Sign up Australia
Proactive Investors - Run By Investors For Investors

Neometals increases Mt Edwards nickel resource to 123,340 tonnes

155% increase in contained nickel from Neometals' maiden April 2018 resource.
nickel on the elementary table
Neometals recently expanded the project area

Neometals Ltd (ASX:NMT) has increased the nickel resource at its Mt Edwards Project in Western Australia to 7.4 million tonnes at 1.7% nickel for 123,340 tonnes of contained nickel.

The company has achieved an increase of 155% in contained nickel from its maiden April 2018 resource following completion of the acquisition of tenements held by Apollo Phoenix Resources.

READ: Neometals completes acquisition of Mt Edwards lithium project

The package covers 240 square kilometres and includes the Mt Edwards Lithium Project, which is located 40 kilometres south of the operating Mount Marion Lithium Project of which Neometals owns a 13.8% equity interest.

Notably, the Mount Marion Lithium Project includes one of the world’s biggest lithium concentrators.

The acquisition of the Mt Edwards Lithium Project adds a prospective brownfield holding to the pipeline of potential additional sources of spodumene to support Neometals’ strategy to build an integrated lithium business.

READ: Neometals sends titanium vanadium bulk sample to China for potential off-take partners

The company is also shipping a 53-tonne bulk sample to China from its Barramble Titanium Vanadium Project in Western Australia.

The sample is from the high-grade part of the deposit which has the potential to be the main feed source for a direct shipping ore (DSO) operation.

Neometals is currently progressing the dual-track evaluation of DSO and integrated titanium/vanadium chemical production at Barramble.

View full NMT profile View Profile

Neometals Ltd Timeline

Related Articles

Picture of green hills in Serbia
July 21 2018
Taor held two exploration licences totalling around 100 sq km adjacent to the Suva Ruda licence
March 14 2018
Orosur Mining is making great strides in its Colombian exploration programme
November 02 2018
The gold mining sector is beginning a period of consolidation

© Proactive Investors 2018

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