Technology Metals Australia upgrades vanadium resource ahead of DFS

    Published on March 29th, 2019

    Technology Metals Australia Ltd (ASX:TMT) expects to release Gabanintha Vanadium Project’s definitive feasibility study mid-year. It has upgraded the measured and indicated resource for the Northern Block by 39% to 30.1 million tonnes at 0.93% vanadium pentoxide.

    The global resource for Technology Metals Australia Gabanintha Vanadium Project in Western Australia is now 131 million tonnes at 0.9% vanadium pentoxide after adding the resource estimate for the Southern Block.

    The resource estimation was completed by geological consultants CSA Global based on data from TMT’s 2017 and 2018 reverse circulation (RC) and diamond drilling programs.

    The 2018 resource infill and extension drilling program consisted of 45 holes for 6,730 metres across the Northern Block of tenements and the Southern Tenement, with a focus on expanding the indicated resource in the Northern Block of tenements.

    Data from the bulk sample diamond drilling in the North Pit area (21 diamond drill holes for 1,483.4 metres) has also been used in the resource estimation.

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    SOURCE: PROACTIVEINVESTORS AUSTRALIA
    DATE: MARCH 29, 2019

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