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

Published: 20:33 24 Jun 2018 EDT

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 been developed at pace, with a "globally significant large resource" announced in March, which the freshly-released PFS assesses as having a net present value (NPV) of $1.27 billion, based on a 13-year mine life and discount rate of 10%.

"A lot of engineering and a lot of detailed metallurgical work has gone into the study, and it's delivered a very technically-strong, financially-robust project... the study was only based on about 21 million tonnes of our overall 120 million tonne resource," says Prentice. The project also looks to be of a premium grade with relatively low costs of production.

Australian Vanadium completes merger with Technology Metals Australia

Australian Vanadium Ltd (ASX:AVL, OTCQB:ATVVF) CEO Graham Arvidson tells Proactive the company has successfully completed its merger with Technology Metals Australia, having now acquired all shares in TMT. The transaction also merges two adjoining vanadium projects across one orebody, offering...

on 02/04/2024