Australian Vanadium Industry
Vanadium is listed as a critical mineral in Australia and by several major trading partners because of its role in high-strength steels, specialty alloys, chemicals and energy storage applications1, 4. Its criticality is driven less by geological scarcity than by mine production and processing, by-product and co-product supply exposure, price volatility, trade policy risk, limited substitution in some end uses, and the need for high-purity feedstock for battery applications4, 5.
Australia has a globally significant vanadium endowment: Geoscience Australia’s AIMR 2025 reports 10.173 Mt of vanadium Economic Demonstrated Resources and 1.683 Mt of vanadium Ore Reserves, and ranks Australia first globally for vanadium economic resources, with 51% of the world total as at 31 December 20242, 3. Australia currently has no operating vanadium mines and no reported domestic mine production in the latest Geoscience Australia and USGS summaries2, 4. Metallurgical use remains the dominant market for vanadium, primarily as an alloying addition in steel, while vanadium redox flow batteries (VRFB) are attracting increased attention for medium- to long-duration grid storage because of their operational safety, long cycle life and suitability for stationary renewable energy applications4. VRFB market forecasts are positive, indicating annual growth in the mid-teen to mid-20% range through 2030, but adoption remains constrained by capital costs, competition from alternative battery chemistries, and the availability of high-purity vanadium feedstock4.
BOYD’s Australian Vanadium Projects Map shows:
- Australia geological regions, basins and select projects
- Queensland projects located in the sedimentary Toolebuc Formation and Western Australian projects located in the Yilgarn Block with details including:
- Owner
- Project location
- 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] Australian Government, Department of Industry, Science and Resources, Australia’s Critical Minerals List and Strategic Materials List, updated 20 February 2024.
[2] Geoscience Australia, Australia’s Identified Mineral Resources 2025, published 2026.
[3] Geoscience Australia, AIMR 2025 World Rankings.
[4] U.S. Geological Survey, Mineral Commodity Summaries 2026: Vanadium.
[5] International Energy Agency, Global Critical Minerals Outlook 2025.
Please complete the form below to request a copy of the Australian Vanadium Projects Map prepared by the John T. Boyd Company. We will review your request and respond accordingly.