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Neometals enters first sub-licence agreement for the Neomet Process technology

The sub‐licence agreement will enable the technology to be applied by a third‐party joint venture.

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Neometals has achieved a milestone

Neometals Ltd (ASX:NMT) has achieved a milestone, following its wholly-owned subsidiary, Alphamet Management Pty Ltd, entering into the first sub-license agreement for the application of the Neomet Process.

The patented, environmentally friendly process technology has broad applications in the recovery of a wide range of metal oxides from chloride leach solutions.

Next steps

Subject to satisfactory pilot testing, the agreement will see the Neomet Process technology used at a steel mill in the Republic of Serbia to recover zinc, copper, iron, silver and lead from a new modular EAF Dust Processing plant.

The company sees this agreement as a solid step forward in its strategy to develop and hold a portfolio of royalty interests from sub‐licencing the technology in addition to deploying the process on its Barrambie Titanium Project.

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

Neometals has a strategic alliance with the Australian Engineers, Sedgman Limited, to provide the platform for the commercialisation of the technology, at no cost to Neometals.

Quick facts: Neometals Ltd

Price: 0.36 AUD

ASX:NMT
Market: ASX
Market Cap: $196.33 m
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