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Technology Metals in trading halt ahead of Gabanintha vanadium resource update

The company is focused on its Gabanintha project, which to date hosts a resource of 98.4 million tonnes at 0.8% vanadium in the northern block and 21.5 million tonnes at 0.9% in the southern tenement.
Map of project area
The project is 40 kilometres south of Meekatharra over six tenements

Technology Metals Australia Ltd (ASX:TMT) is in a trading halt pending the release of a resource update for the Gabanintha Vanadium Project in WA.

The company says the trading halt will allow it to finalise technical and administrative aspects in relation to the resource update.

ASX has granted the halt which will remain in place until the start of normal trading on Friday, March 29, 2019, or when an announcement is released to the market, whichever occurs earliest.

READ: Technology Metals raises more than $4.5 million in share placement for Gabanintha DFS

Last month the company raised more than $4.5 million before costs in a share placement of 17,510,833 shares at 26 cents a share to advance the definitive feasibility study for the project.

The company's shares closed at 23.5 cents on Tuesday.

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