Overview

The Opportunity

Neometals is planning to exploit one of the world's highest grade hard rock titanium deposits by employing a proprietary acid leach process to produce high purity TiO2, Fe2O3 and V2O5 from the Barrambie deposit.

The process route shows potential to operate at lowest quartile costs.

The Deposit

Barrambie's Eastern Band is one of the highest grade hard rock titanium deposits globally and contains a Mineral Resource (2005) of 48Mt @ 22% TiO2.

The Company has previously completed a Definitive Feasibility Study into the production of FeV from Barrambie ore in 2009.

The Process Route

Formal laboratory scale test work in Canada has confirmed high-purity (>99%) titanium dioxide can be precipitated selectively from a leach solution at recoveries greater than 90%.

The Plan Forward

Neometals plans to undertake full pilot plant evaluation of the proprietary hydrometallurgical technology in FY 15/16. Subject to the success of the full pilot scale test work it is Neometals’ intention to proceed to Feasibility Study. The currently preferred project development strategy is to advance the project to a suitable stage of evaluation to obtain a titanium industry partner who would fund and operate the development of the Barrambie project on a shared equity or joint - venture basis.

 

2017-07-14 17:57:57

Project updates

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  • Appointment of Chief Development Officer to drive titanium

    Neometals Ltd is pleased to advise that it has significantly strengthened its executive team with the appointment of experienced mining executive Mr Darren Townsend as Chief Development Officer.

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  • Barrambie Titanium Project - Update

    Neometals commences pilot‐scale beneficiation test work on Barrambie ore to produce concentrates for the ‘Neomet Process’ Pilot Plant and for a Direct Shipping operation.

    Significant high‐grade intercepts returned from recent metallurgical drilling include:

    40.0 metres at 34.6% TiO2 and 0.72% V2O5, from surface
    40.0 metres at 34.4% TiO2 and 0.66% V2O5, from surface
    40.0 metres at 34.1% TiO2 and 0.70% V2O5, from surface
    40.0 metres at 33.6% TiO2 and 0.64% V2O5, from surface
    40.0 metres at 31.8% TiO2 at 0.85% V2O5, from surface
    40.0 metres at 31.5% TiO2 and 0.69 % V2O5, from surface

    Significant intercepts returned from maiden exploration drilling at Virginia Hills prospect includes:

    14 metres at 18.2% TiO2 and 0.47% V2O5
    18 metres at 18.1% TiO2 and 0.42 % V2O5

    The full announcement can be downloaded here:
    http://www.neometals.com.au/reports/817-1712787.pdf

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  • Quarterly Activities Report

    Titanium test work completed

    Process design improvements identified and successfully tested

    Evaluation of process design improvement commenced

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  • Exclusive licence of proprietary processing technology

    Neometals Ltd refers to its announcement dated 10 December 2016 that it had entered into a binding term sheet for a global (*) exclusive licence of proprietary technology for the extraction and recovery of minerals and metals. Neometals is pleased to advise that the relevant parties have entered into the formal agreements contemplated by the term sheet.

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  • Quarterly Activities Report

    Secured exclusive licence (excluding Russia and China) for proprietary process which was the subject of recent Pre‐feasibility Study which confirmed technical feasibility and financial viability of a licenced to produce +99% pure titanium dioxide (TiO2).

    PFS indicates potential lowest quartile operating cost per tonne of pure TiO2 produced after by‐ product credits.  Pre‐tax NPV12% US$355 million.

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  • Secures exclusive rights to proprietary technology

  • Research Report

    Neometals Ltd (ASX: NMT) (Neometals or Company), advises that a research report has been received from London-based investment bankers, Hallgarten & Company.

    The report can be downloaded from this link: http://www.neometals.com.au/reports/601-NMT_Barrambie_PFS.pdf

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  • Barrambie Pre Feasibility Study Results

    • Confirmation of the technical feasibility of a licenced proprietary process to produce +99% pure titanium dioxide (TiO2).
    • Potential for lowest quartile operating cost per tonne pure TiO2 produced after co-product credits.
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  • Neometals continues non-core asset divestment programme

    Neometals Ltd is pleased to announce that it has signed a binding Memorandum of Understanding with a private mining group regarding the acquisition and farm-in of the gold rights over the Company’s Forrestania Nickel and part of the Barrambie Titanium projects.

    Under the agreement, the Group will acquire Neometals’ gold rights over the Forrestania Project  which are held by Neometals’ subsidiary, Reed Exploration Pty Ltd for $200,000, which has been received.

    The Group will earn a 75% interest in the gold rights of two exploration licences within the Barrambie Project, which is 100% owned by Neometals’ subsidiary, Australian Vanadium Corporation Pty Ltd via spending $500,000 on exploration on the Barrambie Project over 2 years, with a minimum spend of $150,000 in the first year.

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  • Quarterly Activities Report

    Optimisation testwork producing high-purity titanium dioxide via a proprietary hydrometallurgical process continues in Canada.

    Sedgman and Snowden Mining Industry Consultants advancing Pre-feasibility Study, completion set for June Q 2015.

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