Technology Metals Australia Limited (ASX:TMT) is focused on the exploration and development of its flagship, 100% owned Murchison Technology Metals Project (MTMP) located 50km southeast of Meekatharra in the Mid-West region of Western Australia. The MTMP comprises the Gabanintha and Yarrabubba vanadium deposits and is one of the highest-grade vanadium projects in the world and will have one of the lowest quartile operating costs.

A Definitive Feasibility Study on Gabanintha was completed in 2019 and the Yarrabubba Integration Study for the MTMP was completed in mid-2022, bringing in high-grade ore from the satellite Yarrabubba deposit into the central processing hub at Gabanintha. The completion of the Integration Study has facilitated the progression of the Implementation Phase of the MTMP and the move towards development, construction, and operation of the project. The Project has a Global Mineral Resource Estimate (MRE) of 153.7Mt at 0.8% Vanadium Pentoxide (V2O5), with the Yarrabubba satellite deposit presenting an opportunity to increase Vanadium production at an earlier stage of the mine’s development, due to its higher concentrate grades and an additional Ilmenite by-product. Metallurgical testing has demonstrated that the orebody can be processed using conventional salt roast techniques to yield a high-quality V2O5 concentrate product with more than 99% purity.

KEY PEOPLE

  • Ian Prentice - Managing Director

    Mr Prentice holds a Bachelor of Science (Geology) from the University of Western Australia and has over 30 years’ experience in the global mining industry, spanning exploration, development and open cut and underground mining. He is a Member of the Australasian Institute of Mining and Metallurgy and has served as a Director for a number of ASX-listed resource companies, with activities ranging from exploration and project acquisition in Asia and Africa through to gold production in Australia.

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  • Michael Fry - Non-Executive Chairman

    Mr Fry holds a Bachelor of Commerce degree from the University of Western Australia, is a Fellow of the Financial Services Institute of Australasia, and is a past member of the Australian Stock Exchange. He has extensive corporate and commercial experience, financial and capital market knowledge and a background in corporate treasury management and current serves as Non-Executive Chairman of Brookside Energy Limited (ASX: BRK), Challenger Energy Limited (ASX:CEL) and Norwest Energy NL (ASX:NWE).

     

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