Neometals (ASX : NMT)
Neometals’ Chinese partner, IMUMR, has commenced pilot trials on Barrambie gravity concentrates.
This follows successful test work in China confirming Neometals’ breakthrough producing separate ilmenite and vanadium rich magnetite concentrates.
|Neometals||ASX : NMT|
|Stage||Production + development|
|Metals||Titanium + Vanadium + lithium + nickel|
|Market cap||A$183 m @ 33.5c|
IMUMR commences pilot plant trials on Barrambie
Neometals Ltd (ASX: NMT) (“Neometals” or “the Company”), is pleased to announce
the commencement of a pilot scale test work program by its partner, IMUMR*, on Barrambie gravity concentrates following confirmation test-work undertaken in China on Neometals’ breakthrough reductive roasting and magnetic separation flowsheet.
For further details see Neometals announcement titled “Barrambie Flowsheet Breakthrough” dated 22nd December 2020 HERE.
IMUMR will manage and fund the trials at pilot scale to prove a simple gravity concentrate can be roasted and separated into two igh-quality saleable products.
It is a significant step forward in realising Neometals’ goal to develop Barrambie as a capital-light concentrate operation initially and retaining the optionality to value add through downstream processing in the future.
Neometals’ Chinese partner, IMUMR, has commenced pilot trials on Barrambie gravity concentrates
Follows successful test work in China confirming Neometals’ breakthrough producing separate ilmenite and vanadium rich magnetite concentrates from a reduction roast and magnetic separating
Pilot trials being observed by potential offtakers and product samples evaluated to advance offtake discussions.
The pilot trials are expected to be complete in the June quarter 2021 and product evaluation results from potential offtakers in the September quarter of 2021.
In parallel Neometals will advance early contractor engagement dialogues in relation to a ‘buildown-operate-transfer’ arrangement for a mining and gravity concentration operation at Barrambie for export to end-users.
Barrambie is the most advanced, undeveloped hard-rock titanium Mineral Resource in Australia, located adjacent to existing transport infrastructure giving access to open user port facilities.
Barrambie has a granted Mining Proposal for a 1.2 Mtpa mining operation and Ministerial Approval for construction of a processing plant with a throughput of 3.2Mtpa.
Authorised on behalf of Neometals by Christopher Reed, Managing Director
For brevity, this summary has been abridged. To read the full Neometals news release, please click HERE
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