TECHNOLOGY METALS AUSTRALIA LIMITED

Technology Metals Australia Limited (ASX: TMT) is focused on developing the 100% owned Gabanintha Vanadium Project located in Western Australia.

In August 2019 the Company announced outstanding results from the Definitive Feasibility Study (DFS) confirming the technically robust and extremely high quality of the Gabanintha Vanadium Project. The DFS delivered a Mining Reserve of 29.6Mt @ 0.88 % V2O5 and a project pre tax NPV of A$ 1,320M (US$ 924M) from a +16-year mine life. The very high quality Gabanintha Vanadium Project DFS has generated an outstanding result, delivering lowest quartile operating costs over a long initial mine life at a scale that will make the Project the largest single primary producer in the World. Delivery of this study is a key milestone in progression of discussions with prospective development partners that the Company has engaged with over the past 12 to 18 months.