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.

 

2018-05-16 17:32:35

Project updates

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  • Barrambie - Positive Test Work Results

    Receipt of highly encouraging initial Chinese metallurgical results.

    Clean mixed mineral concentrate produced with combined Titanium, Vanadium and Iron levels of >92%.

    Metallurgical processing of mineral concentrate gave recoveries of >90% TiO2 and high recoveries for pig iron and vanadium product streams.

    Results provide strong encouragement that a simple and conventional processing pathway can be developed to extract titanium, vanadium and iron products.

    Supports next stage of Pilot‐scale metallurgical test work.

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  • Barrambie DSO Project Update

    Bulk sample mining and collection complete and ready for shipping to China.

    Metallurgical test work program at leading Chinese research institutes planned to produce concentrates before smelting to produce titanium and vanadium slags.

    11 tonne bulk sample retained to provide feedstock for Australian laboratory test program collected.

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  • Barrambie Project - Mineral Resource Update

    Total Indicated and Inferred Mineral Resource estimated to be 280.1 million tonnes at 9.18% TiO2 and 0.44% V2O5 to 80m vertical depth.

    Contained Titanium Dioxide (TiO2) in Total Mineral Resource estimate exceeds 25 million tonnes.

    Contained Vanadium Pentoxide (V2O5) in Total Mineral Resource estimate exceeds 1.2 million tonnes.

    High Grade Titanium subset of Total Mineral Resource estimate of 53.6 million tonnes at 21.17% TiO2 and 0.63% V2O5.

    High Grade Vanadium subset of Total Mineral Resource estimate of 64.9 million tonnes2 at 0.82% V2O5 and 16.90% TiO2.

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  • Barrambie Project Update

    Direct Shipping Ore evaluation continuing with negotiations for mining, haulage and port handling for bulk sample in progress. Marketing visit to China in progress.

    Grade control drilling in the proposed bulk sample pit confirms continuity, dimensions and tenor of high-grade mineralisation.

    Exploration drilling confirms continuity over 8 kilometers of strike of vanadium-titanium mineralisation at the Virginia Hills prospect located west of Barrambie.

    Virginia Hills is interpreted to be the western limb of the folded Barrambie sequence.

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  • Barrambie Titanium Project - Update

  • 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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