Metallurgical Drilling Commences at the Australian Vanadium Project

Highlights:
• Metallurgical diamond drilling program has commenced
• Program will provide oxide, transitional and fresh core for Pilot Plant metallurgical testwork
• Program to incorporate:
➢ Large tonnage collection to simulate and refine processing circuit
➢ Increased resolution of high-grade material types
➢ Improved geotechnical information
➢ Detailed analysis using new spectral and XRF core scanning technologies
• Drilling program to focus on proposed pit area
• Engineering studies and environmental work programs to continue in parallel to drilling