Proactive Investors - Run By Investors For Investors

Neometals supports Hannans’ lithium gold and nickel exploration strategy

A lithium discovery could have synergistic benefits for Neometals.
Lithium – State of Play in the South West
The state of play for lithium in the southwest of Western Australia

Neometals Ltd (ASX:NMT) is the major shareholder of Hannans Ltd (ASX:HNR) with a 36% holding and supports its development of lithium,  nickel and gold assets in Western Australia.

Of focus is its Forrestania / Mt Holland project, in an area known globally as hosting a world-class nickel sulphide camp, gold mine and one of the largest hard rock lithium deposits globally.

Mt Holland East is the highest priority target

Hannans exploration goal at Mt Holland is to discover a lithium deposit comparable to the globally significant Earl Grey and or a 1+ million ounce gold deposit comparable to Bounty.

Mt Holland East has been identified as the area most likely to host a major lithium and or gold deposit.

Hannans is working towards commencing the first phase of shallow auger drilling to test for lithium and gold at Mt Holland East.

Mt Holland West targeting lithium

The Mt Holland West Project was acquired in September 2016 and has had three phases of geochemistry drilling completed on it to date.

The project covers the western margin of the potential source granite to the pegmatites hosting the Earl Grey lithium mineralisation.

The fourth phase of drilling is planned in June-July.

Forrestania Nickel target

The area is also a world-class nickel sulphide province thanks to the discovery by Western Areas Ltd (ASX:WSA), Australia’s second-largest nickel sulphide miner.

Hannans has postponed its joint venture process and engaged Newexco Services to complete a review of it’s the Forrestania Nickel prospect.

WATCH: Neometals Ltd looking to move downstream towards lithium chemical production

View full NMT profile View Profile

Neometals Ltd Timeline

Related Articles

A flow sheet aims to recover more than 90% of battery materials at a pilot plant
February 20 2019
A battery-recycling pilot plant at Lakefield in Canada advances its lithium efforts.
Copper Blow project on an Australian map
February 07 2019
Exploration is ongoing at Copper Blow where the company aims to establish a resource.
October 20 2018
Montero Mining already has an attractive lithium portfolio in Namibia

© Proactive Investors 2019

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