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Neometals passes $6M buy-back milestone

Neometals held $45.5 million in cash at the end of June 2017.
Neometals passes $6M buy-back milestone
Under the program another 6.6 million shares can be purchased

Neometals Ltd (ASX:NMT) continues its on-market buy-back, and has now purchased over 21.5 million shares for circa $6 million.

Neometals currently holds a 13.8% stake in the globally-significant Mt Marion Lithium Project in Western Australia.

Minerals Resources Ltd (ASX:MIN) (43.1% stake) is the project operator and Australia’s largest contract minerals processor.

The final partner is Ganfeng Lithium (43.1% stake), which is China’s largest, most diverse lithium producer.

Neometals updates from Mount Marion following Mineral Resources results

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