viewNeometals Ltd

Neometals sees zeolite as way to boost lithium refinery project economics

Zeolite has been produced from spodumene leach residue via Neometals’ patent pending technology.

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The global zeolite market is estimated to be worth in excess of US$13 billion per annum

Neometals Ltd (ASX:NMT) has received results from analysis on several of its zeolite products against leading commercial counterparts in the market.

Importantly, the testwork results showed that Neometals’ product quality is comparable to industry leading zeolite products.

The success of the bench scale testwork has justified progressing to the next phase of development, demonstrating the technology at a pilot scale, set to commence in the September quarter.

Assuming a successful pilot test‐work program, Neometals plans to use the data derived from the pilot plant to commence a class 3 engineering cost and feasibility study.

READ: Neometals signs binding MoU to consider developing India’s first lithium refinery

Neometals’ managing director Chris Reed said: “The unequivocal demonstration of the ability to convert lithium refinery leach residue waste into high value zeolite products further demonstrates the company’s ability to identify and develop an opportunity to improve the economics and environmental sustainability of our downstream lithium chemical strategy.

“We look forward to announcing the expected capital and operating costs when they become available.”

Zeolite could improve refinery project economics

Zeolite materials are produced as both naturally occurring and synthetic materials.

Synthetic zeolites such as those produced by Neometals’ process at bench‐scale, are typically used in more demanding industrial applications such as molecular sieves for natural gas dehydration, air and hydrocarbon purification.

The initial driver for the development of zeolite from lithium refinery leach residue was to improve project economics for a refinery development by lowering waste disposal costs and increasing co-product revenue.

Quick facts: Neometals Ltd

Price: 0.235 AUD

Market: ASX
Market Cap: $128.16 m

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