Technology Metals Australia Limited provided an update on metallurgical testwork activities at its Gabanintha Vanadium Project. Refinement work on a sub-sample of the previously reported production generation testwork and preliminary base metal recovery testwork has been completed. The product refinement work delivered a V2O5 product with a purity in excess of 99.7% from an ammonium metavanadate precipitate that recovered >98% of vanadium from a leach solution. This extremely high purity further confirms the suitability of Gabanintha vanadium product for the speciality chemical, battery and aeronautical industries. Preliminary base metal (Co, Ni, Cu) recovery testwork focused on the non-magnetic (tailings) fraction from the magnetic separation process delivered highly encouraging flotation concentrates with a combined base metal content of 10% - 15%, containing up to 2.31% Co, 4.47% Ni and 9.50% Cu. All diamond core from the diamond drilling holes completed in the North and Central pit areas of the Northern Block (17 holes for 2,406.1m), including the bulk sample generation large diameter diamond holes (21 holes for 1,444m), has been cut and sampled and is in the laboratory in Perth for analysis. Initial assay results are being received by the Company and will be reported when fully compiled and reviewed over the coming weeks. Comminution testwork in support of the DFS and other metallurgical /equipment vendor testwork is underway utilising representative sections of whole diamond drill core selected and removed by the company's metallurgical consultants prior to cutting and sampling of the drill core. This work will enable correct sizing and operating parameters of key components of the processing circuit to be included in the DFS. Processing of diamond core from the Southern Tenement (4 holes for 610.1m) will occur once all of the Northern Block (proposed North and Central Pit areas) core has been processed. Geotechnical studies utilising data from the recently completed 21 hole diamond drilling program at both the Northern Block and Southern Tenements is nearing completion. Findings from these studies will be incorporated in to the mining studies to be undertaken on the updated mineral resource estimate, with the expectation that this work will enable steeper overall pit slope angles than those used in the pre feasibility study open pit designs. An initial program of RC drilling focused on sterilisation/assessment of the northern extent of the mineralisation on strike from the proposed North Pit, dewatering assessment in and adjacent to the current proposed North and Central pit areas and exploration for process water sources within the company's existing tenure has been completed. Data from this program, including assays for samples from the sterilisation drilling, will be collated in the coming weeks and reported when available.