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Gabanintha Vanadium Project update. MD Ian Prentice discusses progress being made at the Project towards delivering a DFS, completion of Stage 1 drilling and latest capital raise.

MD Ian Prentice updates Proactive Investors on the company’s ongoing development of its Gabanintha Vanadium Project in Western Australia. Significant progress is being made on a definitive feasibility study (DFS) for Gabanintha, on track for completion in the June quarter of 2019. The DFS includes drilling aimed at expanding the indicated mineral resource within the global mineral resource estimate of 119.9 million tonnes at 0.8% vanadium pentoxide and 9.7% titanium dioxide. Recent metallurgical test work has also achieved an impressive high purity 99.53% vanadium pentoxide from Gabanintha ore, providing further confidence for the DFS.

MD Ian Prentice interviewed by Daniela Cambone of Kitco News at the Noosa Mining Conference. Vanadium is outpacing other base metals in relevance in the development of clean energy. Prentice told Kitco News that China’s environmental restrictions have limited supply while their consumption of vanadium has steadily increased.