- Write by:
-
Wednesday, October 21, 2020 - 12:38:50 PM
-
823 Visit
-
Print
Mining News Pro - Australian Vanadium has added one year to an agreement that would see the processing plant for its namesake project based near Geraldton in Western Australia.
The company has confirmed the processing plant’s location is ideal to ensure low-cost operations, with the extension marking the next step towards vanadium production by the company.
“During our 2019 feasibility work we indentified a potentially valuable opportunity in locating our vanadium processing plant near Geraldton,” Australian Vanadium managing director Vincent Algar said.
“This resulted in us searching for and securing a suitable location for our plant west of Mullewa, near Geraldton.
“Over the past year, as is shown in this announcement, we have confirmed that this processing plant location is ideal for the company.
“The extension of our option over the relevant land, for a modest option fee, is a logical step as we more forward with our feasibility work and towards production.”
Australian Vanadium plans to minimise operational costs by overtaking crushing, milling and beneficiation of vanadium bearing magnetite ore at its mine site, located 40 kilometres south of town of Meekatharra, then transporting the resulting concentrate to its processing plant for final refinement.
The company said the location of the plant enabled access to cheaper natural gas and prevented the requirement to build a gas pipeline on site which will also drive down costs.
The company also informed of an opportunity for a significant portion of the mine site to be powered by renewable energy, along with reduced mine site water requirements.
Lower construction and transportation costs are expected to be achieved, with local workers based in Geraldton reducing the mine site’s camp.
The Australian Vanadium project is one of the highest grade vanadium projects worldwide, with a proved resource of 9.82 million tonnes at 1.07 per cent vanadium pentoxide and probable reserve of 8.42 million tonnes at 1.01 per cent vanadium pentoxide.
Short Link:
https://www.miningnews.ir/En/News/606421
A prefeasibility study for Predictive Discovery’s (ASX: PDI) Bankan gold project in Guinea gives it a net present value ...
Iron ore futures prices drifted higher on Thursday as the latest soft data from top consumer China triggered renewed ...
Rio Tinto said on Wednesday it is teaming up with a global venture studio and start-up investor to back the development ...
Outflows from global physically backed gold exchange traded funds (ETFs) continued for a 10th month in March, but at a ...
Australia’s Fortescue said on Monday it would form a joint venture with OCP Group to supply green hydrogen, ammonia and ...
BMO Bank quietly dropped its policy restricting lending to the coal industry in late 2023, helping it avoid being ...
Australian space exploration company Fleet Space Technologies has successfully deployed its next-generation Centauri-6 ...
Mining News Pro - The ceremony of commemorating the tree planting day and the beginning of the afforestation project and ...
Mining News Pro - The DRI manager of Hormozgan Steel Company's said: According to the plans made in line with the ...
No comments have been posted yet ...