Technology Metals Australia Limited provided an update on progress of the definitive feasibility study at its Gabanintha Vanadium Project. Stage 1 drilling has been completed in the North Pit area, consisting of 9 holes for a total of 1,659m, divided in to 521m of RC drilling and 1,138m of diamond drilling. Holes targeted the depth extension of the Mineral Resource, provided geotechnical data for the proposed open pit walls and generated additional sample for metallurgical testwork. The Company has also completed the acquisition of the 1.5% net profit interest over E51/1510 and P51/2785, the tenements that cover the proposed North Pit and associated supporting infrastructure. The consideration for the acquisition consists of fully paid TMT shares upon the satisfaction of a number of milestones. The acquisition of the Royalty is very positive for the future development, and enhances the economics, of the Project. The DFS has made significant progress since formal commencement on Tuesday 31 July 2018, maintaining the momentum and focus generated through the delivery of the pre-feasibility study.