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Technology Metals Australia leveraged to growth of vanadium flow battery markets

Technology Metals Australia (ASX:TMT) executive director Ian Prentice discusses with Proactive Investors, key developments in the vanadium market, and progress with the company's flagship Gabanintha Vanadium Project in Western Australia.

Prentice recently completed a China road trip where he met with "all the major players in the Chinese vanadium industry... We can see a fantastic opportunity in this marketplace. The vanadium market is screaming out for new supplies."

At Gabanintha, definitive feasibility study (DFS) planning is well underway, with a target start date of August 1st. The company last week announced the acquisition of a neighbouring tenement, which Prentice says, "it just gives us a bit more flexibility around our operations, a bit more optionality on where we can place our infrastructure. It's a really key location next  door to the area where our main open pit's going to be. It adds a lot of value to the longer term life of the operation."

Quick facts: Technology Metals Australia Ltd

Price: 0.425 AUD

ASX:TMT
Market: ASX
Market Cap: $52.36 m
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Technology Metals Australia's Ian Prentice talks 'major breakthrough' at...

Technology Metals Australia Ltd's (ASX:TMT) Ian Prentice speaks to Proactive's Andrew Scott after signing a non-binding letter of intent (LOI) with Sinosteel Australia Pty Ltd for life of mine (LOM) offtake from its Yarrabubba Iron-Vanadium Project, a satellite project to the Gabanintha Vanadium...

on 26/10/20

2 min read