Technology Metals Australia Upgrades Gabanintha North Resource

THE DRILL SERGEANT: Technology Metals Australia (ASX: TMT) reported on the update of the JORC Code 2012-compliant Northern Block Mineral Resource estimate and resulting Global Mineral Resource estimate for the company’s Gabanintha vanadium project.

The updated Northern Block Mineral Resource estimate includes a Measured and Indicated Mineral Resource of 30 million tonnes at 0.9 per cent vanadium oxide (V2O5) and 11 per cent titanium dioxide (TiO2), incorporating the maiden Measured Mineral Resource estimate in the North Pit area.

The Global Resource estimate for the project of 131 million tonnes at 0.9 per cent V2O5 and 10.1 per cent TiO2 includes a high-grade component of 71.2 million tonnes at 1.1 per cent V2O5 and 12.7 per cent TiO2 contained within a consistently mineralised massive magnetite zone.

“The significant increase to the Indicated Resource, a key component to support a material extension to the project mine life, and the substantial increase to the high-grade portion of the Resource, provides an indication of the potential very long tenor of this high-quality globally significant vanadium project,” Technology Metals Australia managing director Ian Prentice said in the company’s announcement to the Australian Securities Exchange.