For thousands of other reports visit RSC's Mineral Intellingence Map
Neometals Ltd.
Summary
| Project: | Barrambie | |
|---|---|---|
| Deposit: | Barrambie | |
| Location: | Australia | |
| Commodities: | Titanium-Vanadium-Iron | |
| Date: | 5/22/2019 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 22-5-2019: Neometals Ltd. announces a Feasibility Study report for its Barrambie deposit at the Barrambie project. DFS results incl. post-tax NPV of A $199M (10%), IRR of 15%, 15yr LOM at the project. Industrial mineral and advanced materials project deve | |
| Resources: | (Reserve, Prob.): 39.9Mt @ 0.78% V2O5, 15.1% TiO2, 46.4% Fe2O3 | |
| CP/QP: | [Resources]: John Graindorge (Snowden Mining Industry Consultants Pty Ltd.) | |
| ABSTRACT: | Industrial mineral and advanced materials project developer, Neometals Ltd (ASX: NMT) (“Neometals” or the “Company”), is pleased to announce the completion of an update to its 2009 Definitive Feasibility Study (“RevisedDFS”) that considered primary vanadium production from the conventional salt roast-leach process at its 100% owned Barrambie Vanadium-Titanium-Magnetite (“VTM”) project (“Barrambie”). The RevisedDFS used the latest Neometals 2018 Mineral Resource Estimate as a basis (see Neometals ASX announcement dated 17th April 2018, titled ‘Updated Barrambie Mineral Resource Estimate’ available at www.neometals.com.au). The Revised DFS establishes Ore Reserves, estimated using the guidelines of the 2012 edition of the Australian Code for Reporting Exploration Results, Mineral Resources andOre Reserves “(JORC Code (2012))”. It also confirmsthe strong technical and financial merits of producing high purity vanadium pentoxide and ferrovanadium, primarily from Barrambie Central Band ore. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report