Bankable Feasibility Study

As part of its accelerated project development activities, RVT appointed experienced study manager Peter Hedley as the Project Director for the Company’s Bankable Feasibility Study (“BFS”) in March 2023.

A BFS is an essential part of the pathway of any project to production.  It will consider all aspects of the project including the amount and grade of the minerals, availability and cost of utilities such as power and water, construction costs of plant and associated infrastructure as well as the cost to produce the end product along with the value to customers.  All of these factors plus many more are reviewed to determine the likelihood of success of the project

The BFS will build on the positive outcomes achieved in the Pre-Feasibility Study and will be conducted in parallel with the Environmental Impact Statement.

Following this, international multi-disciplinary engineering, project delivery and operations management group DRA Global was appointed as engineering services consultant in June 2023.  DRA has delivered a number of significant projects in Australia and overseas across a diverse range of commodities including vanadium and this experience and their close collaboration is invaluable as the BFS moves towards completion by Q4 2024.