grant was awarded under the Modern Manufacturing Initiative.

    These are not negotiable conditions, these ARE the conditions.

    AVL+ are on board
    RCF are onboard.
    The Market will hopefully be onboard as well very shortly.


    There are 3 further payments due - $45,000,000 all up.

    The final stage of the Tenindewa application should be fast-tracked as the new legislation comes in on March 1st stating that all projects over $20,000,000 have to approved / rejected in 120 days maximum.

    Water and haulage permits are already done.

    Road access permitting is done.

    Gas supply is awaiting a contractual signing - then done.

    Agreements have been signed with all relevant local authorities regarding transportation etc etc.

    Tenindewa it is.
 
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