Technology Metals Australia has signed a non-binding memorandum of understanding (MoU) with vanadium redox flow battery firm LE System (LES) to investigate ways of extracting materials from a mining site in Western Australia.
The firms aim to apply Japanese company LES’ proprietary processing technology to extract vanadium and other metals from various waste streams at the Gabanintha Vanadium Project (GVP).
The MoU includes the potential to establish a joint venture to investigate the opportunity to jointly produce electrolyte for the VRFB market in Western Australia.
The companies have agreed to investigate the opportunity to sell the high grade, high purity iron-vanadium concentrate produced from the Yarrabubba Iron-Vanadium Project— a satellite project to GVP— to Japanese customers.
This includes providing a reliable source of vanadium for LES’s VRFB electrolyte business.
Technology Metals and LES have worked together on developing this concept, with a number of samples of GVP ore and waste streams sent to LES for initial assessment and confirmation analysis.
This sample assessment and associated R&D will continue under the MoU, with Technology Metals to provide additional samples as requested and subject to availability.