Technology Metals Australia Ltd (ASX:TMT) is in a trading halt pending release of an announcement in relation to tenure of the Gabanintha Vanadium Project.
The trading halt will remain in place until the beginning of trade on Wednesday, September 2, or when an announcement is released to the market, whichever occurs earliest.
Scope to boost mine life
In July, the company increased the Gabanintha Vanadium Project measured and indicated resource by 32% to 9.6 million tonnes at 1% vanadium, providing scope to extend the mine life.
The increase is a result of a maiden indicated mineral resource for the Southern Tenement of 9.6 million tonnes at 1.0% V2O5.
This forms part of the overall resource estimate at this tenement of 27.7 million tonnes at 0.9% V2O5, an increase ofRead More – Source