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BRIEF-Australian Vanadium updates on Blesberg Lithium-Tantalum project acquisition

Published 04/11/2016, 08:34 am
Updated 04/11/2016, 08:40 am
© Reuters.  BRIEF-Australian Vanadium updates on Blesberg Lithium-Tantalum project acquisition
AVL
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Nov 4 (Reuters) - Australian Vanadium Ltd AVL.AX

* Secures option to acquire a minimum 50.03% interest in blesberg lithium-tantalum project in south africa

* Consideration on exercise of option consists of 70 million avl shares, 80 million performance rights over 2 milestones, conditional 1.0% net smelter return royalty

* Blesberg lithium-tantalum project acquisition-avl.ax Source text for Eikon: ID:nASX52s4XL Further company coverage: AVL.AX

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