Technology Metals Australia charging forward with implementation phase for the MTMP

Technology Metals Australia (ASX:TMT) is charging ahead to become Australia’s first vanadium producer as it advances the company’s flagship Murchison Technology Metals Project (MTMP) in Western Australia.

Managing Director Ian Prentice will be presenting on the project’s progress at the Noosa Mining Investor Conference, which is being held from 19-21 July 2023.

Speaking to ahead of his day three presentation, Prentice says he’ll also be addressing a new addition to the company’s board.

The MD will outline to the Noosa Mining Investor Conference how the company has been working diligently through the implementation phase for the MTMP alongside its key project partners GR Engineering, Iron Mine Contracting, and FLSmidth, which together form the ‘Integrated Project Team’. 

Prentice adds that this team continues to advance Front-End Engineering Design (FEED) activities and identify development efficiencies, cost estimates, and schedules.

“The updated MTMP proven and probable ore reserve estimate is progressing, which will underpin the completion of the MTMP Bankable Financial Model. I’ll also be noting to the conference that the company is undertaking the Independent Technical Expert (ITE) review of the MTMP with SRK Consulting. 

SRK’s independent report will provide information required by prospective debt financiers in the MTMP financing process.

TMT is also working collaboratively with the Traditional Owners, the Yugunga-Nya People (YN People), continuing to hold consultation meetings with the YN and progressing the on-country cultural heritage consultations that will inform the drafting of the Cultural Heritage Management Plan (CHMP) in line with the new WA Aboriginal Cultural Heritage Act 2021 which came into effect 1 July 2023.

Sustainability is top of mind at TMT. During the presentation, we will unveil proposed plans of a Green Accommodation Village at the MTMP, which will support our decarbonisation strategy. The Green Village incorporates accommodation buildings installed with roof-mounted solar arrays connected to vanadium battery energy storage systems – demonstrating the use of vanadium battery technology on TMT’s vanadium mining project.”

Prentice adds that he will make it known to the Noosa conference crowd that Technology Metals welcomes the federal government’s Critical Minerals Strategy 2023-2030. He says he’ll be noting the company’s own goals of becoming a significant supplier of vanadium, with advanced downstream processing to produce vanadium pentoxide and vanadium electrolyte, are well-aligned with the federal government’s objectives. 

“The company is progressing discussions around federal government support for the MTMP, which will complement the existing support received from the Danish Export Credit Agency, the Export and Investment Fund of Denmark (EIFO).”

Meanwhile, Prentice says he’ll reiterate that Technology Metals Australia recently appointed experienced strategic leader Jo Gaines as an independent Non-Executive Director to the Board. Gaines previously worked as Deputy Chief of Staff to the Premier of Western Australia and has strong experience in stakeholder engagement and government relations.

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Images: Technology Metals Australia Ltd
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Written By Adam Orlando Managing Editor Adam Orlando has more than 20 years’ experience in the media having held senior roles at various publications, including as Asia-Pacific Sector Head (Mining) at global newswire Acuris (formerly Mergermarket). Adam has worked in newsrooms around the world including Hong Kong, Singapore, London, and Sydney.