Neometals Ltd (ASX: NMT, OTC: RDRUY) is a Western Australian minerals project developer. Neometals' projects include:
High-grade lithium mining operation located 35km south west of Kalgoorlie in JV with one of China's largest lithium producers Jiangxi Ganfeng Lithium Co., Ltd and a local mining services business, Mineral Resources (NMT 13.8% | Ganfeng 43.1% | MIN 43.1%).
Neometals and Mt Marion co-owners, Mineral Resources, have signed an MoU to investigate the production of a high purity lithium hydroxide chemical for sale to the cathode industry for use in the production of lithium batteries. The lithium hydroxide plant is expected to be located near the mine in Kalgoorlie.
Neometals is planning to capitalise on growth in the energy storage market by commercialising its proprietary process for producing high purity LiOH. The process route shows potential to operate at lowest quartile costs for LiOH.
Alphamet's (a subsidiary of Neometals Ltd) "Neomet Process" is an energy efficient and environmentally friendly proprietary process designed to effectively extract valuable metals for a wide spectrum of base, light and precious metal oxides and sulphides, intermediates and waste feeds.
The Barrambie deposit is one of the world's highest grade hard rock titanium deposits. Neometals is currently investigating the potential to use a proprietary acid leach process to produce high purity TiO2, V2O5 and Fe2O3.
Company's proprietary ELi Process shows potential to operate at lowest quartile costs for LiOH.
Click to learn all about ELi process and how Energy storage is set to change the world.