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Neometals Ltd.
Summary
| Project: | Barrambie | |
|---|---|---|
| Deposit: | Barrambie | |
| Location: | Australia | |
| Commodities: | Titanium-Vanadium-Iron | |
| Date: | 11/8/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 8-11-2017: Neometals Ltd. announces an Exploration/Drilling Update report for its Barrambie deposit at the Barrambie project. Drilling results incl. 71m @ 34.1% TiO2, 0.86% V2O5 from 0m. Further to the announcement on the 11th September, Neometals Ltd (AS | |
| 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: | Further to the announcement on the 11th September, Neometals Ltd (ASX: NMT) (“Neometals”) is pleased to provide an update on results from recent drilling at its Barrambie Titanium Deposit, one of the world’s highest-grade titanium deposits. During the July quarter, twenty (20) holes were drilled within the TiO2 starter pit area for the purpose of collecting samples for metallurgical testwork. Results announced previously related only to the top 40 metres of each hole, corresponding to the planned depth of the initial starter pits. Holes were drilled using diamond drilling techniques producing PQ core samples, which were then geologically logged on site, and shipped to Perth for cutting and quarter core sampling. Sampling was conducted on 1m intervals downhole, whilst geological logging was completed in sufficient detail to support reporting of Exploration Results. Logging was both qualitative and quantitative; full descriptions were recorded on standard logging forms of lithology, alteration, and oxidation as well as percentage estimates of alteration minerals, and veining. Sample preparation and analysis was conducted by Intertek. Whole rock analysis of a standard iron ore suite was conducted by lithium borate fusion and ICP finish. The beneficiation (variability) test work will be completed this month and the majority of the concentrates will be freighted to the Company’s laboratory in Montreal for the scheduled pilot plant testing of the Neomet Process in Canada. The Company plans to commence pilot testing in the June Quarter 2018 after the Lithium-ion Battery Recycling pilot campaign, which will be commissioned in December. | |
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