Sign up Australia
Proactive Investors - Run By Investors For Investors

Neometals commences test work at one of the world’s highest‐grade titanium deposits

Neometals is well-funded with $46.5 million in cash at the end of June 2017.
Neometals commences test work at one of the world’s highest‐grade titanium deposits
Neometals has mapped out a clear plan at Barrambie

Neometals Ltd (ASX:NMT) has commenced pilot‐scale beneficiation test work as it advances development plans for the Barrambie Titanium Deposit, which is located in Western Australia.

Barrambie is one of the world’s highest‐grade titanium deposits.

The aim of the test work is to produce concentrates for the ‘Neomet Process’ Pilot Plant and for a direct shipping ore operation.

Recent metallurgical drilling delivered: 40.0 metres at 34.6% titanium dioxide and 0.72% vanadium from surface; 40.0 metres at 34.4% titanium dioxide and 0.66% vanadium from surface; and 40.0 metres at 34.1% titanium dioxide and 0.70% vanadium from surface.

The revised Neomet Process will undergo pilot trials in late 2017.

Neometals plans to licence the Neomet Process to titanium industry partners.

The license will be conditional on the entry into a long‐term, take‐or-pay off-take agreement, for Barrambie titanium concentrates.

Metallurgical pilot test work details

Neometals has commenced the pilot scale beneficiation test work at Nagrom Metallurgical laboratories in Perth.

The concentrate that will be produced will be supplied to Chinese titanium producers and for the pilot scale test work of the Neomet Process at the company’s facility in Montreal, Canada.

Analysis

Neometals has mapped out a clear plan at Barrambie, starting with the above pilot scale beneficiation test work.

This will be followed by a pilot scale hydromet test work in the December quarter 2017, and then decisions on direct shipping ore, toll treatment and / or off-take in the March quarter 2018.





Register here to be notified of future NMT Company articles
View full NMT profile View Profile

Neometals Ltd Timeline

Newswire
September 05 2017

Related Articles

gold bars
September 18 2017
Shanta Gold's recent production ramp-up in Tanzania is unlikely to be derailed by the current uncertainty there
picture of miners
September 04 2017
In August, the Aussie-listed group said production to June 2018 should be between 80,000-90,000 ounces of gold.
Gold Road Resources' Ian Murray with investors at Proactive's CEO Sessions
October 06 2017
Ian Murray discussed gold exploration plans with investors at Proactive's CEO Sessions.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use