Mar 18, 2019
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.
Nov 16, 2018
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).continue reading
Aug 16, 2018
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.continue reading
Jul 11, 2018
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.continue reading
May 8, 2018
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.continue reading
Apr 17, 2018
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.continue reading
Mar 12, 2018
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.continue reading
Nov 8, 2017
Barrambie Titanium Project - Update
Sep 21, 2017
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.continue reading
Sep 11, 2017
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:continue reading