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3Q project

Study into feasibility of Gabanintha vanadium project

Mon, 01/21/2019 - 00:00 -- Hugh Finzel
Model of Gabanintha Project

Australian Vanadium (AV) will conduct a definitive feasibility study (DFS) for its Gabanintha vanadium project in the Murchison Province of Western Australia.

AV ended 2018 with an option conversion that gave a cash injection of AUD6.2 million (US$4.4m) and a subsequent cash position of AUD9.68m, enabling them to conduct the DFS.

Managing director Vincent Algar said: “Starting 2019 with a healthy cash balance enables us to move swiftly forward with our plans for the Gabanintha project.”

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