Neometals (ASX: NMT)
Updated their nickel mineral resources at Mt. Edwards, increasing the estimates by 45% for the McEwen and McEwen Hangingwall deposits.
These are only two of eleven deposits in a province of historic nickel sulphide mining.
.
.
| Neometals | ASX : NMT |
| Stage | Production + development |
| Metals | Titanium + Vanadium + lithium + nickel |
| Market cap | A$264 m @ 48.5 c |
| Location | Western Australia |
Neometals – Contained Nickel at Mt. Edwards increase 45% to 41.5 KT.
Neometals Ltd (ASX: NMT) (“Neometals” or “the Company”) is pleased to announce updated Mineral Resource estimates for the McEwen(“McEwen”) and McEwen Hangingwall(“McEwenHW”) deposits.
Both the McEwen and McEwen HW deposits are significant sized disseminated nickel sulphide deposits.
They are two of eleven Mineral Resources at Neometals’ Mt Edwards Project located in a province of historic nickel sulphide mines surrounding the township of Widgiemooltha.
The reinterpreted Mineral Resource estimates for McEwen and McEwen HW have increased the tonnes and grade of both deposits, with a combined total of contained nickel now at 41,450 tonnes up from28,220 tonnes.
.
HIGHLIGHTS
Re‐interpreted and Re‐estimated McEwen and McEwen Hangingwall Mineral Resources – now 3.049 million tonnes at a grade of 1.4% 41,500 contained nickel tonnes, a 45% increase in contained nickel;
Global Mineral Resource at the Mt Edwards Project now 9.64 million tonnes at 1.7% nickel for 160,000 contained nickel tonnes;
Revised Zabel Mineral Resource now 325,000 tonnes at 2.0% nickel for 6,360 tonnes of contained nickel, a reduction in contained nickel of 7%.
..
Neometals – company highlights 
Neometals innovatively develops opportunities in minerals and advanced materials essential for a sustainable future.
With a focus on the energy storage megatrend, the strategy revolves around de-risking and developing long life projects with strong partners and integrating down the value chain to increase margins and return value to shareholders.
.
=======
.
City Investors Circle is based in the financial district in the City of London
We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.
Our audience is selected and invited individually to ensure interest and relevance for the presenting company.
Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.
We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.
If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com
.
=======
,
This website is not sponsored, we are truly independent, and will always remain so.
Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.
All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.
These articles are for awareness and informational purposes only, and are not recommendations in any form. Always consult an investment professional.
.
To read our full terms and conditions, please click HERE