The MTMP represents one of the highest-grade undeveloped vanadium deposits in the world. The global resource of 153.7 Mt at 0.8% V₂O₅ includes the higher-grade massive magnetite zone of 79.8 Mt at 1.1% V₂O₅.
The high-grade, shallow weathering profile and thick mineralised zones make it ideal for open pit mining.
Global Mineral Resource for the MTMP as at 7th November 2022
| Classification | Material Type | Mt | V₂O₅% | Fe% | Al₂O₃% | SiO₂% | TiO₂% | LOI% | P% | S% | |
| Measured (Yarrabubba) | Massive | 4.4 | 1.1 | 48.1 | 5.5 | 7.3 | 12.4 | -0.4 | 0.01 | 0.3 | |
| Measured (Yarrabubba) | Disseminated | 1.5 | 0.6 | 30.0 | 10.8 | 23.4 | 7.7 | 2.5 | 0.01 | 0.2 | |
| Measured (Gabanintha) | Massive | 5.1 | 1.1 | 46.9 | 5.7 | 8.4 | 12.1 | -0.2 | 0.01 | 0.3 | |
| Measured (Gabanintha) | Disseminated | 1.1 | 0.8 | 36.4 | 7.9 | 19.6 | 9.0 | 0.5 | 0.01 | 0.2 | |
| Measured | Massive + Disseminated | 12.1 | 1.0 | 44.3 | 6.5 | 10.9 | 11.4 | 0.1 | 0.01 | 0.2 | |
| Indicated (Yarrabubba) | Massive | 8.0 | 1.1 | 48.1 | 5.4 | 7.1 | 12.5 | 0.0 | 0.01 | 0.3 | |
| Indicated (Yarrabubba) | Disseminated | 6.9 | 0.6 | 28.4 | 12.5 | 25.2 | 7.2 | 2.6 | 0.02 | 0.3 | |
| Indicated (Gabanintha) | Massive | 19.5 | 1.1 | 48.9 | 5.2 | 6.2 | 12.8 | -0.1 | 0.01 | 0.2 | |
| Indicated (Gabanintha) | Disseminated | 16.7 | 0.6 | 27.3 | 13.3 | 26.7 | 7.0 | 3.0 | 0.03 | 0.2 | |
| Indicated | Total | 51.2 | 0.9 | 39.0 | 8.9 | 15.6 | 10.1 | 1.3 | 0.02 | 0.2 | |
| Measured +Indicated | Massive + Disseminated | 63.2 | 0.9 | 40.0 | 8.4 | 14.7 | 10.4 | 1.1 | 0.02 | 0.2 | |
| Inferred (Yarrabubba) | Massive | 5.7 | 1.1 | 47.4 | 5.6 | 7.8 | 12.3 | 0.1 | 0.01 | 0.3 | |
| Inferred (Yarrabubba) | Disseminated | 11.4 | 0.6 | 27.9 | 12.6 | 25.8 | 7.2 | 2.0 | 0.02 | 0.4 | |
| Inferred (Gabanintha) | Massive | 36.5 | 1.1 | 46.7 | 6.0 | 8.3 | 12.3 | 0.4 | 0.01 | 0.2 | |
| Inferred (Gabanintha) | Disseminated | 36.9 | 0.5 | 26.6 | 12.9 | 27.6 | 6.9 | 3.4 | 0.03 | 0.3 | |
| Inferred | Massive + Disseminated | 90.5 | 0.8 | 36.2 | 9.6 | 18.3 | 9.5 | 1.8 | 0.02 | 0.2 | |
| Total | Massive + Disseminated | 153.7 | 0.8 | 37.7 | 9.1 | 16.8 | 9.8 | 1.5 | 0.02 | 0.2 |
Notes: The Mineral Resource was estimated within constraining wireframe solids using a nominal 0.9% V₂O₅ lower cut-off grade for the massive magnetite zone and using a nominal 0.4% V₂O₅ lower cut-off grade for the banded and disseminated magnetite mineralisation zones. The Mineral Resource is quoted from all classified blocks within these wireframe solids above a lower cut-off grade of 0.4% V₂O₅. Differences may occur due to rounding.
Global Mineral Reserve for the MTMP as at 5th August 2022
| Category | Tonnes (Mt) | V₂O₅ (%) | TiO₂% | Rec. V₂O₅ (M lb) | Rec. TiO2 (kt) |
| Proven | 1.12 | 0.95 | – | 18.1 | – |
| Probable | 43.36 | 0.89 | 10.0 | 572.1 | 1,132.6 |
| Total | 44.48 | 0.89 | 10.0 | 590.3 | 1,132.6 |
The Global Resource and the Global Reserve can be broken down by deposit.
Gabanintha Mineral Resource as at 7th November 2022
| Classification | Material | Mt | V₂O₅ % | Fe % | Al₂O₃ % | SiO₂ % | TiO₂ % | LOI % | P % | S % |
| Measured | Massive | 5.1 | 1.1 | 46.9 | 5.7 | 8.4 | 12.1 | -0.2 | 0.01 | 0.3 |
| Measured | Disseminated | 1.1 | 0.8 | 36.4 | 7.9 | 19.6 | 9.0 | 0.5 | 0.01 | 0.2 |
| Measured | Massive + disseminated | 6.2 | 1.0 | 45.0 | 6.1 | 10.4 | 11.6 | –0.1 | 0.01 | 0.3 |
| Indicated | Massive | 19.5 | 1.1 | 48.9 | 5.2 | 6.2 | 12.8 | -0.1 | 0.01 | 0.2 |
| Indicated | Disseminated | 16.7 | 0.6 | 27.3 | 13.3 | 26.7 | 7.0 | 3.0 | 0.03 | 0.2 |
| Indicated | Massive + disseminated | 36.2 | 0.9 | 38.9 | 8.9 | 15.7 | 10.1 | 1.3 | 0.02 | 0.2 |
| Inferred | Massive | 36.5 | 1.1 | 46.7 | 6.0 | 8.3 | 12.3 | 0.4 | 0.01 | 0.2 |
| Inferred | Disseminated | 36.9 | 0.5 | 26.6 | 12.9 | 27.6 | 6.9 | 3.4 | 0.03 | 0.3 |
| Inferred | Massive + disseminated | 73.4 | 0.8 | 36.6 | 9.5 | 18.0 | 9.6 | 1.9 | 0.02 | 0.3 |
| Total | Massive + disseminated | 115.8 | 0.8 | 37.8 | 9.1 | 16.9 | 9.9 | 1.6 | 0.02 | 0.2 |
Gabanintha Ore Reserve at August 2022
| Reserve Category | Tonnes (Mt) | V₂O₅ (%) | Rec. V₂O₅ (M lb) |
| Proven | 1.1 | 0.95 | 18.1 |
| Probable | 27.5 | 0.89 | 369.4 |
| Total | 28.6 | 0.91 | 387.5 |
Gabanintha Mineral Resource of Base Metals as at 26th March 2019
| Classification | Tonnage (Mt) | Co (ppm) | Ni (ppm) | Cu (ppm) |
| Inferred | 15.7 | 230 | 830 | 200 |
Yarrabubba Mineral Resources as at 7th November 2022
| Classification | Material | Mt | V₂O₅ % | Fe % | Al₂O₃ % | SiO₂ % | TiO₂ % | LOI % | P % | S % |
| Measured | Massive | 4.4 | 1.1 | 48.1 | 5.5 | 7.3 | 12.4 | -0.4 | 0.01 | 0.3 |
| Measured | Disseminated | 1.5 | 0.6 | 30.0 | 10.8 | 23.4 | 7.7 | 2.5 | 0.01 | 0.2 |
| Measured | Massive + disseminated | 5.9 | 1.0 | 43.5 | 6.8 | 11.4 | 11.2 | 0.3 | 0.01 | 0.3 |
| Indicated | Massive | 8.0 | 1.1 | 48.1 | 5.4 | 7.1 | 12.5 | 0.0 | 0.01 | 0.3 |
| Indicated | Disseminated | 6.9 | 0.6 | 28.4 | 12.5 | 25.2 | 7.2 | 2.6 | 0.02 | 0.3 |
| Indicated | Massive + disseminated | 14.9 | 0.9 | 39.0 | 8.7 | 15.5 | 10.0 | 1.2 | 0.01 | 0.3 |
| Inferred | Massive | 5.7 | 1.1 | 47.4 | 5.6 | 7.8 | 12.3 | 0.1 | 0.01 | 0.3 |
| Inferred | Disseminated | 11.4 | 0.6 | 27.9 | 12.6 | 25.8 | 7.2 | 2.0 | 0.02 | 0.3 |
| Inferred | Massive + disseminated | 17.1 | 0.8 | 34.4 | 10.3 | 19.8 | 8.9 | 1.4 | 0.02 | 0.3 |
| Total | Massive + disseminated | 37.9 | 0.8 | 37.6 | 9.1 | 16.8 | 9.7 | 1.1 | 0.01 | 0.3 |
For further information, refer to ASX Announcement 7 November 2022.
Yarrabubba Ore Reserve at August 2022
| Category | Tonnes (Mt) | V2O5 (%) | TiO2 (%) | Rec. V2O5 (M lb) | Rec. TiO2 (kt) |
| Proven | – | – | – | – | – |
| Probable | 15.88 | 0.87 | 10.0 | 202.7 | 1,132.6 |
| Total | 15.88 | 0.87 | 10.0 | 202.7 | 1,132.6 |
The information in this report that relates to Exploration Results are based on information compiled by Mr John McDougall. Mr McDougall is the Company’s Exploration Manager and a member of the Australian Institute of Geoscientists. Mr McDougall has sufficient experience relevant to the styles of mineralisation and types of deposits which are covered in this report and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (JORC Code). Mr McDougall consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.
The information in this report that relates to Mineral Resources is based on information compiled by Mr Matthew Clark. Mr Clark is a Senior Resource Geologist of CSA Global Pty Ltd and is a Member of the Australasian Institute of Mining and Metallurgy. Mr Clark has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as Competent Person as defined in the 2012 Edition of the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Mr Clark consents to the disclosure of the information in this announcement in the form and context in which it appears.
The information that relates to Ore Reserves is based on information compiled by Mr Ross Cheyne of Orelogy who takes overall responsibility for the Report as Competent Person. Mr Cheyne is a Fellow of The Australasian Institute of Mining and Metallurgy and has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity he is undertaking, to qualify as Competent Person in terms of the JORC (2012 Edition). The Competent Person, Ross Cheyne has reviewed the Ore Reserve statement and given permission for the publication of this information in the form and context within which it appears.
The information in this report that relates to the Processing and Metallurgy for the Murchison Technology Metals project is based on and fairly represents, information and supporting documentation compiled by Mr Brett Morgan, a full-time employee of Technology Metals Australia. Mr Morgan is a Member of The Australasian Institute of Mining and Metallurgy and has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity he is undertaking, to qualify as Competent Person in terms of the JORC (2012 Edition). The Competent Person, Brett Morgan consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
