Barrambie
VTM Project

GLOBALLY SIGNIFICANT TITANIUM & VANADIUM DEPOSIT

WHAT

Neometals wholly owns Barrambie VTM which has a granted mining lease and has been extensively explored and developed since 2003. The project is situated on one of the largest vanadiferous-titanomagnetite (“VTM”) resources globally (280.1Mt at 9.18% TiO2 and 0.44% V2O5), containing the world’s second highest-grade hard rock titanium resource (53.6Mt at 21.17% TiO2 and 0.63% V2O5) and high-grade vanadium resource (64.9Mt at 0.82% V2O5 and 16.9% TiO2).

Barrambie is located approximately 80km north-west of Sandstone in Western Australia and is one of the largest undeveloped vanadiferous-titanomagnetite (“VTM”) resources globally.

WHY

Owning a high-grade titanium deposit in a Tier 1 jurisdiction offers significant opportunities for future revenue generation. There is growing market demand for titanium primarily driven by aerospace, defence and automotive sectors. Titanium is classified as a critical mineral by the USA, and both a critical and strategic raw material under the EU Critical Raw Materials Act.

STATUS

The Barrambie VTM project is currently in a divestment process and Neometals current focus is the exploration and development of the Barrambie Gold Project.

The information on this website that relates to ore reserve estimates for the Barrambie Project has been extracted from the ASX Announcement titled “Robust Outcomes From Barrambie Titanium Project PFS” dated 17 November 2022. A copy of this announcement is available in the ‘investors’ section of this website and via ASX’s website at www.asx.com.au.

Neometals confirms that it is not aware of any new information or data that materially affects the information in the announcement referred to above, and that all material assumptions and technical parameters underpinning the estimates in the relevant announcement continue to apply and have not materially changed. Neometals confirms that the form and context in which the Competent Persons’ findings are presented in this Presentation have not been materially modified from the original market announcement.

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