HIGHLIGHTS
The Australian Vanadium Project
Vanadium in energy storage
Corporate
Management Comment, CEO, Graham Arvidson
“AVL made great progress during the quarter across the vanadium value chain, focusing efforts on integrating the merged projects. We are pleased to have commenced an optimised feasibility study to maximise the economic benefits from the now unconstrained orebody resulting from the merger. The metallurgical testwork conducted during the period has reinforced our confidence for a long-life, high-grade project in the southern areas of the deposit. The combined project promises to deliver a material increase in value for our shareholders.
“This quarter marked a transformative step toward AVL’s goal of creating an Australian vertically integrated VFB supply chain. We successfully completed the commissioning of our 33MWh vanadium electrolyte manufacturing facility, achieving our first production of vanadium electrolyte. Our team’s commitment to excellence in design, construction and operation of the facility has culminated in the production of battery-ready electrolyte, another significant milestone for AVL. With this achievement, we are positioned to become the leading supplier of locally produced vanadium electrolyte, ready to deliver to the rapidly growing VFB market in Australia.
“Our wholly owned subsidiary, VSUN Energy, continues to deliver on existing VFB projects and is strategically positioned to play a leading role in VFB deployment in Australia. We are witnessing an accelerating adoption of this mature and commercialised technology, which is increasingly recognised as the preferred solution to the rapidly growing long duration energy storage market.”
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