Technology Metals Australia (ASX:TMT) executive director Ian Prentice updates Proactive Investors on the DFS results from its Gabanintha Vanadium Project in WA, which has ascribed the project a valuation pre-tax of A$1.32 billion.
Prentice said the study results were outstanding delivering lowest quartile operating costs over a long initial mine life, at a scale that will make the project the largest single primary vanadium producer in the world.
Progressing offtake and finance discussions, advancing environmental approvals and mining lease grants, are among the next steps for the project, with a targeted investment decision by the beginning of Q2 2020.
www.ferroalloynet.com
