Australian Vanadium confirms potential for iron by-product at WA vanadium project
2019-09-11 09:50:13 [Print]
Australian Vanadium stated that the bench-scale testing has confirmed the potential of iron and titanium-rich calcine as a valuable by-product for its namesake vanadium project in Western Australia.
The producer has undertaken initial testwork on the material, which was considered a tailings stream within the project's roast-leach process, as outlined in its pre-feasibility study released last December. It aimed to upgrade the calcine to a higher-grade product (at least 62% iron), which could be sold into the global iron ore market and potentially generate significant additional revenue over the life of the project.
According to the company, the testwork successfully upgraded the calcine iron content from 54% iron to an average of 66% iron. Australian Vanadium's chief operating officer Todd Richardson said the indicative tests support a technical path to upgrade the material to be a valuable by-product.
Work is now underway to physically separate a portion of the titanium, which is expected to further upgrade the calcine material and improve its value, the company reported.
Australian Vanadium said it is also actively negotiating potential offtake deals for both the vanadium and the calcine by-product produced from the project.
The producer has undertaken initial testwork on the material, which was considered a tailings stream within the project's roast-leach process, as outlined in its pre-feasibility study released last December. It aimed to upgrade the calcine to a higher-grade product (at least 62% iron), which could be sold into the global iron ore market and potentially generate significant additional revenue over the life of the project.
According to the company, the testwork successfully upgraded the calcine iron content from 54% iron to an average of 66% iron. Australian Vanadium's chief operating officer Todd Richardson said the indicative tests support a technical path to upgrade the material to be a valuable by-product.
Work is now underway to physically separate a portion of the titanium, which is expected to further upgrade the calcine material and improve its value, the company reported.
Australian Vanadium said it is also actively negotiating potential offtake deals for both the vanadium and the calcine by-product produced from the project.
