Technology Metals Australia Limited provided an update on progress of drilling programs in support of the definitive feasibility study ("DFS") at its Gabanintha Vanadium Project ("Gabanintha" or "Project"). Stage 1 Project enhancement drilling program at Gabanintha, which consisted of 6,730m of Diamond and RC Drilling across the Northern Block of tenements and the Southern Tenement, has now been completed. Holes targeted infill and depth extension of the Mineral Resource, provided geotechnical data for the proposed open pit walls and generated additional sample for metallurgical test work. Large diameter diamond drilling designed to generate bulk sample for process plant equipment vendors and large scale metallurgical test work commenced on 22 September 2018. This drilling is expected to be completed by mid-October 2018. The recently completed capital raising enables the Company to maintain momentum and focus on the work required for the completion of the DFS. The stage 1 Project enhancement drilling program, which consisted of 6,730m of RC and Diamond drilling across 45 holes, was designed to: ·extend the Northern Block Mineral Resource estimate to increase the overall resource size and the Indicated Mineral Resource category /Probable Reserve estimate; provide geotechnical data, in particular for the footwall portions of the designed pre- feasibility study ("PFS") open pits, to provide sufficient data to enable a steepening of the designed open pit walls, thereby dramatically decreasing the overall strip ratio; generate additional diamond core sample for the ongoing metallurgical test work program, including testing by proposed process plant equipment suppliers; and upgrade, and convert part of, the Southern Tenement Inferred Mineral Resource estimate to the Indicated Resource category. The drilling program consisted of: 9 holes for a total of 1,651m, divided in to 524m of RC drilling and 1,127m of diamond drilling in the North Pit area, Northern Block of tenements (previously reported); 24 holes for a total of 3,643m, divided in to 2,364m of RC drilling and 1,279m of diamond drilling in the Central Pit area, Northern Block of tenements; and 12 holes for a total of 1,436m, divided in to 826m of RC drilling and 610m of diamond drilling in the Southern Tenement. Drilling was extremely successful across the Project area in both infilling and extending the defined mineralisation, with all holes targeting the resource intersecting broad zones of the basal massive magnetite mineralisation. The depth extension drilling typically targeted the basal massive magnetite mineralisation between 25 and 50m down dip of the current Indicated Mineral Resource /base of the designed "PFS" open pits. It is expected that a proportion of this previously defined Inferred Mineral Resource will be upgraded to Indicated Mineral Resource category and that the Inferred Mineral Resource will be extended down dip.