• August 10, 2018

Technology Metals Australia kicks off DFS at Gabanintha and follow-up drilling

Published on August 10th, 2018

Technology Metals Australia Ltd (ASX:TMT) has commenced a definitive feasibility study (DFS) at its Gabanintha Vanadium Project in Western Australia.

The DFS commenced on 31 July 2018 and advances upon the recently completed successful pre-feasibility study (PFS) that highlighted a $850 million post-tax valuation.

The 6,600-metre program will consist of 2,700 metres of diamond drilling and 3,900 metres of reverse circulation (RC) drilling.

TMT’s managing director Ian Prentice said: “This is a very exciting time for the company as we transition from the outstanding PFS result into the DFS stage, aimed at rapidly progressing this globally significant vanadium project along the development pathway.”

High-quality team of consultants

The DFS is being managed and lead by Wave International, an independent resource development and engineering consultant.

Wave will be supported by METS Engineering, CSA Global and Integrate Sustainability.

The DFS is scheduled for completion in the June quarter or 2019.

Source: proactive investors AUSTRALIA

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