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Technology Metals Australia Ltd.
Summary
| Project: | Gabanintha | |
|---|---|---|
| Deposit: | Southern | |
| Location: | Australia | |
| Commodities: | Vanadium-Titanium-Iron-Aluminium-Silica | |
| Date: | 12/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-12-2017: Technology Metals Australia Ltd. announces a Resource Estimation report for its Southern deposit at the Gabanintha project. Initial Mineral Resource for the Southern tenement. Technology Metals Australia Limited (ASX: TMT) (“Technology Metals” | |
| Resources: | (Resource, Inf): 62.8Mt @ 0.8% V2O5, 35.9% Fe, 10.8% Al2O3, 18.3% SiO2, 9.7% TiO2 at Southern | |
| CP/QP: | [Resources]: Aaron Meakin (CSA Global Pty Ltd.) | |
| ABSTRACT: | Technology Metals Australia Limited (ASX: TMT) (“Technology Metals” or the “Company”) is pleased to announce results for the maiden Inferred Mineral Resource (“Resource”) estimate, reported in accordance with the JORC Code 2012, for the Southern Tenement (“Southern Tenement”) area at its Gabanintha Vanadium Project (“Project”). Resource estimation was completed by independent geological consultants CSA Global and was based on data from the Company’s 23-hole reverse circulation (RC) drilling program completed in August 20171. The Mineral Resource estimate for the Southern Tenement of 21.5 Mt at 0.9% V2O5 and 10.1% TiO2 includes an outstanding high grade component of 10.4 Mt at 1.1% V2O5 and 12.6% TiO2 contained within the highly continuous and consistently mineralised massive magnetite zone. The Southern Tenement is located approximately 9 km to the south east of the Northern Block of tenements (“Northern Block”), which hosts an Inferred Mineral Resource of 62.8 Mt at 0.8% V2O5 and 9.7% TiO2 (including a high grade component of 29.5 Mt at 1.1% V2O5 and 12.6% TiO2) and covers the same mineralised layered mafic igneous unit (see Figure 1). CSA Global has now progressed to updating the Mineral Resource estimate for the Northern Block, which importantly is expected to include a portion reported in the Indicated Mineral Resource category, aimed at delivering a global Mineral Resource for the Project. | |
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