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Technology Metals' Gabanintha resource rises

07 Mar 2018 11:56 GMT
Technology Metals' Gabanintha resource rises

Perth, 7 March (Argus) — Perth-based metals developer Technology Metals Australia has sharply increased the estimated mineral resource at its Gabanintha vanadium-titanium project in Australia.

Gabanintha is now confirmed as one of the world's highest grade vanadium deposits. Its indicated and inferred resource is 119mn t, grading 0.8pc vanadium pentoxide and 9.7pc titanium oxide, the company said.

Included in the latest estimate is a high-grade zone of 55mn t, grading 1.1pc vanadium pentoxide.

The increase in the overall resource comes from the project's northern block where the resource rose 57pc to 98.4mn t, grading 0.8pc vanadium pentoxide. The southern tenement's resource is 21.5mn t, grading 0.9pc vanadium pentoxide and is seen as ripe for further exploration and development.

Delivery of high-grade resources and encouraging metallurgical test work results to date provide positive catalysts and momentum to fast track development studies on this world class deposit, executive director Ian Prentice said.

Results from the resource upgrade are to be incorporated into a pre-feasibility study. The project aims to supply high grade vanadium pentoxide flake to the steel market and to the growing vanadium redox battery market.