Time to breakout, page-1687

From the company today

SUMMARY

• Stage 1 Project Enhancement Drilling Program completed
  • Initial geological data indicates the mineralisation extends to depth
  • Importantly, confirms shallow oxidation profile in the North Pit and Southern tenements
• Significant progress being made on the definitive  feasibility study for Gabanintha and is on track for completion in the June quarter of 2019.  This includes:
  • Ongoing metallurgical testwork
  • Engineering and Process work
  • Close to finishing drilling program to generate bulk samples to use for larger scale testwork, in particular kiln testwork
• Strongly supported placement to raise $6 Million via new Institutional and HNW Investors
  • Funds to accelerate DFS and progress toward the development of one of the highest grade, best quality, large scale vanadium projects in the world
• Vanadium market outlook and building relationships with potential customers
  • Follow up meetings with potential offtake customers
  • Supply constraints driving demand and vanadium price higher
• Expected Newsflow
  • Assay results expected mid October through to December 2018
  • Updated resource model early in 2019
  • Data received to-date confirms mineralisation extends well below the pit design, should deliver a good increase in Indicated Resource category which will flow through to a larger Reserve
• Current geotech drilling program, data to proveup the ability to steepen the pit walls dramatically and built into the pitdesign