Technology Metals Australia Ltd has suspended trading with pending capital raising news


The company’s shares will remain on hold until Thursday, September 23 or when an announcement is released to the market.

Technology Metals Australia Ltd (ASX: TMT) has been granted a trading stop by ASX as it prepares to make a fundraising announcement.

The stop will remain in place until the start of regular trading on Thursday, September 23, or until an announcement is posted to the marketplace, whichever comes first.

Latest news from Yarrabubba

Technology Metals is undertaking resource drilling on the Yarrabubba iron-vanadium-titanium project in Western Australia and has identified thickening areas of massive magnetite.

Promisingly, the company is confident this will increase estimates of mineral resources and ore reserves at Yarrabubba, south of Meekatharra in Western Australia.

Geological modeling work is underway ahead of an update of the Yarrabubba mineral resource estimate, with analysis results from RC and diamond drilling programs to be incorporated into the resource model.

Technology Metals is focused on identifying exploration projects in Australia and abroad to discover commercially important mineral deposits.


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