Neometals innovatively develops opportunities in minerals and advanced materials essential for a sustainable future.
Neometals innovatively develops opportunities in minerals and advanced materials essential for a sustainable future.
November 28, 2019
November 27, 2019
November 21, 2019
November 20, 2019
About Us
Neometals Ltd ("Neometals" – ASX:NMT) has three core projects:
Neometals' strategy focuses on de-risking and developing long life projects with strong partners and integrating down the value chain to increase margins and return value to shareholders.
News and media
Lithium-ion battery recycling pilot generates exceptional purity (+99.9%) nickel sulphate product at high recovery rate (+98%).
Results materially surpass scoping study assumptions.
Pilot test-work program remains on track for substantial completion this calendar year.
continue readingKey milestone achieved for the all-hydrometallurgical process flowsheet to recover titanium and vanadium chemicals from Barrambie.
Independent test-work generates high purity (+99%) titanium chemical at high recovery rate (+98%).
Construction of Australian pilot plant materially complete - titanium processing imminent.
Commenced preparation in Australia of concentrate feedstocks for proposed demonstration plant.
continue readingEncouraging Inferred Nickel Mineral Resource estimate at newly acquired Munda deposit in Western Australia.
Updated Mineral Resource is 320,000 tonnes at 2.23% Nickel for 7,140 tonnes of contained nickel.
Mineralisation remains open across-strike and down-dip with recent diamond core drilling supporting potential for further Munda exploration success.
Global Mineral Resources at Mt Edwards now increased to 7.7 Million tonnes at 1.7% nickel for circa 130,400 tonnes of contained nickel.
continue readingIndependent pilot test-work generates high purity (+99%) cobalt sulphate product at high recovery rate (+98%).
Project economics strongly driven by cobalt, recoveries to date exceed scoping study assumptions.
Pilot test-work advancing well with copper, cobalt and manganese recovery complete – nickel and lithium to commence imminently with substantive completion in December 2019.
Successful pilot results are the key milestone for 50:50 JV formation with German conglomerate, SMS Group.
Joint preparations underway for European demonstration plant and engineering cost study.
HIGHLIGHTS
CORPORATE
Significant commercial activity culminating in partnership agreements signed during and post the quarter; and
Cash $107.1million, receivables and investments at $9.4million.
CORE DEVELOPMENT ACTIVITIES
Lithium-ion Battery Recycling Project
September quarter negotiations formalised post the period end - MOU with global processing plant manufacturer, SMS Group, granting an exclusivity period over JV to commercialise Neometals' recycling technology;
Recycling pilot test-work nearing completion with key cathode metals being recovered and upgraded to chemical products for the battery supply chain; and
Commercialisation and market evaluation running in parallel with preparations for European demonstration trial plant at SMS Group facilities.
Lithium Refinery Project
Commencement of jointly funded evaluation pursuant to MOU with leading Indian power conglomerate for the development of the first lithium refinery in India using Neometals annual offtake option from Mt Marion;
MOU contemplates the production of primarily lithium chemicals (predominantly lithium hydroxide ("LiOH") at a minimum rate of 10,000tpa LiOH equivalent; and
Successful production of multiple types of commercial quality synthetic zeolite products from various sources of lithium refinery residue. Production of synthetic zeolite could eliminate significant disposal costs and generate significant co-product revenue from a market multiple times larger than the lithium market.
Barrambie Titanium and Vanadium Project
MOU signed post the period end with China's IMUMR which defines joint milestones ahead of a potential 50:50 operating JV to develop the project;
Successful preliminary metallurgical test-work has defined the optimal flowsheet for pilot scale beneficiation test-work to commence in the December quarter; and
Beneficiation pilot plant output will be supplied to IMUMR for demonstration plant test-work in China.
EXPLORATION ACTIVITIES
Mt Edwards exploration highlights include high grade massive sulphide nickel assay results from small drilling campaigns over existing and newly acquired deposits. Drill programs have successfully tested high grade nickel sulphide near and within existing Mineral Resources; and
A systematic program is underway to build / realise value from Mt Edwards via geophysics guiding targeted drilling together with acquisitions and applications to grow the project size.
continue readingCompany'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.