NEOMETALS LTD

Neometals is putting gold back at the centre as a near-term growth driver and aims to quickly bring the Ironclad deposit at the Barrambie project in Western Australia into production. The company is relying on contractor-led joint ventures to minimise upfront investment and accelerate the transition from exploration to cash flow. Neometals has just under 4 million AUD in liquidity and expects further funding from partners to finance it through to a final investment decision. At the same time, the company retains interests in lithium/potash brine (Utah), vanadium in Finland and copper exploration at Rinaldi, but is focusing short-term development on Barrambie. » Mere på de.investing.com

Neometals, through its joint venture Reed Advanced Materials, has signed a non-binding memorandum of understanding with Rio Tinto to jointly validate the ELi process technology for lithium extraction. The aim is to significantly reduce operating costs in converting lithium chloride brine to lithium hydroxide through optimization tests and potential pilot plants. The collaboration could lead to a further commercial agreement, but is currently neither exclusive nor binding. » Mere på goldseiten.de

Neometals Ltd. has announced the first mineral resource estimate for the Ironclad prospect within the Barrambie gold project in Western Australia. The estimate indicates inferred resources of approximately 250,000 tonnes with a gold grade of 1.6 g/t, equivalent to about 13,000 ounces of gold. The company plans further exploration and evaluation activities to unlock the project's potential. » Mere på goldseiten.de