The project plans to construct an open-pit mine and concentrator at Gabanintha, and a processing plant at Tenindewa, producing vanadium concentrates, high-purity vanadium oxides, and iron concentrates as by-products, which will be exported through the Geraldton Port. AVL is currently conducting an optimized feasibility study to enhance the economic benefits of the integrated project. Meanwhile, the company is applying for EPA approval for the southern end mining area, which, due to its higher grades of vanadium and iron concentrates, is prioritized for initial mining. The project will strongly support the Australian government's "Made in Australia Future" plan, assisting in the transition to a net-zero emission economy and the development of the country's manufacturing industry, and will further promote the development of the local Australian flow battery industry chain.

Western Australia is considered a potential major vanadium resource hub, with abundant mineral deposits. According to publicly available information, several major vanadium projects in Western Australia are at different stages of development: The Gabanintha project is a product of the merger between Australian Vanadium Limited and Technology Metals Australia, and is one of the world's largest vanadium development projects, with a mine life of over 25 years.

Victory Bore project: Surefire Resources' Victory Bore project has an estimated resource of 464.6 million tons with a vanadium content of 0.29%, including 93 million tons of initial ore reserves with a vanadium content of 0.35%.

Canegrass project: Viking Mines' Canegrass project recently estimated a resource of 145.8 million tons with a vanadium content of 0.7%.

In terms of global vanadium reserves, according to USGS data, as of 2022, the global vanadium reserves were 26 million tons, an increase of 8.3% year-on-year, mainly concentrated in China, Australia, Russia, and South Africa. China accounts for 37% of the reserves, Australia for 29%, Russia for 19%, and South Africa for 14%.

In recent years, Australia has made significant progress in the research and application of vanadium flow batteries:

In December 2023, Australian Vanadium Limited (AVL), a vanadium battery energy storage system producer, announced that it had completed the construction of a vanadium electrolyte production facility with an annual output of 33 MWh in the northern suburbs of Perth, the capital of Western Australia.

In September 2024, Australian Vanadium Limited (AVL) announced that it had received a financing support letter of intent from the Export-Import Bank of the US, amounting to as high as 31 million US dollars, for the development and construction of its vanadium project in Western Australia.

In addition, the Clean Energy Council of Australia (CEC) released a research report on the future development of long-duration energy storage, which in-depthly explored the key role of long-duration energy storage technology in Australia's energy structure transformation. The research report pointed out that adiabatic compressed air energy storage systems, with their significant features of large capacity and long duration, have become an important choice to cope with power supply and demand fluctuations. Vanadium flow battery energy storage systems, with their efficient and environmentally friendly characteristics, have shown great application potential in renewable energy grid connection and power peak regulation.

Australia has abundant vanadium reserves, but its production has not yet fully matched its reserve advantages. The approval of AVL's Gabanintha vanadium mine project will greatly increase Australia's vanadium mining output, fully explore the potential resource value, and improve the imbalance between reserves and production. Against the backdrop of long-duration energy storage being highly concerned globally, Australia, with its rich vanadium reserves, technological innovation, and supportive policy infrastructure, is actively engaged in building a complete vanadium flow battery industry chain. Vanadium flow batteries, as one of the important technical paths in the long-duration energy storage field, will be crucial for the stable transformation of Australia's energy structure.