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Technology Metals Australia Ltd.
Summary
| Project: | Gabanintha | |
|---|---|---|
| Deposit: | Gabanintha | |
| Location: | Australia | |
| Commodities: | Vanadium-Titanium-Iron-Aluminium-Silica | |
| Date: | 6/13/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-6-2017: Technology Metals Australia Ltd. announces a Resource Estimation report for its Gabanintha deposit at the Gabanintha project. Initial Inferred mineral resource estimate for Gabanintha. Technology Metals Australia Limited (ASX: TMT) (“Technology | |
| Resources: | (Resource, Inf.): 62.8Mt @ 0.8% V2O5, 35.9% Fe, 10.8% Al2O3, 18.35 SiO2, 9.7% TiO2 at project | |
| CP/QP: | [Resources]: Galen White (CSA Global Pty Ltd.) | |
| ABSTRACT: | Technology Metals Australia Limited (ASX: TMT) (“Technology Metals” or the “Company”) is pleased to announce outstanding results for the maiden inferred resource (“Resource”) estimate, reported in accordance with the JORC Code 2012, at its Gabanintha Vanadium Project (“Project”). The Resource estimation was completed by independent geological consultants CSA Global and was based on data from the Company’s 36 hole RC drilling program completed on the Northern Block of tenements at the Project. The Northern Block of tenements and the Resource are contiguous with the northern extent of Australian Vanadium Limited’s (ASX: AVL) Gabanintha Vanadium Project’s resource1 and conceptual open pit2 (see Figure 1). The Resource estimate includes an outstanding high grade component of 29.5Mt at 1.1% V2O5 and 12.6% TiO2 contained within the highly continuous and consistently mineralised massive magnetite basal zone within the mineralised layered mafic igneous unit. The high grade nature of this portion of the resource confirms the position of the Project as one of the highest grade vanadium projects in the world. The overall resource of 62.8Mt at 0.8% V2O5 and 9.7% TiO2 includes up to five (5) medium grade lodes located up dip from the high grade massive magnetite basal zone. These medium grade lodes may have a materially positive impact on potential project economics via providing a low open pit strip ratio. | |
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