Date: Apr 02, 2019
HIGHLIGHTS:
1. MEASURED AND INDICATED MINERAL RESOURCE ESTIMATE INCREASED BY 39% TO 30.1MT AT 0.93% V2O5 (JUNE 2018 PFS HAD 13 YR MINE LIFE ON 21.6MT INDICATED RESOURCE).
2. GLOBAL HIGH GRADE MINERAL RESOURCE ESTIMATE INCREASED BY 29% TO AN OUTSTANDING 71.2MT AT 1.1% V2O5.
3. MAIDEN BASE METAL RESOURCE ESTIMATE DEFINED ASSOCIATED WITH FRESH MASSIVE MAGNETITE ZONE.4. DETAILED HIGH QUALITY DEFINITIVE FEASIBILITY STUDY ON TRACK DUE FOR DELIVERY IN MID 2019 BASED ON UPDATED MEASURED AND INDICATED RESOURCE ESTIMATE.
MEASURED AND INDICATED MINERAL RESOURCE ESTIMATE INCREASED BY 39% TO 30.1MT AT 0.93% V2O5 (JUNE 2018 PFS HAD 13 YR MINE LIFE ON 21.6MT INDICATED RESOURCE).
2. GLOBAL HIGH GRADE MINERAL RESOURCE ESTIMATE INCREASED BY 29% TO AN OUTSTANDING 71.2MT AT 1.1% V2O5.
3. MAIDEN BASE METAL RESOURCE ESTIMATE DEFINED ASSOCIATED WITH FRESH MASSIVE MAGNETITE ZONE.
4. DETAILED HIGH QUALITY DEFINITIVE FEASIBILITY STUDY ON TRACK DUE FOR DELIVERY IN MID 2019 BASED ON UPDATED MEASURED AND INDICATED RESOURCE ESTIMATE.
BACKGROUND:Technology Metals Australia Limited (ASX: TMT) (“Technology Metals” or the “Company”) is pleased to announce results for the update of the Northern Block Mineral Resource (“Northern Block Resource”) estimate and the resulting Global Mineral Resource (“Global Resource”) estimate, reported in accordance with the JORC Code 2012, for the Gabanintha Vanadium Project (“Project”).
