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

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

Neometals is well-funded with $46.5 million in cash at the end of June 2017.

Neometals titanium deposits

Neometals has mapped out a clear plan at Barrambie

Neometals Ltd (ASX:NMT) has commenced pilot‐scale beneficiation test work as it advances development plans for the Barrambie Titanium Deposit, which is located in Western Australia.

Barrambie is one of the world’s highest‐grade titanium deposits.

The aim of the test work is to produce concentrates for the ‘Neomet Process’ Pilot Plant and for a direct shipping ore operation.

Recent metallurgical drilling delivered: 40.0 metres at 34.6% titanium dioxide and 0.72% vanadium from surface; 40.0 metres at 34.4% titanium dioxide and 0.66% vanadium from surface; and 40.0 metres at 34.1% titanium dioxide and 0.70% vanadium from surface.

The revised Neomet Process will undergo pilot trials in late 2017.

Neometals plans to licence the Neomet Process to titanium industry partners.

The license will be conditional on the entry into a long‐term, take‐or-pay off-take agreement, for Barrambie titanium concentrates.

Metallurgical pilot test work details

Neometals has commenced the pilot scale beneficiation test work at Nagrom Metallurgical laboratories in Perth.

The concentrate that will be produced will be supplied to Chinese titanium producers and for the pilot scale test work of the Neomet Process at the company’s facility in Montreal, Canada.

Analysis

Neometals has mapped out a clear plan at Barrambie, starting with the above pilot scale beneficiation test work.

This will be followed by a pilot scale hydromet test work in the December quarter 2017, and then decisions on direct shipping ore, toll treatment and / or off-take in the March quarter 2018.