Australian Vanadium Industry
Vanadium is considered a critical mineral—vital for the economic well-being of the world’s major industrial economies and new technologies—yet with supply risk due to issues including geological scarcity, geopolitical issues, and trade policy.
Heightened attention to economic security and supply chain reliability, awareness for responsible sourcing of minerals, and the transition to low carbon targets requiring new technologies including battery storage and EV’s, is leading the Australian minerals industry to leverage its history of effective minerals development. Australia has 45% of the worlds vanadium reserves1, with initial production under development. Although the vanadium market is dominated by use in hardened steel (90%), the consumption for batteries (Vanadium Redox Flow - VRFB) is forecast to grow 20.7% between 2020 and 20292.
BOYD’s Queensland Vanadium Projects Map shows:
- Australia geological regions, basins and select projects.
- Queensland projects located in the sedimentary Toolebuc Formation and details to include:
- Owner.
- Tenement.
- Development status.
- Reported resources and reserves and grades.
- Regional infrastructure.
- Major deposit grade and resource profile.
- Historical and forecast production by use.
- World supply producers and reserves (2023).
BOYD’s geological and mining professionals are currently active in the development of vanadium projects.
1. U.S. Geological Survey, Mineral Commodity Summaries, January 2024 - Reserves for Australia, China, and South Africa based on company and Government reports. For Australia, Joint Ore Reserves Committee-compliant or equivalent reserves were 3 million tons.
2. Department of Industry, Science, Energy and Resources, Commonwealth of Australia, Outlook for Selected Critical Minerals in Australia 2022.
Please complete the form below to request a copy of the Australia Vanadium Map prepared by the John T. Boyd Company. We will review your request and respond accordingly.