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Technology Metals Australia Ltd.
Summary
| Project: | Gabanintha | |
|---|---|---|
| Deposit: | Gabanintha | |
| Location: | Australia | |
| Commodities: | Vanadium-Titanium-Iron-Aluminium-Silica | |
| Date: | 12/20/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 20-12-2018: Technology Metals Australia Ltd. announces an Exploration/Drilling Update report for its Gabanintha deposit at the Gabanintha project. Drilling results incl. 61.0m @ 0.84% V2O5, from 140m. BACKGROUND Technology Metals Australia Limited (ASX: T | |
| Resources: | (Reserve, Prob.): 16.7Mt @ 0.96% V2O5 for 0.16Mt V2O5 contained | |
| CP/QP: | [Overall Report]: Ian Prentice (Internal) | |
| ABSTRACT: | BACKGROUND Technology Metals Australia Limited (ASX: TMT) (“Technology Metals” or the “Company”) is pleased to announce further assay results from the recently completed Project enhancement drilling program in support of the Definitive Feasibility Study (“DFS”) at its Gabanintha Vanadium Project (“Gabanintha” or “Project”). The Project enhancement drilling program consisted of 45 holes for 6,730m across the Northern Block of tenements and the Southern Tenement; consisting of nine (9) diamond holes (including four (4) RC precollars) in the North Pit area, eight (8) diamond holes and sixteen (16) RC holes in the Central Pit area, and four (4) diamond holes and eight (8) RC holes in the Southern Tenement. Drilling was specifically designed to infill and extend the Northern Block Mineral Resource estimate in the North and Central Pit areas, aimed at increasing the Indicated Mineral Resource category / Probable Reserve estimate, and upgrade part of the Southern Tenement Inferred Mineral Resource estimate to the Indicated Resource category. Managing Director Ian Prentice commented; “Gabanintha drilling results continue to confirm the strength of this globally significant vanadium Project with a material increase to the Global Resource, and more importantly the Indicated Resource component, early in 2019 as part of the rapidly progressing high quality DFS”. | |
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