Highlights

  • The project is 100 per cent owned and sits between Richmond and Julia Creek in North Queensland.
  • RKP director Min Tang visited Australia with RVT Executive Chair Brendon Grylls, with meetings in Western Australia and Queensland.
  • Consideration is up to A$160,000 in RVT shares at A$0.095 per share, subject to shareholder approval and other conditions.
  • Completion is therefore conditional, and the permit is not in the 30 September tenement schedule.

Richmond Vanadium Technology (ASX:RVT) has reported in its September 2026 quarterly report that it submitted a revised Preliminary Draft Environmental Impact Statement for the Richmond-Julia Creek Vanadium Project to the Queensland Office of the Coordinator-General on 10 September 2026. The submission followed work on mine planning, scheduling, layout, geotechnical and geochemical assessments, environmental and habitat surveys, and draft offset and rehabilitation plans. It is a step in the approvals process, not an approval.

The Project

The project is 100 per cent owned and sits between Richmond and Julia Creek in North Queensland. It comprises five exploration permits covering about 1,403 square kilometres, plus mining lease application MLA 100408 over part of one permit. The company describes Lilyvale as the principal focus of current assessment and approvals work.

Approvals Pathway

The Coordinator-General's office and State and Commonwealth agencies are reviewing the document against the project's terms of reference, and may ask for further information or amendments. RVT indicates draft EIS public notification may occur in the first quarter of calendar 2027, but states this is not a fixed milestone or guaranteed start date.

Collaboration And The Tenement Acquisition

Activity continued under the binding collaboration and project development agreement with RKP Global Limited. RKP director Min Tang visited Australia with RVT Executive Chair Brendon Grylls, with meetings in Western Australia and Queensland. The business states this informed evaluation of downstream and energy storage opportunities, but the report records no new downstream commitment or investment decision.

After the quarter, on 22 October 2026, RVT announced an agreement to acquire a 100 per cent interest in exploration permit EPM 28573 from Boomarra Minerals. Consideration is up to A$160,000 in RVT shares at A$0.095 per share, subject to shareholder approval and other conditions. Completion is therefore conditional, and the permit is not in the 30 September tenement schedule. RVT says it supports approvals and assessment for the project, including the mining lease application.

Cash And Funding

The Appendix 5B shows cash of A$3.49 million at 30 September 2026, down from A$4.819 million at 1 July. Net operating cash outflow was A$590,000, made up of A$160,000 of staff costs and A$433,000 of administration and corporate costs, less A$32,000 of interest received and other items. Investing outflow was A$739,000, mainly A$750,000 of exploration and evaluation payments. There were no financing flows and no customer receipts. Related party payments were A$55,000, comprising executive remuneration and non-executive director fees.

The company has no loan or credit facilities. The report estimates 2.6 quarters of funding, calculated as A$3.49 million against A$1.34 million of operating and exploration outgoings. RVT says it is evaluating funding options and managing expenditure, and that no funding commitment is implied. No raising has been announced in the report.

Corporate Matters

Its annual general meeting is scheduled for 26 November 2026 at 1.00pm AEST in Brisbane, with online voting. Resolutions cover director and remuneration matters, capital management, the Boomarra consideration shares and Constitution amendments. All resolutions are subject to shareholder approval.

Risks And Next Steps

The report does not provide a final development configuration, a customer agreement, a downstream investment decision or operating economics. Approvals may be delayed or conditioned, and forward-looking statements carry a disclaimer that results may differ materially. Stated next steps are review of the statement by the Coordinator-General and agencies, any decision on its next stage, possible draft EIS notification in early 2027, the 26 November 2026 meeting, and completion of the Boomarra acquisition.