Technology Metals Australia (ASX:TMT) is developing its 100 per cent owned Gabanintha Vanadium Project in Western Australia. The company is one of the most advanced vanadium explorers, having completed its Pre-Feasibility Study (PFS) in June 2018.
TMT has confirmed it could produce a final high purity vanadium product from Gabanintha, with test work producing a +99.5 per cent vanadium pentoxide (V2O5) product from a 60kg sample of high-grade magnetite mineralisation using low-cost conventional processing methods. Benchmark vanadium pentoxide pricing is based on a 98 per cent purity product, which means Technology Metals can target the speciality chemical and aeronautical industries and receive premium pricing.
With vanadium supply failing to cater for increasing demand — pushing vanadium prices to record highs — Technology Metals (ASX:TMT) wants to have the Gabanintha mine up and running by 2021.
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.
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).
Sonu Cheema - - Non-Executive Director, Company Secretary
Mr Cheema is a Partner at Cicero Group with over 10 years’ experience working with public and private companies in Australia and abroad. He serves as Company Secretary for Corizon Limited (ASX: CIZ), Avira Resources Limited (ASX: AVW), Yojee Limited (ASX: YOJ) and Comet Resources Limited (ASX: CRL) and he specialises in Financial Reporting, Taxation, Management Accounting and Governance.