Vanadium project developer AVL (ASX:AVL) has launched a green hydrogen strategy for its flagship Australian Vanadium project in WA.

The Yarrabubba Project has demonstrated the ability to produce a premium high-grade iron-vanadium magnetic concentrate product which will reduce funding and implementation risk for the Gabanintha Vanadium Project.

Vanadium was a hot commodity a couple of years ago as prices rose and the energy storage narrative took off, but since then sentiment surrounding the metal has largely cooled.

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A Preliminary Environmental Assessment report has also been completed with the JV partners reviewing costs and timing for the advancement of a definitive feasibility study.

The company has produced premium iron-vanadium concentrate at its Yarrabubba Iron-Vanadium Project and has signed a non-binding LOIwith Sinosteel Australia for life of mine offtake as well as an EPC contract.

The company's DFS for the Gabanintha project proposes to use natural gas as the heating energy in the roasting kiln and other parts of the process circuit and for electricity generation.

APA’s proposed greenfields pipeline provides a more cost-effective and efficient energy supply solution for the project than originally included in the DFS.