• WA Minister for Environment has provided approval of the Gabanintha Vanadium Project
• Approval sets conditions in line with initiatives proposed by the Company
• Approval marks a major milestone for the Company, advancing the Project towards construction and production

Australian Vanadium Limited (ASX: AVL) has announced that the Western Australian Minister for Environment, the Hon. Reece Whitby MLA, has approved under section 45 of the Environmental Protection Act 1986 (WA) the implementation of a proposal made by AVL's wholly owned subsidiary Technology Metals Australia Pty Ltd (TMT) relating to EPA Report 1755 for the Gabanintha Vanadium Project, which now forms part of the Australian Vanadium Project. Implementation is subject to the conditions set out in Ministerial Approval Statement Number 1242, which are both customary and consistent with initiatives proposed by TMT and acceptable to AVL. The decision provides EPA approval for the original Gabanintha Vanadium Project, comprising mine, concentrator, processing plant, and other key infrastructure including bore field and camp. AVL continues work on an Optimised Feasibility Study (OFS) to incorporate the Gabanintha Vanadium Project into the Company's Australian Vanadium Project as part of its strategic objective to develop a larger consolidated project with improved economics. AVL's Chief Executive Officer, Graham Arvidson, commented that this approval marks a major milestone for the Company, advancing the Project towards construction and production while strengthening the Company's confidence in securing the remaining approvals needed to move forward with the consolidated Australian Vanadium Project.

AVL continues work to obtain EPA approvals for the southern end of the orebody, covering Mining Leases M51/878 and M51/884 and Mining Lease Application M51/897, which has been identified as the preferred location for initial mining due to higher vanadium and iron concentrate grades and favourable weathering attributes for economic mining.