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Technology Metals Australia Ltd

Technology Metals Australia upgrades vanadium resource as DFS progresses

Technology Metals Australia Ltd (ASX:TMT) managing director Ian Prentice speaks to Proactive Investors about the 39% increase in Northern Block mineral resources at the company's Gabanintha Vanadium Project in Western Australia.
 
The project's global resource now amounts to 131 million tonnes at 0.9% vanadium pentoxide, including a high-grade component of 71.2 million tonnes at 1.1% vanadium and 12.7% titanium contained within the consistently mineralised massive magnetite zone.
 
Prentice says such a grade is world-class and shows the potential for a long-tenured vanadium project.
 
He adds that vanadium prices have now moderated to a level that minimises the temptation for buyers to turn to niobium as a substitute.

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Price: $0.18

Market: ASX
Market Cap: $15.32 m
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Full interview: Technology Metals Australia's DFS reveals high-value,...

Technology Metals Australia Ltd (ASX:TMT) executive director Ian Prentice updates Proactive Investors on the DFS results from its Gabanintha Vanadium Project in WA, which has ascribed the project a valuation pre-tax of A$1.32 billion.    Prentice said the study results...

4 weeks ago

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