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Technology Metals Australia Ltd.

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Summary

Project:

Gabanintha

Deposit:Gabanintha
Location:Australia
Commodities:Vanadium-Titanium-Iron-Aluminium-Silica
Date:1/30/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Feasibility Study
Report details:30-1-2019: Technology Metals Australia Ltd. announces an Exploration/Drilling Update report for its Gabanintha deposit at the Gabanintha project. Drilling results incl. 14.0m @ 1.21% V2O5 from 156m. Technology Metals Australia Limited (ASX: TMT) (“Technol
Resources:(Reserve, Prob.): 16.7Mt @ 0.96% V2O5 for 0.16Mt V2O5 contained
CP/QP:[Overall Report]: Ian Prentice (Internal)
ABSTRACT:Technology Metals Australia Limited (ASX: TMT) (“Technology Metals” or the “Company”) is pleased to announce results of the diamond drilling component from the Northern Block of tenements resource infill and extension drilling program in support of the Definitive Feasibility Study (“DFS”) at its Gabanintha Vanadium Project (“Gabanintha” or “Project”). The resource infill and extension drilling program consisted of 45 holes for 6,730m across the Northern Block of tenements and the Southern Tenement; with nine (9) diamond holes (including four (4) RC pre-collars) in the North Pit area and eight (8) diamond holes in the Central Pit area. The diamond drilling was 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 provide additional geotechnical and metallurgical data. Managing Director Ian Prentice commented; “The results of these diamond drill holes at the Northern Block of tenements at Gabanintha further highlight the scope to materially increase the Indicated Resource component of this globally significant vanadium Project, with a flow on to an expected material increase in the Project reserve as part of the rapidly progressing high quality DFS”. The Gabanintha resource extension and infill drilling program, which consisted of 6,730m of RC and Diamond drilling across 45 holes, was designed to

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