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Technology Metals Australia progressing Gabanintha with drilling and test work

Technology Metals Australia Ltd (ASX:TMT) executive director Ian Prentice updates Proactive Investors on the company’s ongoing development of its Gabanintha Vanadium Project in Western Australia.

Significant progress is being made on a definitive feasibility study (DFS) for Gabanintha, on track for completion in the June quarter of 2019.

The DFS includes drilling aimed at expanding the indicated mineral resource within the global mineral resource estimate of 119.9 million tonnes at 0.8% vanadium pentoxide and 9.7% titanium dioxide.

Recent metallurgical test work has also achieved an impressive high purity 99.53% vanadium pentoxide from Gabanintha ore, providing further confidence for the DFS.

Quick facts: Technology Metals Australia Ltd

Price: 0.38 AUD

Market: ASX
Market Cap: $56.77 m

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on 7/12/20

2 min read