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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