Australian Vanadium

What Australian Vanadium does

Australian Vanadium Limited (ASX: AVL) is a Perth-based, vertically integrated vanadium developer pursuing a 'pit to battery' strategy. The company's primary asset is the Australian Vanadium Project at Gabanintha in Western Australia's Mid West region, containing a JORC-compliant resource of 182.6 million tonnes at 0.79% V2O5 and planned to produce approximately 11,000 tonnes per annum of high-purity vanadium pentoxide (V2O5) and 900,000 tonnes per annum of an iron-titanium (FeTi) coproduct. AVL has developed a proprietary simplified processing circuit achieving >92% vanadium extraction and 99.4%-99.9% V2O5 purity, for which a patent application has been filed. The company also operates Australia's first dedicated vanadium electrolyte manufacturing facility in Perth, opened in January 2024, producing battery-grade vanadium electrolyte that was deployed in an Invinity flow battery in September 2024.

AVL's go-to-market is enterprise-focused and operates across four planned revenue streams: V2O5 sales to steel and aerospace customers, FeTi coproduct sales (with a term sheet signed with Tianzhu Steel for 50,000 tpa shipped from Geraldton to China), vanadium electrolyte sales to VFB manufacturers, and vanadium flow battery system sales through its wholly-owned VSUN Energy subsidiary. End customers span steel mills, mining operations seeking renewable-powered standalone power systems, utilities and grid operators needing long-duration storage, and government/defence installations. Distribution combines direct enterprise sales, offtake agreements with steel mills, government infrastructure tenders (including a consortium bid with Sumitomo Electric for the AUD 150M, 50-MW Kalgoorlie VFB project), and channel partnerships with international battery OEMs such as Invinity and E22.

The company is pre-revenue and continues to rely on equity placements, government grants (AUD 49M Modern Manufacturing Initiative grant, AUD 2.63M R&D refund, AUD 14.7M milestone payment), and prospective debt facilities (USD 31M US EXIM Bank Letter of Interest) to fund development. In February 2024, AVL completed a AUD 217 million merger with Technology Metals Australia, consolidating two major Australian vanadium assets. The company is led by CEO Graham Arvidson, with a board chaired by Cliff Lawrenson, and holds market capitalisation of approximately AUD 82.63 million as at May 2026.

Name

Australian Vanadium

Legal name

Australian Vanadium Limited

Website

https://australianvanadium.com.au

Company type

Public

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Australian Vanadium Limited (ASX: AVL) is a Perth-based vertically integrated vanadium developer pursuing a pit-to-battery strategy — mining and processing vanadium ore at Gabanintha into high-purity V2O5 and electrolyte, and deploying vanadium flow battery systems via subsidiary VSUN Energy to steel mills, miners, utilities, and government clients.

Ownership category

akta.pro rank

Product category

Vanadium Mining and Battery Materials

NAICS

Other Basic Inorganic Chemical Manufacturing (325180), Battery Manufacturing (33591)

SIC

Industrial Inorganic Chemicals (2810)

akta.pro primary industry

Battery Materials Refining & Re-Manufacturing Feedstocks (Li, Ni, Co, Mn, Graphite Salts) (EUAIAIAJ)

akta.pro secondary industry

Battery Recycling, Second-Life & Remanufacturing (IMAGAHAL)

Keywords

• Vanadium mining
• Vanadium pentoxide production
• Vanadium electrolyte manufacturing
• Vanadium flow batteries
• Long-duration energy storage

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Infrastructure, Technology or R&D, Personnel, Operations, Marketing or Sales

Revenue model

1. Vanadium pentoxide (V2O5) sales: AVL plans to produce approximately 11,000 tpa of vanadium pentoxide from its proposed mine and processing facility in the Mid West region of Western Australia, targeting the steel industry and aerospace sector.
2. Iron titanium (FeTi) coproduct sales: AVL plans to produce approximately 900,000 tpa of FeTi coproduct from the Australian Vanadium Project, with an initial term sheet signed with Tianzhu Steel for 50,000 tpa, shipped from Geraldton port to steel mills in China.
3. Vanadium electrolyte sales: AVL's vanadium electrolyte manufacturing facility produces and sells high-purity vanadium electrolyte for vanadium flow batteries, serving both domestic Australian VFB projects and potentially export markets.
4. Vanadium flow battery systems (VSUN Energy): Through subsidiary VSUN Energy, AVL designs, supplies, and installs vanadium redox flow battery (VRFB) standalone power systems, targeting mining operations and remote grid applications seeking 100% renewable energy with 12+ hour long duration storage.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Australian Vanadium is a vertically integrated vanadium producer pursuing a 'pit to battery' strategy. It mines and beneficiates vanadium ore at the Australian Vanadium Project (Gabanintha, Western Australia), producing high-purity vanadium pentoxide (V2O5) and iron-titanium (FeTi) coproduct. The company manufactures battery-grade vanadium electrolyte at its Perth facility and, through wholly-owned subsidiary VSUN Energy, deploys vanadium redox flow battery (VRFB) systems for long-duration energy storage.

Product overview

Australian Vanadium Limited (ASX:AVL) is an emerging vanadium producer with a vertically integrated 'pit to battery' business model. The company operates through its mining projects (Australian Vanadium Project/Gabanintha, Coates, Nowthanna Hill) to extract and process vanadium ore, producing high-purity vanadium pentoxide (99.4%-99.9%), vanadium electrolyte for flow batteries, and FeTi coproduct for the steel industry. Through its 100% owned subsidiary VSUN Energy, AVL designs, installs, and operates vanadium flow battery systems for long-duration energy storage applications. The product portfolio spans from raw mining through manufactured battery components to complete energy storage solutions, with the Australian Vanadium Project planned to produce ~11,000 tpa of V2O5 and ~900,000 tpa of FeTi coproduct, while the Perth electrolyte facility produces battery-ready vanadium electrolyte for domestic and international VFB markets.

Differentiator

Problem solved

Functional benefit

Brands

• VSUN Energy: Wholly-owned subsidiary focused on vanadium flow battery sales, marketing and deployment in Australia.

Products and services

• Australian Vanadium Project (Gabanintha) A globally significant vanadium resource in Western Australia's Mid West region with 182.6 million tonnes at 0.79% V2O5 (JORC-compliant mineral resource), supporting long mine life and downstream manufacturing. Plans to produce approximately 11,000 tpa of vanadium pentoxide and 900,000 tpa of FeTi coproduct. Targeted at steel, alloy, and battery markets.
• VSUN Energy Vanadium Flow Battery Systems Vanadium redox flow battery (VRFB) standalone power systems designed, supplied, and installed through 100% owned subsidiary VSUN Energy. Provides 4-12+ hour long-duration energy storage with minimal degradation over 30+ year asset life. Targeted at mining operations, utilities, and government installations seeking 100% renewable energy solutions.
• Vanadium Pentoxide (V2O5) High-purity vanadium pentoxide produced from the Australian Vanadium Project using a simplified proprietary processing circuit. AVL has achieved 99.4% V2O5 purity with >92% extraction and 99.9% ultra-high purity for high-value specialist markets. Supplied to the steel industry and aerospace sector.
• Vanadium Electrolyte Battery-grade high-purity vanadium electrolyte manufactured at AVL's Perth facility for use in vanadium flow batteries. Vanadium accounts for approximately 50% of VFB capex. Successfully deployed in an Invinity vanadium flow battery in September 2024, marking the first battery use of locally made Australian vanadium electrolyte.
• FeTi Coproduct (Iron Titanium) Iron titanium coproduct produced from Australian Vanadium Project processing, intended for steel and alloy manufacturing. Initial term sheet signed with Tianzhu Steel for 50,000 tpa with option to increase volumes after first year. Iron grades in fresh magnetic concentrate up to 61.0% Fe have been identified.
• VSUN Energy Vanadium Redox Flow Battery Standalone Power System for Mining VRFB-based standalone power system for a mining operation in Western Australia, designed to provide 100% renewable energy to power a water bore pump. Built around an E22-manufactured vanadium redox flow battery with AVL-sourced electrolyte, deployed at IGO Limited's mining site.
• Australian-Made Vanadium Electrolyte in Invinity Battery Deployment of AVL's Australian-made vanadium electrolyte in an Invinity vanadium flow battery, validating AVL's electrolyte quality for international battery systems and demonstrating domestic electrolyte supply for VFB OEMs.
• Horizon Power Vanadium Flow Battery Pilot Long-duration vanadium flow battery pilot deployed in Kununurra, Western Australia, with Horizon Power, supported by the WA State Government. Uses AVL's vanadium electrolyte to test VFB viability in extreme conditions and remote grid applications.

Quantifiable outcome

• Vanadium concentrate grades up to 1.51% V2O5 achieved, confirming near-surface high-grade opportunities that can improve early mine-life economics
• +4 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Sumitomo Electric Industries LtdcoreStrategic or Co-development Partner · 3 June 2026Japanese conglomerate Sumitomo Electric has partnered with AVL in a consortium to bid on the Western Australian government's 50-MW vanadium flow battery project in Kalgoorlie and Goldfields, backed by AUD 150M in state grant funding. This consortium positions AVL's domestically sourced vanadium within a major Japanese technology partner's battery system.
• AVESS EnergyminorStrategic or Co-development Partner · 3 June 2026Australia-based AVESS Energy has also expressed interest in participating in the Western Australian government's competitive tender for the 50-MW vanadium flow battery project, competing alongside the AVL-Sumitomo consortium.
• Horizon PowercoreStrategic or Co-development Partner · 19 November 2024Horizon Power is piloting AVL's vanadium flow battery technology in Kununurra, Western Australia, as part of a long-duration storage trial supported by the WA State Government. AVL's electrolyte is being used in this trial, which tests VFB viability in extreme conditions and remote grids.
• Invinity Energy SystemscoreTechnology or Integration · 16 September 2024AVL's high-purity vanadium electrolyte was successfully deployed in an Invinity vanadium flow battery in September 2024, marking the first battery use of Australian-made vanadium electrolyte. This milestone validates AVL's electrolyte quality for international battery systems.
• Primero Group LtdcoreImplementation/ SI/ Consulting Partner · 6 December 2022Primero Group Ltd was appointed alongside GR Engineering Services to undertake a dual-party Early Contractor Involvement (ECI) process for the Australian Vanadium Project's Crushing, Milling and Beneficiation plant EPC package. The ECI process runs through Q2 2023 with each company developing an EPC tender proposal.
• GR Engineering Services LtdcoreImplementation/ SI/ Consulting Partner · 6 December 2022GR Engineering Services Ltd was appointed alongside Primero Group to undertake Early Contractor Involvement (ECI) for the project's Crushing, Milling and Beneficiation plant EPC package, contributing engineering and construction expertise.
• Mining Green Metals Limited (MGM)minorStrategic or Co-development Partner · 15 September 2022Option agreement signed with MGM to acquire the Coates Project (vanadium, PGE, nickel, copper), subject to MGM listing on ASX. AVL retains a shareholder position upon MGM's listing, maintaining exposure to the project's exploration success.
• Tianzhu Steel (via Wingsing International Limited)coreStrategic or Co-development Partner · 1 September 2022AVL signed a conditional term sheet with Tianzhu Steel's commercial arm Wingsing International for the sale of iron titanium (FeTi) coproduct. Initial volume of 50,000 tpa with option to increase after first year. Tianzhu Steel operates a 5 mtpa steel mill in Hebei Province, China. This is a key commercial milestone confirming market interest in the FeTi coproduct as AVL develops its customer base in China and Southeast Asia.
• IGO LimitedcoreStrategic or Co-development Partner · 20 June 2022VSUN Energy (AVL's 100% owned subsidiary) is delivering the first VRFB-based standalone power system for IGO Limited's mining operation in WA, targeting 100% renewable energy to power a water bore pump. Project is partly funded by a $3.69M MMI grant. This project showcases VFB technology for the mining sector.
• E22 (Spain)coreTechnology or Integration · 20 June 2022E22 is the VRFB manufacturer from Spain selected to supply the battery systems for the VSUN Energy/IGO standalone power system project. AVL sources the electrolyte from its Perth facility and E22 provides the battery hardware.
• Chengdu steelmaker (China)coreStrategic or Co-development Partner · 26 June 2018AVL signed a strategic MOU with a major Chinese steel and alloy company based in Chengdu for potential offtake and finance deal discussions for the Gabanintha vanadium project. This represents a win-win offtake-finance partnership structure targeting China's steel sector.
• Gildemeister (CellCube)minorChannel Partner/ Reseller/ Distributor · 11 April 2016AVL signed a dealership agreement with Gildemeister to sell CellCube vanadium flow batteries in Australia, providing early channel access for VFB deployment in the Australian market through VSUN Energy.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Bushveld Minerals: Bushveld is a primary vanadium mining and processing company with operations in South Africa, and has also pursued downstream vanadium electrolyte and VRFB exposure, closely mirroring AVL's vertical integration model.
• Invinity Energy Systems: Invinity is a leading vanadium flow battery manufacturer whose systems already use AVL-supplied electrolyte. Comparable as a downstream VRFB systems integrator addressing long-duration storage markets.
• VRB Energy: VRB Energy is a global vanadium redox flow battery developer and project developer with installations across China, Africa and North America, competing in the same grid-scale long-duration storage market as VSUN Energy.
• Enerox (CellCube): Enerox, the company behind the CellCube brand, is a European vanadium flow battery manufacturer with which AVL previously held an Australian dealership agreement, making it a direct VRFB systems competitor.
• Largo Resources: Largo is a pure-play vanadium producer operating the Maracás Menchen mine in Brazil and a vanadium redox flow battery business (Largo Clean Energy), making it the closest comparable to AVL's pit-to-battery strategy.

Broad incumbents

• Fluence Energy: Fluence is a global grid-scale energy storage systems integrator, competing against VRFBs with predominantly lithium-ion solutions; relevant as the dominant incumbent in the addressable market that AVL's VFBs target.
• Energy Fuels: Energy Fuels is a US-based critical minerals producer with growing vanadium output from its Utah operations alongside uranium and rare earths, offering overlapping vanadium exposure but as part of a much broader minerals portfolio.
• Sumitomo Electric Industries: Sumitomo Electric is a major Japanese conglomerate with one of the world's most deployed VRFB product lines and is AVL's consortium partner for the Kalgoorlie tender, making it a relevant incumbent in long-duration storage systems.

Regional players

• Neometals: Neometals is an Australian battery materials company focused on lithium, nickel and vanadium recovery (including the AVL-adjacent Barrambie project), making it a comparable critical minerals/battery materials developer in the same Australian ecosystem.
• Vanadium Resources (VR8): Vanadium Resources is an Australian-listed developer of the Steelpoortdrift vanadium project in South Africa, providing a regional peer in vanadium project development targeting steel and battery markets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/AusVanadium
• LinkedInlinkedin.com/company/australian-vanadium-ltd
• Facebookfacebook.com/australianvanadium

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors1 record

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M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Australian Vanadium