- Technology Metals (TMT) plans to integrate its updated mineral resource estimate (MRE) for its Yarrabubba project into the Murchison Technology Metals Project (MTMP)
- According to TMT, integrating Yarrabubba into the MTMP is expected to extend the project life beyond 25 years
- The company says 120kg of magnetic concentrate produced from representative composites of Yarrabubba ore has been sent for testing
- Additionally infill diamond drilling is planned to collect a bulk sample from the project in early 2022
- Shares have been trading steady at 31 cents
Technology Metals (TMT) is progressing the integration of its expanded Yarrabubba mineral resource estimate (MRE) into the development of the Murchison Technology Metals Project (MTMP).
The integration is aimed at optimising the integration of Yarrabubba ore which wasn’t included in the Gabanintha vanadium project’s definitive feasibility study.
The integration work is also expected to extend the project life beyond 25 years based on a global measured and indicated resource of 50.2 million tonnes at 0.9 per cent vanadium oxide.
The company said metallurgical testwork to confirm Yarrabubba ore operating
parameters and product recoveries is underway. Additionally, a total of 120 kilograms of magnetic concentrate produced from representative composites of Yarrabubba ore has been sent to the kiln vendor’s testing facility in Pennsylvania.
According to Technology Metals, open pit mine scheduling is underway to optimise the integration of Yarrabubba into the MTMP and deliver an updated ore reserve estimate.
Infill diamond drilling designed to collect a bulk sample from Yarrabubba is planned to commence in early January 2022. The company also claimed discussions with offtake and downstream vanadium electrolyte/vanadium redox flow battery partners are progressing.
Shares were trading steady at 31 cents at 12:28 pm AEDT.