Neometals Issues Quarterly Activities report

   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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