Australian Vanadium (ASX:AVL) concluded the first phase of an optimized feasibility study at its namesake project in Western Australia, according to a Tuesday filing with the Australian bourse.
Under the study, the miner delivered an updated mineral resource estimate for the consolidated project, identified the southern blocks of the project as an optimal location along strike to commence mining, and also identified an optimal location for its processing plant, it said.
Shares of Australian Vanadium fell over 6% in recent trade.
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