Neometals (ASX: NMT)
Announced a positive and ‘robust’ PFS for their Barrambie Titanium Project located in Western Australia.
Average free cash (before tax, depreciation and amortisation) of AUD $136M p.a. over the first 10 years.
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| Neometals | ASX / AIM : NMT |
| Stage | Production + development |
| Metals | Titanium + Vanadium + lithium + nickel |
| Market cap | A$605 m @ A$1.10 |
| Location | Western Australia, Germany, Finland, USA |
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Neometals Announce ROBUST OUTCOMES FROM BARRAMBIE TITANIUM PROJECT PFS
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Neometals (ASX: NMT) announced a positive and ‘robust’ PFS for their Barrambie Titanium Project located in Western Australia.
Average free cash (before tax, depreciation and amortisation) of AUD $136M p.a. over the first 10 years.
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HIGHLIGHTS
- Neometals completes Class 4 Pre-Feasibility Study (“PFS”) for production of titanium (ilmenite) and iron-vanadium concentrate from titanium-rich Eastern bands at Barrambie;
- Results confirm viability of commercialising Barrambie with potential to supply in excess of 500,000 tpa of high-quality supply constrained ilmenite in the first 10 years of the project;
- Average free cash (before tax, depreciation and amortisation) of AUD $136M p.a. over the first 10 years;
- Probable Ore Reserve of 44.5 Mt at 18.7% TiO2, 44.1 % Fe2O3 and 0.61% V2O5;
- PFS assumes a simple mine, crush, mill and beneficiate operation to produce mixed gravity concentrate at Barrambie, followed by additional processing at a site with lower cost natural gas supply east of Geraldton; and
- The PFS confirms ‘value-in-use’ for Barrambie’s product basket and supports dialogue with potential offtake partner Jiuxing.
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Disclosure
At the time of writing the author holds no shares in Neometals.
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