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Australia
Australian Vanadium Project

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 Location:
40 km SE from Meekatharra, Western Australia, Australia

  Project Contacts:
Level 2, 50 Kings Park Road
West Perth
Western Australia, Australia
6005
Phone  ...  Subscription required
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WebsiteWeb
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Overview

StagePermitting
Mine TypeOpen Pit
Commodities
  • Vanadium
  • Ferrotitanium
  • Titanium
Mining Method
  • Truck & Shovel / Loader
Mine Life25 years (as of Jan 1, 2022)
The Australian Vanadium Project is among the highest-grade vanadium projects in the world.
Latest NewsAustralian Vanadium engages Primero and GR Engineering for early process plant work     December 6, 2022


Owners

Source: p. 3
CompanyInterestOwnership
Australian Vanadium Ltd. 100 % Indirect
The Australian Vanadium Project is held 100% by Australian Vanadium Limited, an Australian listed company.

Contractors

Subscription required - Subscription is required.


Deposit Type

  • Intrusion related


Summary:

The planned minesite at the Australian Vanadium Project lies within the Gabanintha and Porlell Archaean greenstone sequence orientated approximately northwest-southeast, adjacent to the Meekatharra greenstone belt in the Murchison Province.

The geology of the Gabanintha formation is a layered greenstone sequence of ultramafics, gabbros and dolerites/amphibolites, felsic tuffs, basalts and banded iron and cherts. The sequence above is from stratigraphic low to high. Regional granitoid batholith intrusions surround the greenstone rocks.

The deposit is comparable to the Windimurra vanadium deposit and the Barrambie vanadium titanium deposit located 140 km south and 80 km southeast of Gabanintha respectively. The mineral deposit consists of a basal massive high-grade vanadium bearing magnetite zone (10 to 15 m in true thickness), overlain by up to five low-grade magnetite banded gabbro units between 5 and 30 m thick separated by thin (<0.3% V2O5) waste gabbro zones. The sequence is overlain in places by a lateritic domain, a transported domain (occasionally mineralised) and a thin barren surface cover domain.

The north-northwest striking deposit is affected by a number of regional scale faults which offset the entire deposit, breaking the deposit into a series of kilometre scale blocks. The larger blocks show relatively little signs of internal deformation, with strong consistency in the layering being visible in drilling and over long distances b ........


Mining Methods

  • Truck & Shovel / Loader


Summary:

The mining method selected is a conventional open pit truck and shovel approach. It is assumed that all material to be mined will require blasting to some degree, with reduced powder factors used for the weathered zones. Ore and surrounding waste are assumed to be blasted on 5 metre bench heights and mined in 2.5 metre high flitches using a backhoe excavator. Bulk waste will be blasted at 10m heights. Pit ramps are designed at a 10% gradient and 31 m wide, except for lower pit levels where the ramp reduces to 16 m wide. This will be adequate for haul trucks of up to a 150 tonne payload to be utilised.

Mining at the Project will be from a series of open pits that extends for 7,250m along strike, consisting of a large pit in the north with a length of approximately 3,000m, and then two smaller pits to the south of approximately 1,300m in length. There are two mining areas that have been defined by Inferred material and therefore do not form part of the Ore Reserve but are included at the end of the mine plan. This comprises a pushback to the southern Reserve pit and a small standalone pit between the central and southern Reserve pits. A small amount of Indicated material (<200kt) within the “Inferred” pits has been classified as Inferred material for the purposes of reporting.

The mining sequence is primarily driven by the requirement to maintain a consistent blend of weathered and fresh ore types to the processing plant. Mining commences in the southern ........


Crushing and Grinding
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Processing

Flow Sheet: Subscription required

Summary:

- subscription is required.


Projected Production:

CommodityProductUnitsAvg. AnnualLOM
V2O5 Flake kt 11281
Ferrotitanium Concentrate kt  ......  Subscription required

Operational Metrics:

Metrics
Stripping / waste ratio  ......  Subscription required
Waste tonnes, LOM  ......  Subscription required
Ore tonnes mined, LOM  ......  Subscription required
Total tonnes mined, LOM  ......  Subscription required
Annual production capacity  ......  Subscription required
Annual processing capacity  ......  Subscription required
* According to 2022 study.
Subscription required - Subscription is required.

Reserves at April 6, 2022:
A nominal 0.4% V2O5 wireframed cut off for low grade and a nominal 0.7% V2O5 wireframed cut off for high grade has been used to report the Mineral Resource at the Australian Vanadium Project.

CategoryTonnage CommodityGradeContained Metal
Proven & Probable 30.9 Mt V2O5 1.09 %
Proven & Probable 30.9 Mt Fe2O3 62.8 %
Proven & Probable 30.9 Mt Titanium dioxide 12.4 %
Total Resource 239 Mt V2O5 0.73 % 1,741,800 t
Total Resource 239 Mt Iron 33.1 %
Total Resource 239 Mt Titanium dioxide 8.9 %

Commodity Production Costs:

CommodityUnitsAverage
C1 cash costs (sold) V2O5 USD  ......  Subscription required *†
C3 fully allocated costs V2O5 USD  ......  Subscription required *†
Assumed price Ferrotitanium USD  ......  Subscription required&nbs
Assumed price V2O5 USD  ......  Subscription required&nbs
* According to 2022 study / presentation.
† Net of By-Product.
Subscription required - Subscription is required.

Operating Costs:

Units2022
OP mining costs ($/t mined) AUD 3.99 *
* According to 2022 study.

2022 Study Costs and Valuation Metrics :

MetricsUnitsLOM Total
Initial CapEx $M USD  ......  Subscription required
EBITDA (LOM) $M USD  ......  Subscription required
Net Income (LOM) $M USD  ......  Subscription required
Pre-tax NPV @ 7.5% $M USD  ......  Subscription required
After-tax NPV @ 7.5% $M USD  ......  Subscription required
Pre-tax IRR, %  ......  Subscription required
Pre-tax payback period, years  ......  Subscription required
Subscription required - Subscription is required.

Water Supply

The processing plant will require a low salinity water resource for processing the concentrate. It is estimated that 1.2 Gl/year (i.e., 38.0 l/s) of brackish groundwater will be required to produce 0.8 Gl of low salinity water via a reverse osmosis plant.


Proposed Heavy Mobile Equipment as of April 6, 2022:
HME TypeSizeQuantityLeased or
Contractor
Excavator ....................... Subscription required Leased
....................... Subscription required ....................... Subscription required Leased
Subscription required - Subscription is required.

Mine Management:

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Jan 13, 2023
....................... Subscription required ....................... Subscription required Subscription required Jan 13, 2023
....................... Subscription required ....................... Subscription required Subscription required Apr 6, 2022
....................... Subscription required ....................... Subscription required Subscription required Jan 13, 2023
Subscription required - Subscription is required.

Staff:

Total WorkforceYear
Subscription required 2020

Corporate Filings & Presentations:

DocumentYear
Corporate Presentation 2022
Corporate Presentation 2022
Feasibility Study Report 2022
................................... Subscription required 2020
................................... Subscription required 2020
................................... Subscription required 2019
Project Description 2018
Subscription required - Subscription is required.

News:

NewsDate
Australian Vanadium engages Primero and GR Engineering for early process plant work December 6, 2022

Subscription required - Subscription is required.

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