Neometals extend agreement execution date with Jiangxi until 15th September

Neometals {ASX: NMT} have agreed to extend their MOU agreement date with Jiangxi Ganfeng Lithium Co.

The new execution date is now 15th September 2015.

Neometals Ltd {ASX: NMT}  refers to the joint announcement by Neometals and Mineral Resources Limited {ASX: MIN} via its wholly owned subsidiary Process Minerals International Pty Ltd) on 16 July 2015 regarding the binding Memorandum of Understanding (“MOU”) entered into by its jointly owned subsidiary Reed Industrial Minerals Pty Ltd with Jiangxi Ganfeng Lithium Co., Ltd (“Ganfeng”).

The parties are continuing to progress the formal agreements to document and give full effect to the terms agreed in the MOU and have agreed to extend the date for the execution of the agreements to 15 September 2015.

Following execution of the formal agreements and receipt of FIRB approval, Ganfeng will seek approval of the transaction from its shareholders and the Jiangxi Provincial Government.