ASX Announcement 19 August 2019
ACN: 612 531 389
T: 08 6489 1600
F: 08 6489 1601
E: [email protected]Suite 9, 330 Churchill Avenue, Subiaco WA 6008www.tmtlimited.com.auDirectors
Michael Fry:
Chairman
Ian Prentice:
Managing Director
Sonu Cheema:
Director and Company Secretary Issued Capital
87,554,167 (“TMT”) Fully PaidOrdinary Shares
6,133,333 – Quoted Options(“TMTO”) exercisable at $0.40 on orbefore 24 May 2020
20,598,334 – Unquoted Options –various exercise prices and dates
ASX Code: TMT, TMTO FRA Code: TN6
REQUEST FOR TRADING HALT
Attention: James Rowe
Mr James Rowe
Manager, Listings (Perth)
ASX Limited, Level 8, Exchange Plaza 2 The EsplanadePERTH WA 6000
Dear James,
Technology Metals Australia Limited (ASX: TMT) (“Technology Metals” or the “Company”) requests a trading halt of its securities pursuant to ASX Listing Rule 17.1 pending the release of the results of the Definitive Feasibility Study (“DFS”) on its **anintha VanadiumProject (“GVP” or “Project”).
The Company requests that the trading halt be effective immediately and remain in place until the earlier of the commencement of normal trading on Wednesday 21 August 2019, or the release of an announcement in respect to the DFS.
The Company is not aware of any reason why the trading halt should not be granted.
For, and on behalf of, the Board of the Company,
Sonu Cheema
Director and Company SecretaryTechnology Metals Australia Limited- ENDS -
About Technology Metals Australia Limited
Technology Metals Australia Limited (ASX: TMT) was incorporated on 20 May 2016 for the primary purpose of identifying exploration projects in Australia and overseas withthe aim of discovering commercially significant mineral deposits. The Company’sprimary exploration focus is on the **anintha Vanadium Project located 40 km south east of Meekatharra in the mid-west region of Western Australia with the aim to develop this project to potentially supply high-quality V2O5 flake product to both the steel market and the emerging vanadium redox battery (VRB) market.The Project consists of seven granted tenements (and two Mining Lease applications). Vanadium mineralisation is hosted by a north west – south east trending layered mafic igneous unit with a distinct magnetic signature. Mineralisation at **anintha is similar to the Windimurra Vanadium Deposit, located 270km to the south, and the Barrambie Vanadium-Titanium Deposit, located 155km to the south east. The key difference between **anintha and these deposits is the consistent presence of the high grade massive vanadium – titanium – magnetite basal unit, which results in an overall higher grade for the **anintha Vanadium Project.
Data from the Company’s 2017 drilling programs (85 RC holes (for 8,386 m) and 13 HQ diamond holes (for 1,235.5 m) at the Northern Block and 23 RC holes (for 2,232 m) at the Southern Tenement) has been used by independent geological consultants CSA Global to generate a global Inferred and Indicated Mineral Resource estimate, reported in accordance with the JORC Code 2012 edition, for the Project. The Resource estimate confirmed the position of the **anintha Vanadium Project as one of the highest grade vanadium projects in the world.
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