UPS looks over Coates

AUSTRALIAN Vanadium has signed a joint venture agreement with vertically integrated electrochemical processing and energy storage technology company Ultra Power Systems to develop the Coates vanadium project on the edge of Western Australia’s Wheatbelt.

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A map of Coates

Under the agreement UPS will have the right to earn a 49% legal and beneficial interest in the tenement hosting the Coates deposit by paying a $5,000 signing fee, then spending $50,000 on exploration