Technology Metals Australia persuing upside at Gabanintha beyond $1b+ PFS

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Added by June 27, 2018

Technology Metals Australia (ASX:TMT) executive director Ian Prentice speaks to Proactive Investors about the company’s milestone achievement of releasing a pre-feasibly study (PFS) 18 months after listing on the ASX. The company’s flagship Gabanintha Vanadium Project in Western Australia has been developed at pace, with a “globally significant large resource” announced in March, which the freshly-released PFS assesses as having a net present value (NPV) of $1.27 billion, based on a 13-year mine life and discount rate of 10%.

“A lot of engineering and a lot of detailed metallurgical work has gone into the study, and it’s delivered a very technically-strong, financially-robust project… the study was only based on about 21 million tonnes of our overall 120 million tonne resource,” says Prentice. The project also looks to be of a premium grade with relatively low costs of production.

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