Gladiator Resources Limited (“Company” or “GLA”is pleased to announce that it has successfully completed
due diligence on the Highgate Vanadium Project (“Project”
The Company previously announced the proposed acquisition of the Project subject to Due Diligence and
Shareholder Approval on 24 January 2020 outlining that GLA had entered into a binding Share Sale
Agreement (“SSA”
Pty Ltd (“NQ Utah”
25968 (“Licence”
The SSA is now unconditional and the proposed transaction remains subject only to shareholder approval
which will be sought in the near term. The Notice of Meeting to consider and approve the transaction is
currently being prepared for dispatch to shareholders in early February.
Highgate Vanadium Project
The Project is located approximately 60km North West of Julia Creek in the Mt. Isa mining province, in close
proximity to the large scale Debella and Arizona Vanadium projects and Rio Tinto Exploration tenements.
The Project comprises the Licence which was granted on 14 March 2016 for an initial 5-year term and covers
an area of 220km
2
.
Previous drilling on the Licence site has focused on the formation which hosts the vanadium mineralisation
and has established a large vanadium exploration target.
The Project area has excellent infrastructure with high quality roads, airport and rail facilities nearby. Power
and water are readily available and there are no known sensitive environment or community issues near the
Project.
