Neometals wholly owns Barrambie which has a granted mining lease and has been extensively explored and developed since 2003.
Barrambie is located approximately 80km Northwest of Sandstone in Western Australia and is one of the largest vanadiferous-titanomagnetite (“VTM”) resources globally (280.1Mt at 9.18% TiO2 and 0.44% V2O5)*, containing the world’s second highest-grade hard rock titanium resource (53.6Mt at 21.17% TiO2 and 0.63% V2O5)* and high-grade vanadium resource (64.9Mt at 0.82% V2O5 and 16.9% TiO2) subsets based on the latest Neometals 2018 Mineral Resource Estimate*.
Barrambie is a large and unique ‘mine-ready’ development opportunity benefiting from an exceptionally high titanium resource/reserve grades in a Tier 1 jurisdiction. Securing access to large, high grade chloride feedstock sources is a strategic imperative to downstream users for sustainable production of pigments and metal alloys.
Strong interest exists for investment into Barrambie. Multiple options are being pursued with other parties regarding potential development options.
