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Neometals Ltd.

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Summary

Project:

Barrambie

Deposit:Barrambie
Location:Australia
Commodities:Titanium-Vanadium-Iron
Date:4/17/2018
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Feasibility Study
Report details:17-4-2018: Neometals Ltd. announces a Resource Estimation report for its Barrambie deposit at the Barrambie project. Updated mineral resource estimate at project. reported in accordance with the 2012 Edition of the ‘Australasian Code for Reporting of Expl
Resources:(Resource, I+I): 280.1Mt @ 9.18% TiO2, 0.44% V2O5 at project
CP/QP:[Resources]: John Graindorge (Snowden Mining Industry Consultants Pty Ltd.)
ABSTRACT:reported in accordance with the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ prepared by the Joint Ore Reserves Committee of The Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia (“JORC Code”). The Mineral Resource estimate contains total Indicated and Inferred Mineral Resources of 280.1 million tonnes at 9.18% TiO2 and 0.44% V2O5 to a maximum depth of 80m, reported above a cut-off grade of 10% TiO2 or 0.2% V2O5 (Table 1 and Appendix B). Since the previous Barrambie Project Mineral Resource estimate, an additional 20 diamond drill holes (DDH) and 21 reverse circulation (RC) drill holes have been drilled. The 20 DDH campaign was focused within the Mineral Resource area for metallurgical testwork and each hole drilled down dip within the Eastern lode.

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