Neometals receives A$6.21 maiden dividend from Mt. Marion

   Neometals Ltd {ASX: NMT}

Announced that it has received A$6.21 million as a fully franked dividend from Reed Industrial Minerals Pty Ltd, owner of the Mt Marion project.

All JV loans have been repaid, and this represents the maiden dividend for Mt. Marion.

 

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MT MARION MAIDEN PROFIT DISTRIBUTION

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Neometals Ltd (ASX: NMT) (“Neometals” or “the Company”) is pleased to announce that it has received A$6.21 million as a fully franked dividend from Reed Industrial Minerals Pty Ltd, owner of the Mt Marion project.

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With all joint venture shareholder loans repaid and the Mt Marion Project operating at steady state, Neometals welcomes the commencement of profit distributions (dividends) going forward.

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ENDS

 

 

 

 

 

 

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