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Neometals Ltd.
Summary
| Project: | Barrambie | |
|---|---|---|
| Deposit: | Barrambie | |
| Location: | Australia | |
| Commodities: | Titanium-Vanadium-Iron | |
| Date: | 9/11/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 11-9-2017: Neometals Ltd. announces an Exploration/Drilling Update report for its Barrambie deposit at the Barrambie project. Drilling results incl. 40m @ 34.6% TiO2, 0.72% V2O5 from 0m. Neometals Ltd (ASX: NMT) (“Neometals”) is pleased to announce | |
| Resources: | (Resource, I+I): 47.2Mt @ 22.18% TiO2, 0.63% V2O5 at project | |
| CP/QP: | [Overall Report]: Clay Gordon (Advance Geological Consulting Pty Ltd.) | |
| ABSTRACT: | Neometals Ltd (ASX: NMT) (“Neometals”) is pleased to announce it has commenced pilot‐scale beneficiation test work as it advances development plans for Barrambie Titanium Deposit in WA, one of the world’s highest‐grade titanium deposits. The Company’s project engineers, Sedgman Ltd, have updated the Pre‐feasibility Study (“PFS”) with optimisation test work results using the Neomet Process to produce Titanium Hydrolysate (TiO2.2H2O). The associated engineering study indicates the Neomet Process can be integrated with existing titanium pigment plants at minimal cost and modification. The advantages of the revised combined process are reduced operating cost, easier operations, higher purity final products and improved environmental footprint. The original PFS, (see ASX announcement 25 August 2015) indicated potential operating costs of US$572/t titanium dioxide pigment. The current median price for high quality titanium dioxide pigment is US$2,950 per tonne on a CIF basis to USA (source: Industrial Minerals, 7 September 2017). The revised Neomet Process will undergo pilot trials in late 2017. Neometals plans to licence the Neomet Process to titanium industry partners conditional on the entry into a long‐term, take‐or‐ pay offtake agreement for Barrambie titanium concentrates. | |
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