The Murchison Technology Metals Project (MTMP), located in Western Australia, comprises the Gabanintha and Yarrabubba Vanadium Projects. Combined, the two vanadium projects contain 153.7Mt at 0.8% V2O5.
Technology Metals has completed the Definitive Feasibility Study for Gabanintha in late 2019 and the Yarrabubba Integration Study was completed in mid-2022. The Study has integrated the high-grade Yarrabubba deposit into the MTMP mine plan, extending the mine life out to 25 years and generating a dual revenue stream of vanadium pentoxide and ilmenite.
The Gabanintha deposit contains 5.5 km strike length of high-grade mineralisation within a layered gabbro. It is one of the highest-grade vanadium deposits in the world. Gabanintha forms the core of the Murchison Technology Metals Project, representing the bulk of the mineral resource and the site of the proposed processing plant and associated infrastructure.
Technology Metals has identified a Mineral Resource of 115.9Mt @ 0.8% V2O5 including a high-grade zone of 71Mt @ 1.1% V2O5 within a single massive magnetite layer. A full range of metallurgical test work has shown that the orebody can be processed using conventional salt roast techniques to produce a high quality >99% purity V2O5 product.
Yarrabubba is a satellite deposit of the Murchison Technology Metals Project (MTMP) and represents an opportunity to leverage higher vanadium production early in the mine’s development due to higher concentrate grades and an additional ilmenite by-product.