THE WEST: Neometals’ Barrambie titanium-vanadium project back on schedule

THE WEST: Neometals’ Barrambie titanium-vanadium project back on schedule

THE WEST: Neometals’ Barrambie titanium-vanadium project back on schedule

Chris Reed’s Neometals has dusted off long-stalled plans for its Barrambie titanium-vanadium project 80km north-west of Sandstone on the back of surging prices for the metals. The company announced late last week it would revisit and update a 2009 definitive feasibility study on the project in light of the new market fundamentals.

PROACTIVE INVESTORS: Mt. Marion JV partners agree spodumene concentrate off-take prices with partner Ganfeng

500,000 tonnes were recently added to the Mt Marion resource, which stands at 71.3 million tonnes at 1.37% lithium oxide. The 6% spodumene concentrate prices for the two quarters post July 1, 2018 have been agreed as follows: For shipments departing July 1, 2018 to September 30, 2018: US$1,070.85 per dry metric tonne (CIF); and for shipments departing October 1, 2018 to December 31, 2018: US$930.80 per dry metric tonne (CIF).

INVESTOR INTEL: Neometals offers five great opportunities for the price of one

One of the first rules of investing is don’t put all your eggs in one basket. Diversification adds layers of protection and opens up new opportunities as you will read below. Neometals Ltd. is not just another lithium company as they also have nickel, titanium, vanadium and coming soon, processing and recycling. Neometals has two key divisions – a fully integrated lithium business and a titanium-vanadium development business. Both are supported by proprietary technologies that assist downstream integration through revenue enhancement and cost efficiencies.

KALGOORLIE MINER: Neometals to target non-Chinese battery markets

Neometals is targeting international markets outside China for product from its proposed Kalgoorlie lithium refinery. Mr Reed said he remains confident the plant, which if approved will be built just 5km outside of Kalgoorlie-Boulder, will be a long term business opportunity for the mining company turned battery metals technologist. Neometals banked its first $6.2 million profit distribution from its minority owned Mt Marion lithium mine, 40km south-west of Kalgoorlie-Boulder, yesterday.

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