Australian Vanadium (ASX:AVL) has appointed Primero Group and GR Engineering Services to undertake Early Contractor Involvement (ECI) services for the Australian Vanadium Project Crushing, Milling, and Beneficiation (CMB) plant.
The company says the Engineering, Procurement, and Construction (EPC) package and ECI process was endorsed as the best way forward as it allows AVL and ECI contractors the opportunity to build key relationships by collaborating in design development, optimising risk allocation, and preparation of EPC pricing.
Australian Vanadium Managing Director Vincent Algar says: “Appointing Primero and GR Engineering in this ECI role is a key step forward for the project as we progress towards development and construction.
“Appointing Primero and GR Engineering in this ECI role is a key step forward for the project as we progress towards development and construction”
These agreements are indicative of the level of confidence we have in progressing towards execution and will be pivotal in setting the foundations of key partnerships which are essential in ensuring the success of the project.”
Australian Vanadium reports both Primero and GR Engineering are industry leaders in EPC delivery and sees the ECI process as a critical part of being execution ready once a final investment decision is made.
Completion of the ECI is scheduled for the second quarter of 2023, with the final preferred EPC contractor being notified within the same quarter.
The company states the project is one of the most ‘advanced’ vanadium projects being developed globally, based on a ‘high-grade’ vanadium-titanium-iron (V-Ti-Fe) mineral resource located in the Murchison Province around 43km south of Meekatharra in Western Australia.
Open cut mining and a CMB will be located south of Meekatharra and a vanadium pentoxide processing plant will be located near the port city of Geraldton .
Australian Vanadium reports the project will produce a vanadium concentrate at the resource site and complete production of a ‘high-purity’ vanadium for the steel titanium master-alloy and energy storage markets, as well as an iron titanium co-product for export through Geraldton at its planned processing plant.
Australian Vanadium 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 239Mt at 0.73% vanadium pentoxide (V₂O₅), containing a ‘high-grade’ zone of 95.6Mt at 1.07% V2O5 and an Ore Reserve of 30.9Mt at 1.09% V2O5 comprised of a Proved Reserve of 5Mt at 1.11% V2O5 and a Probable Reserve of 20.4Mt at 1.07% V2O5.
Images: Australian Vanadium Ltd
