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Technology Metals Australia Ltd.
Summary
| Project: | Gabanintha | |
|---|---|---|
| Deposit: | Southern | |
| Location: | Australia | |
| Commodities: | Aluminium-Vanadium-Iron-Silica-Titanium | |
| Date: | 7/1/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 1-7-2020: Technology Metals Australia Ltd. announces a Resource Estimation report for its Southern deposit at the Gabanintha project. Initial Resource Estimate for Southern Tenement at Gabanintha. Technology Metals Australia Limited (ASX: TMT) (“Technolog | |
| Resources: | (Reserve, P+P): 29.6Mt @ 0.88% V2O5 at project | |
| CP/QP: | [Resource] Grant Louw (CSA Global Pty Ltd.) | |
| ABSTRACT: | Technology Metals Australia Limited (ASX: TMT) (“Technology Metals” or the “Company”) is pleased to announce the completion of the upgrade of the Southern Tenement Mineral Resource estimate (“MRE”) and delivery of the maiden Indicated Mineral Resource for the Southern Tenement at the Gabanintha Vanadium Project (“Project” or “GVP”). The Southern Tenement was not included in the very high quality definitive feasibility study (“DFS”) on the development of the globally significant GVP, which had an initial 16 year Project life. The maiden Indicated Mineral Resource estimate for the Southern Tenement represents a 32% increase to the Project Measured and Indicated Resource estimate, providing clear scope to deliver a material increase to the Project life. Managing Director Ian Prentice commented; “The Southern Tenement resource update is very pleasing given the high proportion of material classified in the Indicated category and the opportunity this provides to materially extend the initial life of this lowest cost quartile, large scale, long life World class development project. A targeted initial project life of +20 years is expected to be viewed favourably by prospective Project financiers, strategic partners and key stakeholders.” | |
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