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 June 2018 the Company announced outstanding results from a Pre-Feasibility Study (PFS) confirming the technically robust and extremely high quality of the Gabanintha Project. The PFS delivered a maiden Ore Reserve of 16.7Mt @ 0.96 % V₂O₅ and a project post tax NPV of A$ 850M (US$ 638M) from an initial 13-year mine life. Technology Metals Australia’s Gabanintha project is set to be one of the largest pure play vanadium operations in the world with a peak production output of 13,000t V₂O₅ per annum. The company estimates infrastructure capital costs of A$ 380M (US$ 284M) including a A$ 60M (US$ 45M) contingency based on a conventional salt roast / water leach processing plant.

TMT is currently progressing a Definitive Feasibility Study (DFS) on target for completion mid-2019.