# AVL: Clarification - Application for Quotation dated 4 Sept 2026 Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/avl-clarification-application-for-quotation-dated-4-sept-2026--b42304e2-6e71-4574-a092-06c7b51f7b92 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03154790 Publisher: asx Original announcement: 2026-10-20T07:50:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-20T08:09:04.009Z Atlas analysis updated: 2026-10-20T08:09:04.009Z - Company: Australian Vanadium Limited - Ticker: AVL - Exchange: ASX - Region: Unavailable - Primary commodity: Unavailable - Secondary commodities: None reported - Document categories: Capital raise, Other, Resource update - Extracted: 2026-10-20 08:09:04 UTC Narrative sentiment: 0.00 · Neutral ## Minestarters Atlas summary Australian Vanadium Limited clarifies that a recent share issuance to Wyalong Pastoral Co Pty Ltd was conducted under Listing Rule 7.1 placement capacity, rather than 7.1A as previously stated. The company confirms it had sufficient capacity at the time of the issue. Reasoning: The document is a technical clarification regarding a share issuance capacity, correcting a previous filing error. It does not contain new technical or financial data. - Positive factor: Clarification of placement capacity confirms sufficient headroom under Listing Rule 7.1 Facts used in scoring: 9 ## Classification and evidence **Stale Data Re-release** Polarity: negative Story-specific tag Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: The document provides clarification on a previous filing rather than new material information. Evidence · text > Clarification - Application for Quotation dated 4 Sept 2026 ## Extracted facts Stored fact records: 9. Some facts used in scoring do not have a stored record. ## Resource Estimates (9) ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/avl-clarification-application-for-quotation-dated-4-sept-2026--b42304e2-6e71-4574-a092-06c7b51f7b92#fact-resource-facts-0) The Australian Vanadium · iron\_ore #### Identity - Project: The Australian Vanadium - Commodity: iron\_ore - Ticker: AVL #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:32f1f35b5e3cf44cde26 - Deposit or zone: HG - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 30600000 - Grade: 46.3 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 46.3 Context: 30.6 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/avl-clarification-application-for-quotation-dated-4-sept-2026--b42304e2-6e71-4574-a092-06c7b51f7b92#fact-resource-facts-1) The Australian Vanadium · iron\_ore #### Identity - Project: The Australian Vanadium - Commodity: iron\_ore - Ticker: AVL #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:8c42139014ee426c59d5 - Deposit or zone: HG - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 74800000 - Grade: 47.5 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 47.5 Context: 74.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/avl-clarification-application-for-quotation-dated-4-sept-2026--b42304e2-6e71-4574-a092-06c7b51f7b92#fact-resource-facts-2) The Australian Vanadium · iron\_ore #### Identity - Project: The Australian Vanadium - Commodity: iron\_ore - Ticker: AVL #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:60559e0b465b20436688 - Deposit or zone: HG - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 67900000 - Grade: 45.3 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 45.3 Context: 67.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/avl-clarification-application-for-quotation-dated-4-sept-2026--b42304e2-6e71-4574-a092-06c7b51f7b92#fact-resource-facts-3) The Australian Vanadium · iron\_ore #### Identity - Project: The Australian Vanadium - Commodity: iron\_ore - Ticker: AVL #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:d7fdbc440d22d0de95e1 - Deposit or zone: LG - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 61800000 - Grade: 26.1 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 26.1 Context: 61.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/avl-clarification-application-for-quotation-dated-4-sept-2026--b42304e2-6e71-4574-a092-06c7b51f7b92#fact-resource-facts-4) The Australian Vanadium · iron\_ore #### Identity - Project: The Australian Vanadium - Commodity: iron\_ore - Ticker: AVL #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:34f1baf571fa28ebb5cd - Deposit or zone: LG - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 142500000 - Grade: 24.9 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 24.9 Context: 142.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/avl-clarification-application-for-quotation-dated-4-sept-2026--b42304e2-6e71-4574-a092-06c7b51f7b92#fact-resource-facts-5) The Australian Vanadium · iron\_ore #### Identity - Project: The Australian Vanadium - Commodity: iron\_ore - Ticker: AVL #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:d545a2d8b46808b0cb72 - Deposit or zone: Transported - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 17900000 - Grade: 31 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 31.0 Context: 17.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/avl-clarification-application-for-quotation-dated-4-sept-2026--b42304e2-6e71-4574-a092-06c7b51f7b92#fact-resource-facts-6) The Australian Vanadium · iron\_ore #### Identity - Project: The Australian Vanadium - Commodity: iron\_ore - Ticker: AVL #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:6d1d9e4b43f65b650f3b - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 30600000 - Grade: 46.3 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 46.3 Context: 30.6 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/avl-clarification-application-for-quotation-dated-4-sept-2026--b42304e2-6e71-4574-a092-06c7b51f7b92#fact-resource-facts-7) The Australian Vanadium · iron\_ore #### Identity - Project: The Australian Vanadium - Commodity: iron\_ore - Ticker: AVL #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:184bcfb40e654d5e1b53 - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 136600000 - Grade: 37.8 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 37.8 Context: 136.6 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/avl-clarification-application-for-quotation-dated-4-sept-2026--b42304e2-6e71-4574-a092-06c7b51f7b92#fact-resource-facts-8) The Australian Vanadium · iron\_ore #### Identity - Project: The Australian Vanadium - Commodity: iron\_ore - Ticker: AVL #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:0ac0658d3fcedabce5df - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 228200000 - Grade: 31.4 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 31.4 Context: 228.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.