Atlantic Vanadium Pty Ltd

Atlantic is the 100% owner of the world class Windimurra vanadium project in the Mid West region of Western Australia. Atlantic recently completed a definitive feasibility study (DFS) for the development of the Windimurra vanadium project. The study focused on engineering upgrades to the existing plant and infrastructure to successfully develop and operate the project over a long mine life. The DFS confirmed the robust technical and financial parameters of the Windimurra project. At a capital cost of A$213 million, Windimurra will have an initial mine life of 31 years and is expected to produce approximately 7,600 tonnes per annum of high purity vanadium pentoxide flake (V2O5) at steady state. With the benefit of the significant process plant and infrastructure already in place at Windimurra and all approvals necessary for the development secured, Windimurra is well positioned to become the world's next major vanadium producer.