With the emerging battery industry,vanadium and lithium are well sort after materials as we move towards renewable energies. AVL could play a massive part in supplying vanadium.
Vanadium focused ASX listed company
- Actively advancing a new, long-life vanadium project at Gabanintha in Western Australia
- Significant project with large, high-grade Measured, Indicated and Inferred resources
- Traditional steel markets actively seeking new sources of long term vanadium supply
- Vanadium use in energy storage market will require increased global vanadium supply
- Energy subsidiary VSUN Energy actively developing Australian energy storage market
- AVL offers investors exposure to entire vanadium value chain
- Focus offers leverage to rising vanadium prices and new applications in energy storage A
Key Statistics (as at 16-1-18) Ordinary shares on issue 1,497m Listed Options (ex at 2c exp Dec 2018) AVLO 402.8m Share price AUD $0.048 Market capitalisation (undiluted) A74.9m (Cash ~A3m) Shareholders 4,177 Substantial Shareholders % holding JP Morgan Stanley Australian Limited 3.03 % Management 7 % Board of Directors Title Vincent Algar Bsc (Hons) Geol, MAusImm Managing Director Leslie Ingraham Executive Director Brenton Lewis MBSc, BBSc (Hons) Non Executive Chairman Daniel Harris BSc Chem Eng Non Executive Director
Vanadium Markets - Steel Global inventory levels are decreasing as evidenced by rising prices over the past three years. - Ferrovanadium prices in China have risen to about $60 per kilogram and to about $43 per kilogram in Europe - Vanadium pentoxide prices have risen to 99.50/LB* and as high as 113/LB in China - Vanadium prices close to four times higher than 2016* - Supply remains under pressure globally - Vanadium electrolyte demand increasing - New Rebar standard in place - Environmental shutdowns of slag plants ongoing - Slag imports to china banned from Jan1 2018