Investor Presentaiton
Geology & Mining: Gabanintha South Ore Reserve Table¹
(original AVL Reserve)
Australian
VANADIUM
LIMITED
The updated Ore Reserve for the Australian Vanadium Project 2022 Bankable Feasibility Study is detailed in the table below
Ore Reserve
Proved
Probable
Total Ore
Mt
V205%
Fe2O3%
TiO2%
SiO2%
LOI%
10.5
1.11
61.6
12.8
9.5
3.7
V205
production kt
70.9
Ore Reserve
Waste
Mt
238.5
20.4
1.07
63.4
12.2
9.2
3.0
152.9
Total Material
269.4
30.9
1.09
62.8
12.4
9.3
3.2
223.8
Strip Ratio
7.7
The Ore Reserves and Inferred Resources utilised for the life of mine (LOM) schedule for the Australian Vanadium Project 2022
Bankable Feasibility Study, inclusive of the Ore Reserve above, is detailed in the table below.
Ore Reserve
Mt
V205%
Fe2O3%
TiO2%
SiO2%
LOI%
V205
production kt
Proved
10.5
1.11
61.6
12.8
9.5
3.7
70.9
Ore Reserve
Waste
Mt
296.5
Probable
20.4
1.07
63.4
12.2
9.2
3.0
152.9
Total Material
335.7
Inferred Resources
8.2
1.04
63.4
12.0
9.2
3.1
57.6
Strip Ratio
7.6
Total Ore
39.2
1.08
62.9
12.3
9.3
3.2
281.4
The Ore Reserve for the Australian Vanadium Project 2022 Bankable Feasibility Study was developed by Orelogy Consulting Pty Ltd.
The economic evaluation of the Project in this presentation is underpinned by Reserves and Inferred Resources comprising:
The Ore Reserve including both Proved and Probable classified material
•
•
Additional Inferred Mineral Resources comprising approximately 20.5% of the proposed process plant feed material
1. Note: Tonnage and contained metal have been rounded to reflect the accuracy of the estimate, and numbers might not add due to rounding
Corporate Presentation | March 2024 | ASX:AVL
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