Achievement of high purity of 99.53% Vanadium confirms potential of Gabanintha deposit: Technology Metals Australia Ltd.’s (ASX: TMT) stock surged 6.67% on September 12, 2018 after the company achieved high purity of 99.53% V2O5 product from an ammonium metavanadate precipitate that extracted in excess of 98% vanadium from a leach solution.
This has confirmed that the wholly owned Gabanintha deposit is capable of producing very high purity V2O5 by using conventional salt roast / water leach processing. The company has completed the initial production generation testwork, that involves the precipitation of ammonium metavanadate and then the generation of high purity V2O5 product from an approximately 60kg composite sample of high grade massive magnetite mineralization. The solution and final product produced from this testwork are considered to be extremely clean and low in solution impurities. Gabanintha has an Ore Reserve of 16.7 Mt at 0.96% V2O5, which is contained within an Indicated Mineral Resource of 21.6 Mt at 0.9% V2O5 in the Northern Block. This ongoing drilling forms a part of the DFS that expects to expand the Indicated Mineral Resource within the current Global Mineral Resource estimate of 119.9 Mt at 0.8% V2O5 and 9.7% TiO2.
Samples of high purity vanadium have been sent to potential end-users for the purpose of evaluation with regards to use in various applications. These include steel and vanadium redox flow battery sectors as well. The company is also targeting the speciality chemical and aeronautical industries, which will provide scope to attract substantial premiums to the 98% V2O5 pricing index. Meanwhile, TMT stock has risen 16.67% in three months as on September 11, 2018.
The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a company’s prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”
ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.
Click here to get your free report.
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.