Neometals {ASX: NMT}
Issued their Quarterly Activities Report.
Production ramp up continued during the quarter with 104,505t of concentrate produced, including 56,065t 6% Li2O concentrate and 48,440t 4% Li20 concentrate. Shipments totalled 83,949t.
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Neometals {ASX: NMT}
Issued their Quarterly Activities Report.
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Highlights:
Mt Marion Lithium Operation
- Production ramp up continued during the quarter with 104,505t of concentrate produced, including 56,065t 6% Li2O concentrate and 48,440t 4% Li20 concentrate.
- Shipments totalled 83,949t.
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Mt Edwards Lithium Project
- Acquisition of brownfields lithium exploration project 40km from Mount Marion.
- A combination of tenements and mineral rights covering 240sq.km.
- Strategic addition to Neometals’ spodumene sourcing pipeline to support its planned lithium hydroxide business.
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Lithium Hydroxide Project
- Vendor test work report received confirming technical feasibility for production of battery grade Lithium Hydroxide from Mt Marion concentrates.
- Progressed project partner discussions.
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Lithium Battery Recycling Project
- Primero Group appointed to project manage the completion of construction and operation of the Pilot Plant and test work program to process LCO batteries.
- Pilot operation scheduled to commence in July 2018.
- Engineering Cost Study to follow pilot tests.
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Barrambie Titanium Project
- Updated Mineral Resource Estimate.
- Core samples shipped for evaluation by potential Chinese customers.
- Mining proposal approved to extract bulk sample for DS0 evaluation.
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Corporate
- Cash and restricted access term deposits $41.8 million.
- Net receivables, bonds and listed securities $16.5 million.
- Received partial loan repayment from RIM.
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