Australian Vanadium (ASX:AVL) updated the scope of the optimized feasibility study in response to favourable government policy shifts to assess commercial-scale aerospace, defense, and advanced manufacturing product capability within the Australian Vanadium project's project design, according to a Thursday Australian bourse filing.

The company said its targeted approach is designed to position the project to service the existing steel market along with the growing vanadium flow battery and high-purity critical minerals markets, minimizing the need for possible post-study reconfiguration.

The completion of the rescoped study, inclusive of high-purity integration, is targeted in the second half of the year with no expected material impact on the project's current critical path to financing and construction.