Australian Vanadium signs third LOI for iron titanium co-product with international steelmaker
2022-04-21 12:00:49 [Print]
Australian Vanadium Ltd has inked its third letter of intent (LOI) with a steelmaking company Rizhao Steel Holding Group Co. to offtake iron titanium co-product from its namesake vanadium project in WA. Rizhao Steel Holding Group Co. plans to use the iron titanium co-product for its blast furnace application.
Australian Vanadium aims to produce around 900,000 tonnes of iron titanium co-product from the Australian Vanadium Project every year, along with about 11,200 tonnes of vanadium pentoxide per annum from its proposed mine and processing facility in WA's Mid West.
The parties intend to finalise the ore sale contract in 2022, at a yearly tonnage that's yet to be determined.
Australian Vanadium aims to produce around 900,000 tonnes of iron titanium co-product from the Australian Vanadium Project every year, along with about 11,200 tonnes of vanadium pentoxide per annum from its proposed mine and processing facility in WA's Mid West.
The parties intend to finalise the ore sale contract in 2022, at a yearly tonnage that's yet to be determined.
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