Ann: Trading Halt, page-14

This is not an ordinary Resource update as we know. The details of the update was explained on the last quarterly announced on Jan.31 (also in the Half Year report). They are trying to increase the positive numbers in PFS by decreasing the strip ratio, cut off grade etc.

The DFS will be very attractive by this update IMO. Then offtake agreements, JV partners, financiers will be attracted to the project. It's very well know that the world needs another vanadium producer now, and another one later one. TMT tries to be the first one.

The resource estimate will also be incorporating BASE METALS. The base metal concentrate has potential to be a significant contributor (not little!) in support of the development of the Gabanintha Project they said and I believe so.

Preliminary base metal recovery testwork delivered very encouraging flotation concentrates with a combined base metal content of 10% - 15%, containing up to
2.31% Co,
4.47% Ni and
9.50% Cu.

Let's wait for the update until Friday. Good luck.


From quarterly report announced on Jan.31