Neometals {ASX: NMT}
Announced an updated resource for their Barrambie titanium and vanadium project, located in Western Australia.
The total Indicated and Inferred Mineral Resource estimated to be 280.1 million tonnes at 9.18% Titanium and 0.44% Vanadium to 80m vertical depth.
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Neometals Ltd is pleased to report an updated Mineral Resource estimate for its 100% owned Barrambie deposit.
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HIGHLIGHTS
- Total Indicated and Inferred Mineral Resource estimated to be 280.1 million tonnes at 9.18% TiO2 and 0.44% V2O5 to 80m vertical depth.
- Contained Titanium Dioxide (TiO2) in Total Mineral Resource estimate exceeds 25 million tonnes.
- Contained Vanadium Pentoxide (V2O5) in Total Mineral Resource estimate exceeds 1.2 million tonnes.
- High Grade Titanium subset of Total Mineral Resource estimate of 53.6 million tonnes at 21.17% TiO2 and 0.63% V2O5.
- High Grade Vanadium subset of Total Mineral Resource estimate of 64.9 million tonnes2 at 0.82% V2O5 and 16.90% TiO2.