Drilling Commences at The Australian Vanadium Project

DRILLING STARTS AT AUSTRALIAN VANADIUM PROJECT
Australian Vanadium targeting significant mine life extensions with new programs of Resource drilling.
KEY POINTS
• Drilling to start at Australian Vanadium Project to further define the high-grade zone
• New infill drilling programs planned over southern portion of Inferred Resource base
• A Mineral Resource update will be completed at the end of each drill program
• Targeting conversion of current Inferred Resources to Indicated Resources
• Low cost of conversion of Resources, focusing on shallow infill drilling
• Increase in Indicated Resources will provide opportunity and flexibility for DFS scheduling
• Potential to significantly increase the current 17 year planned mine life or scale of the Project
• Drilling will not affect existing Feasibility Study and approval activities