AI assistant
AUSTRALIAN VANADIUM LIMITED — Board/Management Information 2017
Jan 31, 2017
64471_rns_2017-01-31_8b9e43b8-d116-44b4-8231-effae2125cd5.pdf
Board/Management Information
Open in viewerOpens in your device viewer
==> picture [594 x 186] intentionally omitted <==
----- Start of picture text ----- Director AppointmentAVL appoints Daniel Harris to the Board of Directors----- End of picture text -----
Australian Vanadium Limited (ASX: AVL, “the Company” or “AVL”) is pleased to announce the appointment of Daniel Harris to its Board of Directors. Daniel brings with him a vast amount of expertise in the vanadium industry and an understanding of the resource sector from both a technical and financial perspective.
Recent roles include the interim CEO and Managing Director at Atlas Iron; Chief Executive & Operating Officer at Atlantic; Vice President & Head of Vanadium Assets at Evraz Group; Managing Director at Vametco Alloys; General Manager of Vanadium Operations at Strategic Minerals Corp and acting as an independent technical and executive consultant to GSA Environmental Limited in the United Kingdom.
Daniel comments, “I have known Vincent Algar for some time and have confidence in AVL’s strategy and the team Vincent and the Board have built up. I appreciate the opportunity to share some of the knowledge I’ve built up around vanadium and its various uses and processing.”
AVL’s Managing Director, Vincent Algar adds, “Daniel’s expertise has already been and will continue to be of great value to AVL. The Board is pleased to have access to Daniel’s knowledge to back up our endeavours to create wealth for our shareholders.”
01.02.2017 ASX ANNOUNCEMENT
Australian Vanadium Limited
ASX: AVL FRA: JT7.F ABN: 90 116 221 740
T: +61 8 9228 3333 F: +61 8 6268 2699 E: [email protected] W: australianvanadium.com.au
Street Address:
129 Edward Street Perth WA 6000
Postal Address:
129 Edward Street Perth WA 6000
Further information
Please visit our website for further information or contact:
Vincent Algar
Projects:
Gabanintha Vanadium Blesberg Lithium, Tantalum
Managing Director,
+61 8 9228 3333
About Australian Vanadium Limited
AVL is a diversified resource company with an integrated strategy with respect to energy storage, seeking to offer investors a unique exposure to all aspects of the vanadium value chain – from resource through to steel and energy storage opportunities as well as other energy storage metals exposure through the acquisition and evaluation of lithium/tantalum projects.
AVL is advancing the development of its 100%-owned, world-class Gabanintha vanadium project. Gabanintha is currently one of the highest-grade vanadium projects being advanced globally with Measured Resource of 7Mt, Indicated Resource of 17.8Mt and Inferred Resources of 66.7Mt, a total of 91.4Mt, grading 0.82% V2O5 and containing a discrete high-grade zone of 56.8Mt, grading 1.0% V2O5 reported in compliance with the JORC Code 2012 (see YRR ASX Announcement 10 November 2015).
AVL has developed a local production capacity for high-purity vanadium electrolyte, which forms a key component of vanadium redox flow batteries (VRB).
==> picture [117 x 209] intentionally omitted <==
==> picture [595 x 23] intentionally omitted <==
----- Start of picture text ----- Page 1 of 2 australianvanadium.com.au----- End of picture text -----
==> picture [595 x 83] intentionally omitted <==
AVL, through its 100%-owned subsidiary VSUN Energy Pty Ltd, is actively marketing VRB in Australia through a distribution agreement with world-leading flow battery manufacturer, GILDEMEISTER Energy Storage GmbH.
As part of its broader energy metals focus, AVL has also commenced a staged acquisition of a controlling 50.03% interest in the Blesberg Lithium-Tantalum Project in South Africa (see ASX Announcement 21 December 2016).
The information relating to the Gabanintha Project 2015 Mineral Resource estimate reported in this announcement is based on information compiled by Mr John Tyrrell. Mr Tyrrell is a Member of The Australian Institute of Mining and Metallurgy (AusIMM) and a full time employee of AMC (AMC Consultants Pty Ltd). Mr Tyrrell has more than 25 years’ experience in the field of Mineral Resource Estimation. He has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and in resource model development to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’.
Mr. Tyrrell consents to the inclusion in the report of the matters based on the information made available to him, in the form and context in which it appears.
The information is extracted from the report entitled “Substantial high-grade vanadium resource highlights Gabanintha’s world-class potential” released to ASX on 10 November 2015 and is available on the company website at www.australianvanadium.com.au. The company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, in the case of estimates of Mineral Resource or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The company confirms that the form and context in which the competent person’s findings are presented has not been materially modified from the original market announcement.
==> picture [595 x 23] intentionally omitted <==
----- Start of picture text ----- Page 2 of 2 australianvanadium.com.au----- End of picture text -----