Technology Metals Australia Ltd (ASX:TMT) managing director Ian Prentice speaks to Proactive Investors about the 39% increase in Northern Block mineral resources at the company's Gabanintha Vanadium Project in Western Australia.
The project's global resource now amounts to 131 million tonnes at 0.9% vanadium pentoxide, including a high-grade component of 71.2 million tonnes at 1.1% vanadium and 12.7% titanium contained within the consistently mineralised massive magnetite zone.
Prentice says such a grade is world-class and shows the potential for a long-tenured vanadium project.
He adds that vanadium prices have now moderated to a level that minimises the temptation for buyers to turn to niobium as a substitute.
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