The exploration licence covers a vanadium deposit discovered in the 1960s.
Australian Vanadium (ASX:AVL) has been granted an exploration licence over the historical Coates vanadium deposit located 35 kilometres east of Perth in Western Australia.
Exploration at Coates was undertaken in the 1970s after its discovery in the early 1960s and previous metallurgical test work produced favourable results.
Historical mine planning was also completed although not undertaken.
Vincent Algar, managing director, commented: “It was a nice surprise to find this historical vanadium deposit in Western Australia.