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

Barrambie Titanium Vanadium Project

Project updates

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  • Barrambie - Outstanding Titanium Test Work Results

    News

    Key milestone achieved for the all-hydrometallurgical process flowsheet to recover titanium and vanadium chemicals from Barrambie.

    Independent test-work generates high purity (+99%) titanium chemical at high recovery rate (+98%).

    Construction of Australian pilot plant materially complete - titanium processing imminent.

    Commenced preparation in Australia of concentrate feedstocks for proposed demonstration plant.

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  • MOU for JV to develop Barrambie

    MOU with China's IMUMR to jointly evaluate and potentially develop Barrambie Titanium-Vanadium Project.

    MOU sets out a pathway towards a commercial production JV.

    IMUMR is a recognised leading metallurgical institute in China with acknowledged expertise and relations with global titanium-vanadium production houses.

    Agreement supports Neometals' strategy of attracting strong partners to realise value from its globally significant assets.

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  • Barrambie Vanadium DFS Results and Start of Titanium Pilot

    Neometals confirms primary production of vanadium pentoxide and ferrovanadium from vanadium-rich Central Bands to be technically feasible and economically viable.

    Revised DFS focused on vanadium production only (primarily from Central Bands). Next step to determine how to extract value from titanium which represents ~95% of contained Barrambie resource metal.

    Commenced staged pilot-scale evaluation of conventional hydrometallurgical flowsheets to recover titanium and vanadiumfrom the titanium-rich Eastern Band.

    Pilot to provide data to upgrade the accuracy of 2015 PFS to DFS standard and determine optimal flowsheet to process 'whole of deposit' before commencing a FEED Study.

    A Canadian NI 43-101 Technical Report is nearing completion as a capstone document for ongoing offtake, partner and financing discussions

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  • Completion of Mt Marion Sale and Strategy Guidance

    Neometals cash balance at ~AUD$131 million plus ~AUD$7 million in listed investments.

    Core strategy remains to de-risk and develop long life projects with strong partners and integrate down the value chain to increase margins and return value to shareholders.

    Neometals Board has refined short-term project development priorities:

    • Driving the Barrambie Project's engineering, approvals and financing processes toward a Final Investment Decision for the development of a primary vanadium operation in 2019;
    • Completion of the lithium-ion battery recycling pilot and feasibility study in parallel with market qualification, partner and approvals processes; and
    • Advancing design and approvals activities for the Lithium Refinery Project and proving-up of zeolite co-product opportunity.
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  • Neometals Commences Update Of Barrambie DFS

    Industrial minerals project developer, Neometals Ltd, is pleased to announce the formal commencement of an update to its 2009 Definitive Feasibility Study that considered primary vanadium production from the traditional salt roast-leach operation at the Barrambie Vanadium-Titanium-Magnetite project. The updated DFS will be JORC 2012 compliant based on the latest Neometals 2018 Mineral Resource Estimate (see Neometals ASX announcement dated 17th April 2018).

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  • Neometals to demerge Barrambie Titanium / Vanadium Project

    Neometals to demerge Barrambie Titanium - Vanadium Project and associated non-lithium technology assets, subject to shareholder/regulatory approvals and third-party consents.

    Demerger will allow Neometals to focus on developing its fully-integrated lithium business, underpinned by offtake rights to Mt Marion lithium concentrate.

    New ASX-listed entity to focus on initial development of Barrambie as a direct shipping ore operation with continued evaluation of subsequent on-site production of high – purity titanium and vanadium chemicals.

    Neometals shareholders to receive shares in the new entity via an in-specie distribution. Demerger expected to be completed in the March 2019 quarter, subject to approvals and consents.

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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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