Advanced vanadium developer Technology Metals Australia (ASX:TMT) has executed a Road Access and Maintenance Deed Agreement for its flagship Murchison Technology Metals Project in Western Australia.
The company, which has a market capitalisation of $69.92 million, says the agreement with the Shire of Meekatharra provides a framework for Technology Metals’ use and maintenance of public roads to enable access to and from the project over the proposed life of mine.
Further, progress is continuing to be made by APA under the Early Works Agreement (EWA) executed in June 2022 on the proposed pipeline, linking the NGI to the MTMP.
These works to be completed include conducting the required survey and stakeholder engagement activities to support confirmation of the pipeline route, required licence and permitting, with engineering and design activities to support the preparation of procurement processes for the identified long lead items.
Commenting on the progress, Technology Metals Australia Managing Director Ian Prentice says: “The TMT team continues to maintain focus on all work streams in the delivery of the Murchison Technology Metals Project, an important part of which is the infrastructure required to facilitate and support the project.
The opening of APA’s NGI pipeline is an exciting and significant milestone not only for Western Australia but for the MTMP, providing another foundation piece for the delivery of this great project.
The proposed Gabanintha Gas Pipeline, a spur from the NGI, is anticipated to deliver a cost-effective, low risk energy supply solution to the MTMP that complements our proposed on-site renewable energy generation, and further supports other mining and industrial development in the Midwest.”
In addition, the company recently attended the official opening of APA Group’s (ASX:APA) Northern Goldfields Interconnect (NGI) pipeline, which will provide ‘greater’ energy security, alongside support growth and transition in the Western Australia resources sector.
The completion of the NGI and the progress being made by APA are also ‘important’ components of the developments of the Murchison Project, with these activities being completed in close alignment with the project implementation phase.
Technology Metals is continuing to participate in constructive discussions with the midwest port authority on the use of the Port of Geraldton for the import and export of goods and products.
Technology Metals Australia is an ASX-listed company, focused on developing its flagship Murchison Project, located about 50km southeast of Meekatharra in the midwest region of Western Australia. The project is one of the ‘highest grade’ vanadium projects in the world.
Write to Aaliyah Rogan at Mining.com.au
Images: Technology Metals Australia
