Neometals Media

  • Neometals advances integrated lithium plans

    Perth-based battery metals developer Neometals is progressing its plans to become a fully integrated supplier of downstream lithium products as well as a recycler of used lithium-ion batteries. It aims to finalise engineering design for its proposed 10,000 t/yr lithium hydroxide plant at Kalgoorlie, as well as advance offtake negotiations and gain necessary development approvals, in 2019. continue reading
  • Neometals agrees the sale of Mt Marion equity for $A104 million and retains offtake rights

    Chris Reed's Neometals has offloaded its 13.8 per cent stake in the Mt Marion lithium project near Kalgoorlie, releasing $104 million for the company to pursue its downstream processing ambitions. Neometals' joint venture partners in Mt Marion - Mineral Resources and China's Gangfeng - have agreed to buy out the minority stake, taking their ownership to 50-50. continue reading
  • Neometals' Barrambie titanium-vanadium project back on schedule

    Chris Reed's Neometals has dusted off long-stalled plans for its Barrambie titanium-vanadium project 80km north-west of Sandstone on the back of surging prices for the metals. The company announced late last week it would revisit and update a 2009 definitive feasibility study on the project in light of the new market fundamentals. continue reading
  • Mt. Marion JV partners agree spodumene concentrate off-take prices with partner Ganfeng

    500,000 tonnes were recently added to the Mt Marion resource, which stands at 71.3 million tonnes at 1.37% lithium oxide. The 6% spodumene concentrate prices for the two quarters post July 1, 2018 have been agreed as follows: For shipments departing July 1, 2018 to September 30, 2018: US$1,070.85 per dry metric tonne (CIF); and for shipments departing October 1, 2018 to December 31, 2018: US$930.80 per dry metric tonne (CIF). continue reading
  • Albemarle expedites Australian projects over Chile

    Australian producers, who extract lithium from hard rock, are increasingly viewed as the cheapest producers of lithium hydroxide, reversing the traditional industry dynamic which has ensured the lowest cost producers are those in Chile and Argentina who turn briny water into lithium carbonate. The owners of the Mount Marion lithium mine (Neometals, Mineral Resources and China's Ganfeng) are also plotting a lithium hydroxide plant, while Mineral Resources had separately debated whether to build a lithium hydroxide plant to accompany its Wodgina mine in Australia or in Asia. continue reading
  • Neometals offers five great opportunities for the price of one

    One of the first rules of investing is don't put all your eggs in one basket. Diversification adds layers of protection and opens up new opportunities as you will read below. Neometals Ltd. is not just another lithium company as they also have nickel, titanium, vanadium and coming soon, processing and recycling. Neometals has two key divisions - a fully integrated lithium business and a titanium-vanadium development business. Both are supported by proprietary technologies that assist downstream integration through revenue enhancement and cost efficiencies. continue reading
  • Neometals to target non-Chinese battery markets

    Neometals is targeting international markets outside China for product from its proposed Kalgoorlie lithium refinery. Mr Reed said he remains confident the plant, which if approved will be built just 5km outside of Kalgoorlie-Boulder, will be a long term business opportunity for the mining company turned battery metals technologist. Neometals banked its first $6.2 million profit distribution from its minority owned Mt Marion lithium mine, 40km south-west of Kalgoorlie-Boulder, yesterday. continue reading
  • The Battery Boom Has Created a New Lithium Superpower in China

    "It's changed the face of the industry -- you had the big three and now you've gone to the big five," said Mike Tamlin, chief operating officer of Neometals Ltd., a partner with Gangfeng and Mineral Resources Ltd., in the Mt. Marion mine in Western Australia. "Arguably the pecking order in the big five has changed" with the expansion of Ganfeng and Tianqi Lithium Corp., he said. continue reading
  • WA leads global shakeup in lithium processing

    Junior lithium miner Neometals is another WA-based ASX-listed player with processing ambitions. In June, Neometals, which has also developed a lithium battery recycling process, entered an option agreement with the City of Kalgoorlie-Boulder to sub-lease a plot of industrial land where it plans to build a lithium hydroxide refining facility. Neometals is planning to establish a 10,000tpa refining facility to upgrade spodumene concentrate from the Mount Marion lithium mine. continue reading
  • Neometals Ltd: Aim to Create the Most Sustainable Highest-Margin Lithium Business, Interview with Mike Tamlin, COO

    According to Mr. Tamlin, Mt Marion mine has reached maximum production capacity, at a time when the lithium prices are at an all-time high. From the third quarter of this year, Mt Marion Mine is planning to start paying the mine JV shareholders their share of profits. Revenues are very strong and looking to go stronger when the concentrator production is upgraded, later in 2018. The Kalgoorlie Lithium Refinery, which will produce 10,000 tonnes of lithium hydroxide equivalent per annum, is in the middle of its front-end engineering and design phase. The site is well-located and well-serviced. continue reading
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