Australian Vanadium: Receives regulatory approval for Coates vanadium deposit
- Australian Vanadium has received approval from the Western Australian Department of Mines, Industry Regulation and Safety
- The company submitted a programme of works (PoW) on E70/4924-I over the Coates vanadium deposit
- This application also will see 15 holes drilled at the deposit, concentrating on the vacant crown land portion
- The intention is to prepare the diamond drill cores at a laboratory in Perth then ship them to Montreal for metallurgical testing
- Australian Vanadium has also signed a joint venture with Ultra Power Systems (UPS) to develop the deposit
- Australian Vanadium’s share price is currently steady with shares currently trading for 1 cent apiece