(MENAFN- ProactiveInvestors) () is leveraged to the growing vanadium market with drilling poised to begin at its high grade Gabanintha Vanadium Project in Western Australia.
Come and hear about what’s over the horizon for vanadium which has extensive applications including the growing energy storage market.
Chief executive officer Vincent Algar will speak about vanadium and the company’s prospects at Proactive Investor’s upcoming "Melbourne Investor Luncheon” on Tuesday 24th March 2015 and the "Sydney Investor Luncheon" on Wednesday 25th March 2015.
REGISTER by clicking on the city below for additional details:
Melbourne OR Sydney. Otherwise call (02) 9299 5001(02) 9299 5001 and ask for .
Vanadium Market
The grid-scale energy storage industry is tipped to grow from an estimated $US100 billion by 2020 from US$2.8 billion.
Vanadium Redox Batteries could capture 30% of this market due to their advantages including scalability; lifespan of 20 years; immediate energy release; and excellent charge retention.
This would have a significant effect on the Vanadium (V2O5) market as the use of V2O5 electrolyte is a large component (50% of current cost) of the battery units.
Gabanintha Vanadium Project
is on the road to re-commence drilling at the Gabanintha Vanadium Project in March which will in turn lead to an upgraded JORC resource.
This consists of 5000 metres of reverse circulation and 900 metres of diamond drilling that will provide an increased level of detail on a two kilometre section – about 16% of the current strike length.
Drilling will also provide samples for metallurgical testing and allow open pit optimisation studies and ore characterisation to begin.
The company has also applied for a Mining Lease over the deposit.
Gabanintha is one of the highest grade V2O5 deposits in the world with a JORC Indicated and Inferred Resource of 125.8 milllion tonnes at 0.7% V2O5 8.64% TiO2 and 32.60% iron.
It includes a separate high-grade Indicated and Inferred Resource of 60.4Mt at 0.98% V2O5 11.40% TiO2 and 42.15% iron.
Share price catalysts ahead are:
- Drilling and results from the current program;
- Upgrade JORC Resources at Gabanintha;
- Increase geological definition of the resources including understanding of the oxide transitional and fresh zones at Gabanintha;
- Progress on the Mining Lease application; and
- Engaging with key players in the rapidly developing Vanadium Redox Battery Market.
Proactive Investors Australia is the market leader in producing news articles and research reports on ASX emerging companies with distribution in Australia UK North America and Hong Kong / China.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.