AVL: Presentation - 2026 Vanadium & VFB Symposium

Original announcement by asx on

Company
Australian Vanadium Limited
Ticker
AVL
Exchange
ASX
Region
Unavailable
Primary commodity
Vanadium
Secondary commodities
Iron ore, Titanium, Silicon, Aluminium
Document categories
Other, Resource update
Extracted
2026-10-14 23:09:29 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Australian Vanadium Limited (AVL) presented at the 2026 International Symposium on Vanadium and Vanadium Flow Batteries, highlighting the growing market for vanadium and its integrated strategy across mining, electrolyte manufacturing, and BESS solutions. The presentation reiterates the significant Mineral Resource Estimate for the Australian Vanadium Project, which was last updated in May 2024, supporting the company's long-term vision. The overall resource demonstrates moderate confidence with over 42% in Measured and Indicated categories.

Reasoning: The presentation outlines a positive outlook for vanadium and AVL's integrated strategy, supported by a previously announced resource estimate, but contains no new material technical results, making its novelty low.

Positive factors

  • Strong market outlook for vanadium and Vanadium Flow Batteries (VFBs)
  • Integrated strategy across mining, electrolyte manufacturing, and BESS solutions
  • Significant existing resource estimate for the Australian Vanadium Project
  • Moderate M&I confidence for the overall resource

Negative factors

  • No new material technical information in this presentation
  • Resource estimate is historical, dating back to May 2024, raising currency concerns

Facts used in scoring: 48

Classification and evidence

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: The resource estimate's effective date is May 7, 2024, which is more than two years prior to the document's publication date of October 2026.

Evidence · text

“The information in this announcement relating to mineral resource estimates for the Australian Vanadium Project is extracted from the announcement entitled ‘39% Increase in High Grade Measured and Indicated Mineral Resource’ released to the ASX on 7 May 2024.”

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The document includes a Mineral Resource Estimate table for the Australian Vanadium Project.

Evidence · text

“Mineral Resource Estimate”

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The document refers to ASX Listing Rule 5.23, which governs JORC Code compliance for mineral resource reporting in Australia.

Evidence · text

“ASX Listing Rule 5.23 The information in this announcement relating to mineral resource estimates for the Australian Vanadium Project is extracted from the announcement entitled ‘39% Increase in High Grade Measured and Indicated Mineral Resource’ released to the ASX on 7 May 2024.”

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: The company confirms that the competent person's findings have not been materially modified from the original market announcements, implying a competent person sign-off.

Evidence · text

“The Company confirms that the form and context in which the competent person's findings are presented have not been materially modified from the original market announcements.”

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The resource estimate includes a significant portion classified as Indicated, totaling 136.6 Mt for the overall project.

Evidence · table

“Indicated”

Context: 136.6

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: The resource estimate includes a Measured category, totaling 30.6 Mt for the overall project, representing the highest confidence level.

Evidence · table

“Measured”

Context: 30.6

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: A substantial portion of the resource, 228.2 Mt, is classified as Inferred, indicating lower geological confidence.

Evidence · table

“Inferred”

Context: 228.2

Extracted facts

Stored fact records: 48. Some facts used in scoring do not have a stored record.

Resource Estimates (48)

measuredThe Australian Vanadium Project · vanadiumTonnes: 30600000Grade: 1.14Grade Unit: % V2O5Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
vanadium
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:b722b62bb19ad9800da1
Deposit or zone
HG
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
30600000
Grade
1.14
Grade Unit
% V2O5

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: High-grade Measured resource for vanadium, indicating strong confidence and quality, though the estimate is historical.

Positive factors

  • Strong grade for vanadium
  • Highest confidence category (Measured)

Negative factors

  • Resource estimate is historical

Evidence · table

“1.14”

Context: 30.6

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

measuredThe Australian Vanadium Project · titaniumTonnes: 30600000Grade: 12.9Grade Unit: % TiO2Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
titanium
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:b722b62bb19ad9800da1
Deposit or zone
HG
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
30600000
Grade
12.9
Grade Unit
% TiO2

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Measured resource for titanium with a strong grade, indicating good potential, though the estimate is historical.

Positive factors

  • Strong grade for titanium
  • Highest confidence category (Measured)

Negative factors

  • Resource estimate is historical

Evidence · table

“12.9”

Context: 30.6

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

measuredThe Australian Vanadium Project · siliconTonnes: 30600000Grade: 7.4Grade Unit: % SiO2Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
silicon
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:b722b62bb19ad9800da1
Deposit or zone
HG
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
30600000
Grade
7.4
Grade Unit
% SiO2

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Measured resource for silicon dioxide, typically a gangue mineral, with slightly negative sentiment due to its nature, and the estimate is historical.

Negative factors

  • Resource estimate is historical
  • Silicon dioxide is typically a gangue mineral

Evidence · table

“7.4”

Context: 30.6

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

measuredThe Australian Vanadium Project · aluminiumTonnes: 30600000Grade: 6.2Grade Unit: % Al2O3Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
aluminium
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:b722b62bb19ad9800da1
Deposit or zone
HG
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
30600000
Grade
6.2
Grade Unit
% Al2O3

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Measured resource for aluminium oxide, typically a gangue mineral, with slightly negative sentiment due to its nature, and the estimate is historical.

Negative factors

  • Resource estimate is historical
  • Aluminium oxide is typically a gangue mineral

Evidence · table

“6.2”

Context: 30.6

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

indicatedThe Australian Vanadium Project · vanadiumTonnes: 74800000Grade: 1.11Grade Unit: % V2O5Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
vanadium
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:a3ff66553b42784bf2d4
Deposit or zone
HG
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
74800000
Grade
1.11
Grade Unit
% V2O5

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: High-grade Indicated resource for vanadium, indicating strong confidence and quality, though the estimate is historical.

Positive factors

  • Strong grade for vanadium
  • Good confidence category (Indicated)

Negative factors

  • Resource estimate is historical

Evidence · table

“1.11”

Context: 74.8

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

indicatedThe Australian Vanadium Project · titaniumTonnes: 74800000Grade: 12.6Grade Unit: % TiO2Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
titanium
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:a3ff66553b42784bf2d4
Deposit or zone
HG
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
74800000
Grade
12.6
Grade Unit
% TiO2

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Indicated resource for titanium with a strong grade, indicating good potential, though the estimate is historical.

Positive factors

  • Strong grade for titanium
  • Good confidence category (Indicated)

Negative factors

  • Resource estimate is historical

Evidence · table

“12.6”

Context: 74.8

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

indicatedThe Australian Vanadium Project · siliconTonnes: 74800000Grade: 7Grade Unit: % SiO2Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
silicon
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:a3ff66553b42784bf2d4
Deposit or zone
HG
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
74800000
Grade
7
Grade Unit
% SiO2

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Indicated resource for silicon dioxide, typically a gangue mineral, with slightly negative sentiment due to its nature, and the estimate is historical.

Negative factors

  • Resource estimate is historical
  • Silicon dioxide is typically a gangue mineral

Evidence · table

“7.0”

Context: 74.8

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

indicatedThe Australian Vanadium Project · aluminiumTonnes: 74800000Grade: 5.7Grade Unit: % Al2O3Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
aluminium
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:a3ff66553b42784bf2d4
Deposit or zone
HG
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
74800000
Grade
5.7
Grade Unit
% Al2O3

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Indicated resource for aluminium oxide, typically a gangue mineral, with slightly negative sentiment due to its nature, and the estimate is historical.

Negative factors

  • Resource estimate is historical
  • Aluminium oxide is typically a gangue mineral

Evidence · table

“5.7”

Context: 74.8

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

inferredThe Australian Vanadium Project · vanadiumTonnes: 67900000Grade: 1.06Grade Unit: % V2O5Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
vanadium
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:808e6b45021c323442b1
Deposit or zone
HG
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
67900000
Grade
1.06
Grade Unit
% V2O5

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: High-grade Inferred resource for vanadium, indicating good potential but with lower geological confidence, and the estimate is historical.

Positive factors

  • Strong grade for vanadium

Negative factors

  • Lower confidence category (Inferred)
  • Resource estimate is historical

Evidence · table

“1.06”

Context: 67.9

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

inferredThe Australian Vanadium Project · titaniumTonnes: 67900000Grade: 12.1Grade Unit: % TiO2Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
titanium
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:808e6b45021c323442b1
Deposit or zone
HG
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
67900000
Grade
12.1
Grade Unit
% TiO2

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Inferred resource for titanium with a strong grade but lower geological confidence, and the estimate is historical.

Positive factors

  • Strong grade for titanium

Negative factors

  • Lower confidence category (Inferred)
  • Resource estimate is historical

Evidence · table

“12.1”

Context: 67.9

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

inferredThe Australian Vanadium Project · siliconTonnes: 67900000Grade: 9Grade Unit: % SiO2Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
silicon
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:808e6b45021c323442b1
Deposit or zone
HG
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
67900000
Grade
9
Grade Unit
% SiO2

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Inferred resource for silicon dioxide, typically a gangue mineral, with slightly negative sentiment due to its nature, and the estimate is historical.

Negative factors

  • Resource estimate is historical
  • Silicon dioxide is typically a gangue mineral

Evidence · table

“9.0”

Context: 67.9

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

inferredThe Australian Vanadium Project · aluminiumTonnes: 67900000Grade: 6.6Grade Unit: % Al2O3Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
aluminium
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:808e6b45021c323442b1
Deposit or zone
HG
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
67900000
Grade
6.6
Grade Unit
% Al2O3

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Inferred resource for aluminium oxide, typically a gangue mineral, with slightly negative sentiment due to its nature, and the estimate is historical.

Negative factors

  • Resource estimate is historical
  • Aluminium oxide is typically a gangue mineral

Evidence · table

“6.6”

Context: 67.9

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

indicatedThe Australian Vanadium Project · vanadiumTonnes: 61800000Grade: 0.55Grade Unit: % V2O5Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
vanadium
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:9d5ea0a3666fe7a20724
Deposit or zone
LG
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
61800000
Grade
0.55
Grade Unit
% V2O5

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Indicated resource for vanadium in the LG zone with a moderate grade, and the estimate is historical.

Positive factors

  • Good confidence category (Indicated)

Negative factors

  • Moderate grade for vanadium
  • Resource estimate is historical

Evidence · table

“0.55”

Context: 61.8

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

indicatedThe Australian Vanadium Project · titaniumTonnes: 61800000Grade: 7.1Grade Unit: % TiO2Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
titanium
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:9d5ea0a3666fe7a20724
Deposit or zone
LG
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
61800000
Grade
7.1
Grade Unit
% TiO2

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Indicated resource for titanium in the LG zone with a moderate grade, and the estimate is historical.

Positive factors

  • Good confidence category (Indicated)

Negative factors

  • Moderate grade for titanium
  • Resource estimate is historical

Evidence · table

“7.1”

Context: 61.8

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

indicatedThe Australian Vanadium Project · siliconTonnes: 61800000Grade: 26.6Grade Unit: % SiO2Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
silicon
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:9d5ea0a3666fe7a20724
Deposit or zone
LG
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
61800000
Grade
26.6
Grade Unit
% SiO2

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Indicated resource for silicon dioxide in the LG zone, typically a gangue mineral, with slightly negative sentiment due to its nature, and the estimate is historical.

Negative factors

  • Resource estimate is historical
  • Silicon dioxide is typically a gangue mineral

Evidence · table

“26.6”

Context: 61.8

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

indicatedThe Australian Vanadium Project · aluminiumTonnes: 61800000Grade: 16.3Grade Unit: % Al2O3Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
aluminium
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:9d5ea0a3666fe7a20724
Deposit or zone
LG
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
61800000
Grade
16.3
Grade Unit
% Al2O3

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Indicated resource for aluminium oxide in the LG zone, typically a gangue mineral, with slightly negative sentiment due to its nature, and the estimate is historical.

Negative factors

  • Resource estimate is historical
  • Aluminium oxide is typically a gangue mineral

Evidence · table

“16.3”

Context: 61.8

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

inferredThe Australian Vanadium Project · vanadiumTonnes: 142500000Grade: 0.48Grade Unit: % V2O5Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
vanadium
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:2b3b8037f426271cb7af
Deposit or zone
LG
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
142500000
Grade
0.48
Grade Unit
% V2O5

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Inferred resource for vanadium in the LG zone with a weak grade and lower confidence, and the estimate is historical.

Negative factors

  • Weak grade for vanadium
  • Lower confidence category (Inferred)
  • Resource estimate is historical

Evidence · table

“0.48”

Context: 142.5

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

inferredThe Australian Vanadium Project · titaniumTonnes: 142500000Grade: 6.6Grade Unit: % TiO2Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
titanium
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:2b3b8037f426271cb7af
Deposit or zone
LG
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
142500000
Grade
6.6
Grade Unit
% TiO2

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Inferred resource for titanium in the LG zone with a weak grade and lower confidence, and the estimate is historical.

Negative factors

  • Weak grade for titanium
  • Lower confidence category (Inferred)
  • Resource estimate is historical

Evidence · table

“6.6”

Context: 142.5

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

inferredThe Australian Vanadium Project · siliconTonnes: 142500000Grade: 28.9Grade Unit: % SiO2Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
silicon
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:2b3b8037f426271cb7af
Deposit or zone
LG
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
142500000
Grade
28.9
Grade Unit
% SiO2

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Inferred resource for silicon dioxide in the LG zone, typically a gangue mineral, with slightly negative sentiment due to its nature, and the estimate is historical.

Negative factors

  • Resource estimate is historical
  • Silicon dioxide is typically a gangue mineral

Evidence · table

“28.9”

Context: 142.5

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

inferredThe Australian Vanadium Project · aluminiumTonnes: 142500000Grade: 15.2Grade Unit: % Al2O3Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
aluminium
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:2b3b8037f426271cb7af
Deposit or zone
LG
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
142500000
Grade
15.2
Grade Unit
% Al2O3

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Inferred resource for aluminium oxide in the LG zone, typically a gangue mineral, with slightly negative sentiment due to its nature, and the estimate is historical.

Negative factors

  • Resource estimate is historical
  • Aluminium oxide is typically a gangue mineral

Evidence · table

“15.2”

Context: 142.5

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

inferredThe Australian Vanadium Project · vanadiumTonnes: 17900000Grade: 0.65Grade Unit: % V2O5Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
vanadium
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:4901b693345e190d2212
Deposit or zone
Transported
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
17900000
Grade
0.65
Grade Unit
% V2O5

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Inferred resource for vanadium in the Transported zone with a moderate grade and lower confidence, and the estimate is historical.

Negative factors

  • Moderate grade for vanadium
  • Lower confidence category (Inferred)
  • Resource estimate is historical

Evidence · table

“0.65”

Context: 17.9

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

inferredThe Australian Vanadium Project · titaniumTonnes: 17900000Grade: 7.3Grade Unit: % TiO2Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
titanium
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:4901b693345e190d2212
Deposit or zone
Transported
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
17900000
Grade
7.3
Grade Unit
% TiO2

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Inferred resource for titanium in the Transported zone with a moderate grade and lower confidence, and the estimate is historical.

Negative factors

  • Moderate grade for titanium
  • Lower confidence category (Inferred)
  • Resource estimate is historical

Evidence · table

“7.3”

Context: 17.9

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

inferredThe Australian Vanadium Project · siliconTonnes: 17900000Grade: 24.1Grade Unit: % SiO2Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
silicon
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:4901b693345e190d2212
Deposit or zone
Transported
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
17900000
Grade
24.1
Grade Unit
% SiO2

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Inferred resource for silicon dioxide in the Transported zone, typically a gangue mineral, with slightly negative sentiment due to its nature, and the estimate is historical.

Negative factors

  • Resource estimate is historical
  • Silicon dioxide is typically a gangue mineral

Evidence · table

“24.1”

Context: 17.9

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

inferredThe Australian Vanadium Project · aluminiumTonnes: 17900000Grade: 14.4Grade Unit: % Al2O3Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
aluminium
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:4901b693345e190d2212
Deposit or zone
Transported
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
17900000
Grade
14.4
Grade Unit
% Al2O3

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Inferred resource for aluminium oxide in the Transported zone, typically a gangue mineral, with slightly negative sentiment due to its nature, and the estimate is historical.

Negative factors

  • Resource estimate is historical
  • Aluminium oxide is typically a gangue mineral

Evidence · table

“14.4”

Context: 17.9

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

measuredThe Australian Vanadium Project · vanadiumTonnes: 30600000Grade: 1.13Grade Unit: % V2O5Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
vanadium
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:3b96f400e85f779a97ea
Deposit or zone
Total
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
30600000
Grade
1.13
Grade Unit
% V2O5

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Total Measured resource for vanadium with a strong grade, indicating high confidence, though the estimate is historical.

Positive factors

  • Strong grade for vanadium
  • Highest confidence category (Measured)

Negative factors

  • Resource estimate is historical

Evidence · table

“1.13”

Context: 30.6

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

measuredThe Australian Vanadium Project · iron_oreTonnes: 30600000Grade: 46.3Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
iron_ore
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:3b96f400e85f779a97ea
Deposit or zone
Total
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
30600000
Grade
46.3
Grade Unit
%

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Total Measured resource for iron ore with a weak grade, indicating lower economic potential, and the estimate is historical.

Positive factors

  • Highest confidence category (Measured)

Negative factors

  • Weak grade for iron ore
  • Resource estimate is historical

Evidence · table

“46.3”

Context: 30.6

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

measuredThe Australian Vanadium Project · titaniumTonnes: 30600000Grade: 12.9Grade Unit: % TiO2Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
titanium
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:3b96f400e85f779a97ea
Deposit or zone
Total
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
30600000
Grade
12.9
Grade Unit
% TiO2

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Total Measured resource for titanium with a strong grade, indicating good potential, though the estimate is historical.

Positive factors

  • Strong grade for titanium
  • Highest confidence category (Measured)

Negative factors

  • Resource estimate is historical

Evidence · table

“12.9”

Context: 30.6

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

measuredThe Australian Vanadium Project · siliconTonnes: 30600000Grade: 7.4Grade Unit: % SiO2Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
silicon
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:3b96f400e85f779a97ea
Deposit or zone
Total
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
30600000
Grade
7.4
Grade Unit
% SiO2

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Total Measured resource for silicon dioxide, typically a gangue mineral, with slightly negative sentiment due to its nature, and the estimate is historical.

Negative factors

  • Resource estimate is historical
  • Silicon dioxide is typically a gangue mineral

Evidence · table

“7.4”

Context: 30.6

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

measuredThe Australian Vanadium Project · aluminiumTonnes: 30600000Grade: 6.2Grade Unit: % Al2O3Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
aluminium
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:3b96f400e85f779a97ea
Deposit or zone
Total
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
30600000
Grade
6.2
Grade Unit
% Al2O3

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Total Measured resource for aluminium oxide, typically a gangue mineral, with slightly negative sentiment due to its nature, and the estimate is historical.

Negative factors

  • Resource estimate is historical
  • Aluminium oxide is typically a gangue mineral

Evidence · table

“6.2”

Context: 30.6

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

indicatedThe Australian Vanadium Project · vanadiumTonnes: 136600000Grade: 0.85Grade Unit: % V2O5Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
vanadium
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:2fff231c5ed17a1441d8
Deposit or zone
Total
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
136600000
Grade
0.85
Grade Unit
% V2O5

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Total Indicated resource for vanadium with a strong grade, indicating good confidence, though the estimate is historical.

Positive factors

  • Strong grade for vanadium
  • Good confidence category (Indicated)

Negative factors

  • Resource estimate is historical

Evidence · table

“0.85”

Context: 136.6

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

indicatedThe Australian Vanadium Project · iron_oreTonnes: 136600000Grade: 37.8Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
iron_ore
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:2fff231c5ed17a1441d8
Deposit or zone
Total
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
136600000
Grade
37.8
Grade Unit
%

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Total Indicated resource for iron ore with a weak grade, indicating lower economic potential, and the estimate is historical.

Positive factors

  • Good confidence category (Indicated)

Negative factors

  • Weak grade for iron ore
  • Resource estimate is historical

Evidence · table

“37.8”

Context: 136.6

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

indicatedThe Australian Vanadium Project · titaniumTonnes: 136600000Grade: 10.1Grade Unit: % TiO2Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
titanium
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:2fff231c5ed17a1441d8
Deposit or zone
Total
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
136600000
Grade
10.1
Grade Unit
% TiO2

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Total Indicated resource for titanium with a strong grade, indicating good potential, though the estimate is historical.

Positive factors

  • Strong grade for titanium
  • Good confidence category (Indicated)

Negative factors

  • Resource estimate is historical

Evidence · table

“10.1”

Context: 136.6

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

indicatedThe Australian Vanadium Project · siliconTonnes: 136600000Grade: 15.8Grade Unit: % SiO2Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
silicon
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:2fff231c5ed17a1441d8
Deposit or zone
Total
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
136600000
Grade
15.8
Grade Unit
% SiO2

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Total Indicated resource for silicon dioxide, typically a gangue mineral, with slightly negative sentiment due to its nature, and the estimate is historical.

Negative factors

  • Resource estimate is historical
  • Silicon dioxide is typically a gangue mineral

Evidence · table

“15.8”

Context: 136.6

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

indicatedThe Australian Vanadium Project · aluminiumTonnes: 136600000Grade: 10.5Grade Unit: % Al2O3Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
aluminium
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:2fff231c5ed17a1441d8
Deposit or zone
Total
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
136600000
Grade
10.5
Grade Unit
% Al2O3

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Total Indicated resource for aluminium oxide, typically a gangue mineral, with slightly negative sentiment due to its nature, and the estimate is historical.

Negative factors

  • Resource estimate is historical
  • Aluminium oxide is typically a gangue mineral

Evidence · table

“10.5”

Context: 136.6

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

inferredThe Australian Vanadium Project · vanadiumTonnes: 228200000Grade: 0.66Grade Unit: % V2O5Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
vanadium
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:b1821c9c202480e4aa3a
Deposit or zone
Total
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
228200000
Grade
0.66
Grade Unit
% V2O5

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Total Inferred resource for vanadium with a moderate grade and lower confidence, and the estimate is historical.

Negative factors

  • Moderate grade for vanadium
  • Lower confidence category (Inferred)
  • Resource estimate is historical

Evidence · table

“0.66”

Context: 228.2

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

inferredThe Australian Vanadium Project · iron_oreTonnes: 228200000Grade: 31.4Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
iron_ore
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:b1821c9c202480e4aa3a
Deposit or zone
Total
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
228200000
Grade
31.4
Grade Unit
%

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Total Inferred resource for iron ore with a weak grade and lower confidence, and the estimate is historical.

Negative factors

  • Weak grade for iron ore
  • Lower confidence category (Inferred)
  • Resource estimate is historical

Evidence · table

“31.4”

Context: 228.2

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

inferredThe Australian Vanadium Project · titaniumTonnes: 228200000Grade: 8.3Grade Unit: % TiO2Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
titanium
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:b1821c9c202480e4aa3a
Deposit or zone
Total
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
228200000
Grade
8.3
Grade Unit
% TiO2

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Total Inferred resource for titanium with a moderate grade and lower confidence, and the estimate is historical.

Negative factors

  • Moderate grade for titanium
  • Lower confidence category (Inferred)
  • Resource estimate is historical

Evidence · table

“8.3”

Context: 228.2

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

inferredThe Australian Vanadium Project · siliconTonnes: 228200000Grade: 22.6Grade Unit: % SiO2Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
silicon
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:b1821c9c202480e4aa3a
Deposit or zone
Total
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
228200000
Grade
22.6
Grade Unit
% SiO2

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Total Inferred resource for silicon dioxide, typically a gangue mineral, with slightly negative sentiment due to its nature, and the estimate is historical.

Negative factors

  • Resource estimate is historical
  • Silicon dioxide is typically a gangue mineral

Evidence · table

“22.6”

Context: 228.2

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

inferredThe Australian Vanadium Project · aluminiumTonnes: 228200000Grade: 12.6Grade Unit: % Al2O3Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
aluminium
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:b1821c9c202480e4aa3a
Deposit or zone
Total
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
228200000
Grade
12.6
Grade Unit
% Al2O3

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Total Inferred resource for aluminium oxide, typically a gangue mineral, with slightly negative sentiment due to its nature, and the estimate is historical.

Negative factors

  • Resource estimate is historical
  • Aluminium oxide is typically a gangue mineral

Evidence · table

“12.6”

Context: 228.2

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

measuredThe Australian Vanadium Project · iron_oreTonnes: 30600000Grade: 46.3Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
iron_ore
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:0a84e22658b04e94387a
Deposit or zone
HG
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
30600000
Grade
46.3
Grade Unit
%

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Measured resource for iron ore with a weak grade, indicating lower economic potential for this commodity, and the estimate is historical.

Positive factors

  • Highest confidence category (Measured)

Negative factors

  • Weak grade for iron ore
  • Resource estimate is historical

Evidence · table

“46.3”

Context: 30.6

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

indicatedThe Australian Vanadium Project · iron_oreTonnes: 74800000Grade: 47.5Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
iron_ore
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:01578c41f194922ba429
Deposit or zone
HG
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
74800000
Grade
47.5
Grade Unit
%

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Indicated resource for iron ore with a weak grade, indicating lower economic potential for this commodity, and the estimate is historical.

Positive factors

  • Good confidence category (Indicated)

Negative factors

  • Weak grade for iron ore
  • Resource estimate is historical

Evidence · table

“47.5”

Context: 74.8

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

inferredThe Australian Vanadium Project · iron_oreTonnes: 67900000Grade: 45.3Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
iron_ore
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:4495ae187b2b50683cd5
Deposit or zone
HG
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
67900000
Grade
45.3
Grade Unit
%

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Inferred resource for iron ore with a weak grade and lower confidence, and the estimate is historical.

Negative factors

  • Weak grade for iron ore
  • Lower confidence category (Inferred)
  • Resource estimate is historical

Evidence · table

“45.3”

Context: 67.9

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

indicatedThe Australian Vanadium Project · iron_oreTonnes: 61800000Grade: 26.1Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
iron_ore
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:d2a14acd7af55cc61cd7
Deposit or zone
LG
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
61800000
Grade
26.1
Grade Unit
%

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Indicated resource for iron ore in the LG zone with a very weak grade, indicating low economic potential, and the estimate is historical.

Positive factors

  • Good confidence category (Indicated)

Negative factors

  • Very weak grade for iron ore
  • Resource estimate is historical

Evidence · table

“26.1”

Context: 61.8

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

inferredThe Australian Vanadium Project · iron_oreTonnes: 142500000Grade: 24.9Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
iron_ore
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:ce159531d5faffd8cb43
Deposit or zone
LG
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
142500000
Grade
24.9
Grade Unit
%

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Inferred resource for iron ore in the LG zone with a very weak grade and lower confidence, and the estimate is historical.

Negative factors

  • Very weak grade for iron ore
  • Lower confidence category (Inferred)
  • Resource estimate is historical

Evidence · table

“24.9”

Context: 142.5

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

inferredThe Australian Vanadium Project · iron_oreTonnes: 17900000Grade: 31Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
iron_ore
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:0ebabb92ff044cd83387
Deposit or zone
Transported
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
17900000
Grade
31
Grade Unit
%

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Inferred resource for iron ore in the Transported zone with a weak grade and lower confidence, and the estimate is historical.

Negative factors

  • Weak grade for iron ore
  • Lower confidence category (Inferred)
  • Resource estimate is historical

Evidence · table

“31.0”

Context: 17.9

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

measuredThe Australian Vanadium Project · iron_oreTonnes: 30600000Grade: 46.3Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
iron_ore
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:dc46d58532ff545f29e0
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
30600000
Grade
46.3
Grade Unit
%

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: High-grade Measured resource for vanadium, indicating strong confidence and quality, though the estimate is historical. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Strong grade for vanadium
  • Highest confidence category (Measured)

Negative factors

  • Resource estimate is historical

Evidence · table

“46.3”

Context: 30.6

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

indicatedThe Australian Vanadium Project · iron_oreTonnes: 136600000Grade: 37.8Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
iron_ore
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:1196272c12e6376256fd
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
136600000
Grade
37.8
Grade Unit
%

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Total Indicated resource for vanadium with a strong grade, indicating good confidence, though the estimate is historical. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Strong grade for vanadium
  • Good confidence category (Indicated)

Negative factors

  • Resource estimate is historical

Evidence · table

“37.8”

Context: 136.6

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

inferredThe Australian Vanadium Project · iron_oreTonnes: 228200000Grade: 31.4Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
The Australian Vanadium Project
Commodity
iron_ore
Region
australia_wa
Reported Region
Western Australia
Ticker
AVL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:9544667f2a7a6fcc573a
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
228200000
Grade
31.4
Grade Unit
%

Prior Estimate

Resource Date
2024-05-07

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-05-07T00:00:00.000Z

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Total Inferred resource for vanadium with a moderate grade and lower confidence, and the estimate is historical. (Expanded from multi-commodity resource table for completeness.)

Negative factors

  • Moderate grade for vanadium
  • Lower confidence category (Inferred)
  • Resource estimate is historical

Evidence · table

“31.4”

Context: 228.2

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.4 years before this release

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.