October 2, 2023


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Horizon Energy To Buy VFB For Lengthy Length Power Storage Pilot

9 min read

Vanadium would not get fairly as a lot consideration as different vital and battery metals, nevertheless it ought to.

Immune to breakdown from each acid and salt, it provides appreciable energy, warmth resistance and toughness to metal when alloyed. Unsurprisingly, these traits have made vanadium a vital mineral for protection purposes, notably as vanadium want solely be current in small quantities to impart its advantages. For the previous twenty years, demand for the metallic within the metal sector has steadily elevated. With the latest push for clear vitality and net-zero emissions, that demand is ready to rise exponentially.

Australian Vanadium (ASX:AVL, FRA:JT71, OTC:ATVVF), which holds one of the superior high-grade vanadium deposits on the planet, has positioned important concentrate on growing its Australian Vanadium Undertaking, a high-grade vanadium, titanium and iron useful resource located roughly 43 kilometers south of the mining city of Meekatharra in Western Australia.

Australian Vanadium

Vanadium’s potential goes effectively past development metal. The metallic can be used extensively in a number of industries, together with aerospace, protection and as a chemical catalyst. What’s most notable, nonetheless, is vanadium’s standing as a battery metallic, particularly one suited to long-term, large-scale vitality storage.

Certainly not a brand new expertise, the vanadium redox flow battery (VRFB) was first invented in 1984 on the College of New South Wales in Australia. Early VRFBs needed to be the scale of roughly one to 2 basketball courts to adequately carry out, however the expertise has been refined over time since and as we speak’s VRFBs are solely a 3rd of the scale of their colossal predecessors, with a considerably larger vitality capability.

As companies and governments search battery storage for large-scale use instances, demand is predicted to extend additional, with the VRFB market accounting for greater than ten p.c of all vanadium manufacturing by the top of 2023. Demand for vanadium is predicted to double by 2032, with 90 p.c of this demand pushed by VRFBs.

VSUN Energy

Australian Vanadium can be working to domesticate Australia’s burgeoning VRFB market, via its wholly owned subsidiary VSUN Energy. VSUN Power’s present initiatives embrace the set up of a VRFB to energy an industrial chlorinator, as a standalone energy system for a bore pump at a serious nickel venture, and to energy the techniques at an orchard in Victoria. VSUN Power can be consulting with a number of main mining shoppers.

The most important element of a VRFB is vanadium electrolyte. This resolution of vanadium blended with acid and water will likely be manufactured by AVL at a facility being constructed within the Perth area.

Each VSUN Power and the AVL are a part of Australian Vanadium’s vertically built-in technique, via which it intends to assist each stage of VRFB manufacturing. It will, the corporate maintains, give it the power to not solely produce the world’s highest-quality vanadium, but in addition tailor that vanadium to its clients’ wants.

AVL Project

Positioned in Western Australia’s Murchison Province, the Australian Vanadium Undertaking (AVL) consists of 15 tenements overlaying roughly 200 sq. kilometers. Upon completion, the venture will encompass an open lower mine and a processing plant close to the port metropolis of Geraldton. Australian Vanadium can be establishing an electrolyte manufacturing facility which is slated to start manufacturing within the latter a part of 2023.

Located in Perth, the 33MWh every year plant will leverage confirmed expertise sourced from US Vanadium LLC. Australian Vanadium has accomplished an in depth design schematic and ordered lengthy lead gear for the plant.

As one of many world’s most superior in-development vanadium initiatives, the AVL Undertaking has nationwide strategic significance to Australia’s vital mineral provide chains. To that finish, the venture has been acknowledged by each the Australian federal authorities and the Western Australian authorities, receiving a number of grants for a mixed complete of roughly $49 million.

Why Vanadium and why AVL?

The AVL deposit consists of a basal large magnetite zone overlaid by 5 lower-grade mineralized magnetite-banded gabbro items, every of which is between 5 and 30 meters thick. Vanadium mineralization might be present in each the huge magnetite horizon and the lower-grade gabbro horizons. The deposit is additional divided into kilometer-scale blocks by a sequence of regional scale faults; the blocks present little signal of inside deformation and robust consistency in layering.

In late April 2023, Australian Vanadium’s processing plant was approved by the city of Greater Geraldton, pushing the crushing, milling and beneficiation plant one step nearer to commencing development. As soon as accomplished, the plant together with the mine will present high-purity vanadium oxide and an iron-titanium co-product.

Undertaking Highlights:

  • Authorities-recognized: In recognition of its nationwide significance, the AVL Undertaking was awarded Federal Main Undertaking Standing by the Australian authorities in September 2019. It was additionally awarded State Lead Company Standing by the Western Australian Authorities in April 2020.
  • Promising Feasibility Examine Outcomes: In keeping with a bankable feasibility examine launched on April 6, 2022, the venture contains 239 million tons (Mt) at 0.73 percent vanadium pentoxide (V2O5) consisting of:
    • measured mineral useful resource of 11.3 Mt at 1.14 p.c V2O5
    • indicated mineral useful resource of 82.4 Mt at 0.70 p.c V2O5
    • inferred mineral useful resource of 145.3 Mt at 0.71 p.c V2O5
  • Excessive-grade Magnetite: Australian Vanadium’s preliminary evaluation of the venture additionally signifies the presence of a definite large magnetite high-grade zone of 95.6 Mt at 1.07 p.c V2O5.
  • Different Minerals: Along with vanadium, the AVL venture additionally accommodates estimated cobalt, nickel and copper assets.
  • Broad Focus: Slightly than solely concentrating on the battery market, Australian Vanadium intends to serve all sectors that require the vital metallic. This consists of the metal, titanium master-alloy, aerospace and specialty chemical compounds markets.
  • Sustainable Manufacturing: Australian Vanadium intends to function its mine ethically and with a low-carbon footprint via using photo voltaic and wind era together with electrical or green-hydrogen-fueled automobiles.
  • Longevity and Scalability: As soon as operational, the mine may have an estimated lifespan of greater than 25 years, whereas the configuration of the processing facility will permit the corporate to shortly scale manufacturing as obligatory.

Administration Workforce

Cliff Lawrenson – Non-executive Chair

Cliff Lawrenson has greater than 10 years of expertise as a non-executive chair and non-executive director in each private and non-private corporations. He’s presently non-executive chair of Paladin Power Ltd (ASX:PDN) and Caspin Sources (ASX:CPN) and non-executive chair of privately owned Pacific Power Restricted and Onsite Rental Group.

Lawrenson was managing director of Atlas Iron Ltd from 2017 and led the corporate to its acquisition by Hancock Prospecting Pty Ltd. Previous to Atlas Iron, Lawrenson served as managing director of a variety of ASX-listed corporations within the mining and mining companies sectors. Lawrenson was additionally a senior government of CMS Power Company in the USA of America and Singapore, preceded by an funding banking profession.

Graham Arvidson – Chief Govt Officer

Graham Arvidson has 18 years of expertise within the minerals sector spanning feasibility, analysis, profitable growth and operation of mineral belongings globally and throughout a broad vary of commodities together with deep expertise in vanadium, lithium, nickel and different future-focused battery metals.

Arvidson has confirmed venture growth experience, a deep Western Australian venture growth community particular to mining, industrial acumen borne of managing contracts from each the consumer and contractor facet and intensive venture administration expertise in tendering, negotiation, conforming and managing O&M, EPC, EPCM, EPC-O and BOO types of venture supply.

Todd Richardson – Chief Working Officer

Todd Richardson BSc ChE MBA is an skilled in vanadium course of design, commissioning and operations with over 20 years’ expertise in vanadium. He has an intensive background in operations administration and technical companies each within the USA and Australia in all phases of plant operation – course of design via commissioning, ramp up and operation. Richardson leads the event of AVL’s world-class vanadium venture.

Tom Plant – Chief Monetary Officer

Tom Plant is a seasoned chartered accountant and finance government with virtually 30 years of expertise in numerous company and industrial roles. He has a powerful background in debt and fairness funding options, funding analysis and company transactions. Plant lately served as interim CFO at Leo Lithium, which developed the Goulamina Lithium Undertaking in Mali. Previous to that, he was the CFO at Firefinch and spent 10 years at world mineral sands and uncommon earths producer Iluka Sources. He held numerous positions in funding banking {and professional} companies with Macquarie Group, Dresdner Kleinwort Wasserstein and Arthur Andersen.

Daniel Harris – Technical Director

Daniel Harris is a vanadium trade veteran and has an understanding of the useful resource sector from each a technical and monetary perspective. He’s presently non-executive director of US Vanadium LLC, Queensland Power & Minerals (ASX:QEM) and Flinders Mines (ASX:FMS). He’s an advisory board member and vanadium marketing consultant for Blackrock Metals.

Earlier roles embrace interim CEO and managing director at Atlas Iron; chief government & working officer at Atlantic; vice-president and head of vanadium belongings at Evraz Group; managing director at Vametco Alloys; normal supervisor of vanadium operations at Strategic Minerals Corp and performing as an impartial technical and government marketing consultant to GSA Environmental Restricted in the UK.

Miriam Stanborough – Non-executive Director

Miriam Stanborough is a chemical engineer with over 20 years of expertise within the mineral processing trade throughout a spread of commodities. She has held senior roles at Monadelphous, Iluka Sources, Alcoa and WMC Sources. Her ability base spans innovation and expertise, technical growth, manufacturing administration, venture administration, enterprise enchancment and folks and tradition.

Stanborough is presently a non-executive director of Pilbara Minerals Restricted (ASX:PLS), BCI Minerals Restricted (ASX:BCI), chair of the Minerals Analysis Institute of Western Australia (MRIWA), deputy chair of the Northern Agricultural Catchments Council (NACC), and a director of Scouts WA.

Peter Watson – Non-executive Director

Peter Watson is a chemical engineer with 40 years of expertise in senior technical, venture and administration roles along with company expertise operating ASX-listed corporations. He has important board-level expertise, notably relating to security, governance, monetary reporting, danger administration and technique.

Watson is presently a non-executive director of Paladin Power Ltd (ASX:PDN), New Century Sources (ASX:NCZ) and Strandline Sources Restricted (ASX:STA).

Neville Bassett – Firm Secretary

Neville Bassett is a Chartered Accountant working his personal company consulting enterprise, specializing within the space of company, monetary and administration advisory companies. Bassett has been concerned with quite a few public firm listings and capital raisings.

His involvement within the company enviornment has additionally taken in mergers and acquisitions and consists of important information and publicity to the Australian monetary markets.

Bassett has a wealth of expertise in issues pertaining to the Companies Act, ASX itemizing necessities, company taxation and finance. He’s a director or firm secretary of a variety of private and non-private corporations.

Louis Mostert – Chief Authorized and Compliance Officer, Joint Firm Secretary

Louis Mostert has over 20 years of expertise in venture contracting and finance, company advisory, mergers and acquisitions, insurance coverage administration, dispute decision, work well being and security, employment and industrial relations, mental property, company governance and compliance.

Mostert graduated from the College of Western Australia with a Bachelor of Engineering (Hons) and a Bachelor of Legal guidelines (Hons) and has a Diploma of Utilized Company Governance from the Governance Institute of Australia. He’s admitted as a barrister and solicitor of the Supreme Courtroom of Western Australia, a fellow of the Chartered Institute of Secretaries, a fellow of the Governance Institute of Australia and a member of the Institute of Firm Administrators.

Samantha McGahan – VSUN Power Supervisor

Samantha McGahan BEd (Hons) GAICD has over 25 years expertise in a various vary of industries spanning schooling, regulation and expertise. She has led the event of VSUN Power since 2016 and fosters a powerful community in each vanadium and vitality markets. Samantha is skilled in advertising and marketing and leads each AVL and VSUN Power’s social media and advertising and marketing methods.

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