Australian Vanadium Inks Option Agreement To Locate Vanadium Processing Plant Near Geraldton

BEIJING (Asian Metal) 30 Oct 19 – On October 29, Australian Vanadium Limited announced that it has signed an option agreement over a potential site inland from Geraldton, which has been identified as a possible location for its vanadium processing plant.

Australian Vanadium’s pre-feasibility study (“PFS”) included a series of trade-off studies, one of which highlighted the potential to locate the processing plant for the Australian Vanadium Project closer to the existing gas infrastructure, to take advantage of reduced energy costs. In total, 11 alternate locations were considered, including coastal WA and locations between Meekatharra and Geraldton. The final site selection process has narrowed the preferred location to land which is inland from Geraldton and west of Mullewa, to take full advantage of the available workforce, industry support and existing road, rail, water and gas infrastructure.

The trade–off study demonstrated that the Geraldton plant location could improve the financial metrics of the Project. Australian Vanadium has commenced a detailed engineering study for the processing plant relocation, which will define the associated costs related to the move. Trade-offs between operating expenses, logistics and transport costs, plant capex and associated infrastructure costs will inform the final decision to relocate.