Technology Metals Australia Limited
www.tmtlimited.com.auTechnology Metals Australia Limited (ASX:TMT) is an ASX-listed company focused on the exploration and development of its flagship, 100% owned Murchison Technology Metals Project (MTMP) located 40km southeast of Meekatharra in the Mid-West region of Western Australia. The MTMP comprises the Gabanintha and Yarrabubba vanadium deposits and is one of the highest-grade vanadium projects in the world with the lowest quartile operating costs once developed. The Company has finalised an Integration Study for the MTMP, bringing in high-grade ore from the satellite Yarrabubba deposit into the central processing hub at Gabanintha. The completion of the Integration Study has facilitated the progression of the Implementation Phase of the MTMP which will lead to the final Decision to Develop. Vanadium is being increasingly recognised as a critical mineral, with the US, Europe and Australia listing the speciality metal in their Critical Minerals List. While the main use of vanadium is currently in the steel industry, where it is primarily used in metal alloys such a rebar and structural steel, high-speed tools, titanium alloys, and steel for aircraft and automotive applications, an emerging and very significant use for vanadium is the rapidly developing energy storage (battery) sector with the expanding use and increasing penetration of vanadium redox flow batteries (VRFBs). VRFBs provide an efficient storage and re-supply solution for renewable energy – being able to time-shift large amounts of previously generated energy for later use – ideally suited to micro-grid to large scale energy storage solutions (grid stabilisation). Technology Metals Australia’s wholly-owned subsidiary, vLYTE is focussed on adding value to the high-quality feedstock from the MTMP through downstream processing opportunities such as vanadium electrolyte production and support the development of large-scale stationary storage VRFB applications.
Read moreTechnology Metals Australia Limited (ASX:TMT) is an ASX-listed company focused on the exploration and development of its flagship, 100% owned Murchison Technology Metals Project (MTMP) located 40km southeast of Meekatharra in the Mid-West region of Western Australia. The MTMP comprises the Gabanintha and Yarrabubba vanadium deposits and is one of the highest-grade vanadium projects in the world with the lowest quartile operating costs once developed. The Company has finalised an Integration Study for the MTMP, bringing in high-grade ore from the satellite Yarrabubba deposit into the central processing hub at Gabanintha. The completion of the Integration Study has facilitated the progression of the Implementation Phase of the MTMP which will lead to the final Decision to Develop. Vanadium is being increasingly recognised as a critical mineral, with the US, Europe and Australia listing the speciality metal in their Critical Minerals List. While the main use of vanadium is currently in the steel industry, where it is primarily used in metal alloys such a rebar and structural steel, high-speed tools, titanium alloys, and steel for aircraft and automotive applications, an emerging and very significant use for vanadium is the rapidly developing energy storage (battery) sector with the expanding use and increasing penetration of vanadium redox flow batteries (VRFBs). VRFBs provide an efficient storage and re-supply solution for renewable energy – being able to time-shift large amounts of previously generated energy for later use – ideally suited to micro-grid to large scale energy storage solutions (grid stabilisation). Technology Metals Australia’s wholly-owned subsidiary, vLYTE is focussed on adding value to the high-quality feedstock from the MTMP through downstream processing opportunities such as vanadium electrolyte production and support the development of large-scale stationary storage VRFB applications.
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