Date:May 31, 2018
Technology Metals Australia has proven its Gabanintha project can produce a high purity vanadium pentoxide product of over 99 per cent using low-cost conventional processing methods.
Benchmark vanadium pentoxide pricing is based on a 98 per cent purity product. The high purity of product at Technology Metals’ (ASX:TMT) Gabanintha project may enable it to receive premium pricing.
Downstream processing testwork focused on the extraction of vanadium pentoxide from magnetic concentrates utilising conventional salt roast/water leach processing, confirming that the processing route can deliver a high purity vanadium product at Gabanintha.
Previous testwork has definitively shown that magnetic concentrates produced from all zones of the massive magnetite and the fresh disseminated magnetite are amenable to this conventional processing route.
Managing director Ian Prentice said the outcome confirms the “extremely high quality of the Gabanintha vanadium deposit and the scope to deliver a premium product direct from the mine gate”.
Come June, Technology Metals will be one of only a few ASX-listed companies that will have completed a full pre-feasibility study on an Australian vanadium project, placing it ahead of the majority of its peers.
The company’s main focus is its Gabanintha vanadium project in the mid-west region of Western Australia — said to be one of the highest-grade vanadium deposits in the world.
Technology Metals aims to supply high-quality vanadium to steel producers and the emerging market for vanadium redox flow batteries (VRBs).
