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Technology Metals Australia Ltd

Technology Metals latest assay batch further confirms vanadium growth potential

This is the third batch of results to be released from the 45-hole drill program.

drill rig on site at Gabanintha project
Previous results were released in November and December 2018

Technology Metals Australia Ltd (ASX:TMT) has received the remaining diamond drilling results from the Northern Block of tenements at its Gabanintha Vanadium Project in Western Australia.

The resource infill and extension program was designed to infill and extend the Northern Block resource estimate in the North and Central pit areas.

The latest batch of assays highlights the continuity of high-grade vanadium mineralisation along strike and down-dip at the Northern Block.

Results from this drill program will be used in the ongoing definitive feasibility study (DFS) due for delivery in mid-2019.

READ: Technology Metals confirms vanadium extensions at Gabanintha project

TMT’s managing director Ian Prentice said: “The results of these diamond drill holes at the Northern Block of tenements at Gabanintha further highlight the scope to materially increase the Indicated Resource component of this globally significant vanadium project, with a flow on to an expected material increase in the project reserve as part of the rapidly progressing high-quality DFS.”

This batch of assays accounts for the balance of the diamond drill holes completed in the Northern Block of tenements yet to be released.

Highlights included 16.5 metres at 1.0% vanadium oxide from 166 metres, 14 metres at 1.21% vanadium oxide from 156 metres and 15.5 metres at 1.22% vanadium oxide from 16 metres.

Drilling has confirmed the consistency of grade and width of the broad zones of basal massive magnetite mineralisation both along strike and down dip.

It has extended the mineralisation in excess of 300 metres south of the Central Pit resource and at vertical depths of up to 190 metres.

The high grade basal massive magnetite mineralisation remains open along the full strike length of the North Pit and Central Pit areas.

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Technology Metals Australia persuing upside at Gabanintha beyond $1b+ PFS

Technology Metals Australia (ASX:TMT) executive director Ian Prentice speaks to Proactive Investors about the company's milestone achievement of releasing a pre-feasibly study (PFS) 18 months after listing on the ASX. The company's flagship Gabanintha Vanadium Project in Western Australia has...

on 25/6/18

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