Tivan Limited (ASX:TVN) Achieves High-Purity Vanadium Specification
High-Purity Vanadium Production
Tivan Limited (ASX: TVN) has successfully completed a testwork program at its Speewah Vanadium Project, achieving a remarkable high-purity vanadium pentoxide (V2O5) grade of 99.86%. This was accomplished without employing solvent extraction methods. The testwork aimed to evaluate the commercial viability of developing a pathway from Speewah ore to vanadium flow batteries.
Vanadium Electrolyte Program Development
The high-purity V2O5 produced will be utilised for vanadium electrolyte (VE) preparation and testing at the University of New South Wales. The focus of this testing is to meet the specifications required by Sumitomo Electric Industries. Results from these tests are anticipated in the first quarter of the year.
Tivan is also assessing two distinct vanadium processing technology pathways: the TIVAN+ technology in partnership with CSIRO and a conventional salt roast process. Preliminary results from both options have been positive, offering substantial development flexibility and options going forward.
Executive Comments
Tivan Executive Chairman, Grant Wilson, remarked, “The outstanding testwork results… confirm Speewah’s status as Australia’s premier VTM resource… We will continue to advance the project development pathway.” He emphasised the advantages of the Speewah Project’s high vanadium grade and supportive infrastructure, outlining their commitment to overcoming the challenges in developing this vanadium resource.
Future Plans
The successful production of high-purity V2O5 marks a significant step for Tivan as it continues to refine the processes for future operations. The company is making strides toward optimising processing parameters to enhance overall vanadium yield in subsequent testwork phases. As collaboration opportunities are explored with third-party entities regarding the TIVAN+ technology, Tivan aims to strengthen its market position ahead of potential project developments.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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