{"id":1137056,"date":"2019-09-08T08:30:03","date_gmt":"2019-09-08T13:30:03","guid":{"rendered":"https:\/\/www.mining.com\/?p=1001365"},"modified":"2019-09-08T08:30:03","modified_gmt":"2019-09-08T13:30:03","slug":"australian-government-sees-potential-in-vanadium","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1137056","title":{"rendered":"Australian government sees potential in vanadium"},"content":{"rendered":"<p>Australia\u2019s federal government gave \u2018major project status\u2019 to Australian Vanadium\u2019s (ASX: AVL) namesake project located in the Murchison province and it also provided the Perth-based company with a A$74-million loan through the Northern Australia Infrastructure Facility.<\/p>\n<div class='d-flex justify-content-center'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>\u201cVanadium is on the critical minerals list for Australia and the US, which means there is a market there for this globally significant resource,\u201d the Minister for Resources and Northern Australia, Matt Canavan, said in a <a href=\"https:\/\/www.minister.industry.gov.au\/ministers\/karenandrews\/media-releases\/major-project-status-boosts-wa-economy\"  rel=\"noreferrer noopener\" aria-label=\"media statement. (opens in a new tab)\">media statement.<\/a> \u201cThis project will have a significant impact on the Western Australian economy, especially the Meekatharra region with the creation of around 400 direct construction jobs and a further 200 ongoing jobs.\u201d<\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p>&#8220;Vanadium is on the critical minerals list for Australia&#8221; &#8211; Minister for Resources and Northern Australia, Matt Canavan<\/p>\n<\/blockquote>\n<\/figure>\n<p>The granting of \u2018major project status,\u2019 which lasts for three years, provides formal recognition of the national strategic significance of the project. It also gives the miner a single point of contact for assistance with navigating the approval process and relevant government legislation. \u201cThis streamlined approach has the potential to result in accelerated approvals,\u201d the company said in a <a href=\"https:\/\/www.australianvanadium.com.au\/announcements\/major-project-status-awarded-to-the-australian-vanadium-project\/\"  rel=\"noreferrer noopener\" aria-label=\"press release (opens in a new tab)\">press release<\/a>.<\/p>\n<p>The Australian Vanadium project consists of a high-grade V-Ti-Fe deposit located approximately 43 kilometres south of the mining town of Meekatharra in Western Australia and 740 kilometres north-east of Perth.<\/p>\n<p>The property extends for 260 square kilometres and it has a total mineral resource of 183.6Mt at 0.76% vanadium pentoxide (V2O5) consisting of a measured mineral resource of 10.2Mt at 1.11% V2O5, an indicated mineral resource of 40.7Mt at 0.66% V2O5, and an inferred mineral resource of 132.7Mt at 0.77% V2O5.<\/p>\n<p>According to its owner, the mineral resource includes a distinct massive magnetite high-grade zone of 96.7 Mt at 1.00% V2O5.<\/p>\n<p>The project is based on a proposed open-pit mine, crushing, milling and beneficiation plant and refining plant for final conversion and sale of high-quality vanadium pentoxide for use in steel, specialty alloys and energy storage markets. First production is expected in 2022.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The federal government gave &lsquo;major project status&rsquo; to Australian Vanadium&rsquo;s namesake project in Western Australia.<\/p>\n","protected":false},"author":42,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[1016,2648,369],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1137056"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/42"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1137056"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1137056\/revisions"}],"predecessor-version":[{"id":1137057,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1137056\/revisions\/1137057"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1137056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1137056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1137056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}