Australian Vanadium Limited (ASX: AVL, Company or AVL) is pleased to announce that the City of Greater Geraldton Council (Council) has passed a resolution to support a local planning scheme amendment (Amendment) pursuant to the Planning and Development Act 2005 (WA) for the site of the Company's proposed vanadium processing plant at Tenindewa (Site), located approximately 65km east of Geraldton.
This is one of the final steps in the process of rezoning the Site from 'Rural' to 'Industry' land use. The Council considered various issues raised by stakeholders during the public submission period, which resulted in the Council voting for the Amendment with modifications, all of which are supported by AVL. The Council's resolution will be forwarded to the WA Planning Commission for review. The matter will then be determined by the Minister for Planning, followed by gazettal, completing the rezoning process for the Site. AVL's Chief Executive Officer, Graham Arvidson comments, 'We are grateful for the Council's time and careful assessment of the Amendment. AVL also acknowledges the support of key stakeholders in the area and the issues raised by surrounding landowners during this process. AVL will continue to work closely with interested and affected parties to ensure issues are adequately addressed to deliver a successful and sustainable project.
'The proposed site is expected to provide several long-term benefits to the Mid West region of Western Australia. As noted by the Council, our project was awarded major project status by the Federal Government in 2019 for its national and regional strategic significance. This includes the opportunities for regional economic growth, job creation and broader economic benefits for businesses and the community during construction and production. 'Obtaining support from the Council advances our efforts to finalise approvals of our project and serves as a strong endorsement of the Company's plan to become a fully integrated vanadium flow battery provider, from vanadium products and electrolyte manufacturing to the batteries themselves, all within Western Australia.' The Australian Vanadium Project includes a mine and a crushing, milling and beneficiation plant (or concentrator) located at Gabanintha, near Meekatharra and the downstream vanadium processing plant at the Site at Tenindewa, near Mullewa. AVL also owns and operates a vanadium electrolyte plant in Perth
ABOUT AUSTRALIAN VANADIUM LTD
AVL is a resource company focused on vanadium, seeking to offer investors a unique exposure to all aspects of the vanadium value chain - from resource through to steel and energy storage opportunities. AVL is advancing the development of its world-class Australian Vanadium Project at Gabanintha. The Australian Vanadium Project is one of the most advanced vanadium projects being developed globally, with 395.4Mt at 0.77% vanadium pentoxide (V2O5), containing a high-grade zone of 173.2Mt at 1.09% V2O5, reported in compliance with the JORC Code 2012 (see ASX announcement dated 7 May 2024 '39% Increase in High Grade Measured and Indicated Mineral Resource'). VSUN Energy is AVL's 100% owned renewable energy and energy storage subsidiary which is focused on developing the Australian market for vanadium flow batteries for long duration energy storage. VSUN Energy was set up in 2016 and is widely respected for its VFB expertise. AVL's vertical integration strategy incorporates processing vanadium to high purity, manufacturing vanadium electrolyte and working with VSUN Energy as it develops projects based on renewable energy generation and VFB energy storage.
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