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Technology Metals Australia Ltd.
Summary
| Project: | Gabanintha | |
|---|---|---|
| Deposit: | Gabanintha | |
| Location: | Australia | |
| Commodities: | Vanadium-Titanium-Iron-Aluminium-Silica | |
| Date: | 6/21/2018 | |
| Report Code: | JORC | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 21-6-2018: Technology Metals Australia Ltd. announces a Pre-Feasibility Study report for its Gabanintha deposit at the Gabanintha project. PFS results incl. post-tax NPV of A $850M (8%), IRR of 43%, 13 yr LOM and Initial ore reserve. Technology Metals Aus | |
| Resources: | (Reserve, Prob.): 16.7Mt @ 0.96% V2O5 for 0.16Mt V2O5 contained | |
| CP/QP: | [Overall Report]: Daniel Grosso, Karl van Olden (CSA Global Pty Ltd.) | |
| ABSTRACT: | Technology Metals Australia Limited (ASX: TMT) (“Technology Metals” or the “Company”) is pleased to announce the results of the pre-feasibility study (“PFS”) on its 100% owned Gabanintha Vanadium Project (“Gabanintha” or “Project”). Details of the PFS are attached, including the PFS Report Executive Summary as an Appendix to this release, with key highlights summarised in the table below. Managing Director Ian Prentice commented; “This is an outstanding result for the technically robust, extremely high quality Gabanintha Project in a vanadium market environment that is desperate for injection of new production, with considerable upside expected from the work to be completed during the upcoming Definitive Feasibility Study” Wave International (“Wave”), an independent resource development / engineering consultant has, as the lead consultant supported by a range of industry leading consultants with considerable expertise in their fields, completed the Gabanintha PFS on behalf of the Company. Wave was engaged to manage the PFS with the scope to develop the processing flowsheet, complete basic plant engineering and site / infrastructure assessments, specify and quote on major long lead items, provide capital and operating cost estimates to the pre-feasibility study and generate a Project financial model. The PFS has been developed to a confidence level of -15% to +25%. The other consultants involved in the preparation of the PFS included: | |
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