Neometals (ASX / AIM: NMT)

Announced their intention to delist from the London AIM market, due to the cost of maintaining a listing , low liquidity, and the “challenging conditions for financing” in London.

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Comment

I am not surprised to read that NMT are delisting from AIM, it makes sense given the low liquidity in the stock in London, and lack of  investor awareness of the company on this side of the world.

Despite presenting in London with us several times, I haven’t read much about the company over here. Where was the follow through from the broker after listing here to raise awareness of the company?

The lack of broker follow through is a major reason for companies becoming unhappy at their AIM listing, and perhaps the reason why 92, (93 now) companies have delisted during 2024.

Neometals is wisely reducing its costs by delisting from a market where they have had virtually no promotional support, and as a result have to pay all the associated costs of the listing with little to no benefits.

AIM is quickly dying, city greed is killing it in my opinion.

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Neometals Announces Intention to Delist From the London AIM Market

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Neometals (ASX / AIM: NMT) announced their intention to delist from the London AIM market, due to the cost of maintaining a listing , low liquidity, and the “challenging conditions for financing” in London.

The company expands on its reasoning for the decision,

• The challenging conditions which have impacted the UK market since its admission to trading on AIM in 2022, which have made it challenging to raise capital in the UK.

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• The low levels of liquidity and trading volumes in Neometals’ shares on AIM, with shares represented by DIs accounting for less than 1% of Neometals’ issued share capital.

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• The cost of maintaining admission to trading on AIM, including professional fees, listing fees payable and incremental legal, auditing and insurance fees.

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• The considerable amount of management time and regulatory burden associated with maintaining the company’s admission to trading on AIM, in addition to the ASX listing.

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Live metal prices can be found HERE

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

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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.

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Disclosure

At the time of writing the author holds no shares in Neometals.

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Neometals Ltd (ASX & AIM: NMT)

Announced that its wholly owned subsidiary Australian Titanium Pty Ltd has been unable to advance from offtake term sheet to binding take or pay offtake agreement with Jiuxing.

Both parties have invested significant time and money evaluating the feasibility of using Barrambie MGC in Jiuxing’s downstream titanium processing facilities.

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Neometals Issue a Barrambie Offtake Update

Highlights

• Neometals and Jiuxing Titanium Materials Co (“Jiuxing”) have been unable to agree mutually acceptable offtake terms; and
• Discussions with other parties in relation to offtake, equity investment and development financing continue.

Neometals Ltd (ASX: NMT & AIM: NMT) (“Neometals” or “the Company”), announces that its wholly owned subsidiary Australian Titanium Pty Ltd has been unable to advance from offtake term sheet to binding take or pay offtake agreement with Jiuxing.

Both parties have invested significant time and money evaluating the feasibility of using Barrambie MGC in Jiuxing’s downstream titanium processing facilities.

Regrettably, the broader macroeconomic backdrop has required Jiuxing to adjust its production plans and shelve further Barrambie related activities.

The Company is continuing its engagement with other third-party titanium producers and mining services companies in relation to offtake, equity investment and development financing.

The recent completion of the PFS Update continues to highlight the significant inherent value of the Project and the Company remains committed to determine the best pathway to achieve Barrambie value for shareholders.

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Neometals Managing Director Chris Reed said:

“Despite this disappointing outcome for both Jiuxing and Neometals, strong alternative interest for offtake and investment into the Barrambie remains.

 

We continue to pursue multiple options with other parties about potential development options for Barrambie.”

To read the full news release, please click HERE

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Neometals Ltd (ASX / AIM: NMT)

Announced the completion of an update to its Association for the Advancement of Cost Engineering (“AACE”) Class 4 (+/- 25%) PFS for the production of DSO and MGC from its 100% owned Barrambie Titanium Project (“Barrambie”).

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Barrambie Titanium Project PFS and Ore Reserve Update

Neometals Ltd (ASX: NMT & AIM: NMT) (“Neometals” or “the Company”), is pleased to announce the completion of an update to its Association for the Advancement of Cost Engineering (“AACE”) Class 4 (+/- 25%) PFS for the production of DSO and MGC from its 100% owned Barrambie Titanium Project (“Barrambie”).

Highlights

• Neometals completes Class 4 Pre-Feasibility Study Update (“PFS Update”) for production of Direct Shipped Ore (“DSO”) and Mixed Gravity Concentrate (“MGC”) from Barrambie;
• PFS Update includes mining from titanium-rich Eastern bands at Barrambie with a staged capital efficient approach to development:
• Initial A$78.1m capital requirement for 1 year production of DSO with mining, crushing, and screening only;
• Followed by a further A$137.2m to construct a crush, mill, beneficiate (“CMB”) plant for a further 12 years of MGC production.
• Project NPV (pre-tax) of A$374.9m A and IRR of 45%;
• Average free cash (before tax, depreciation, and amortisation) of A$103.3M p.a. over the first 5 years; and
• Probable Ore Reserve update to 27.6 Mt at 22.3% TiO2, 43.7% Fe2O3 and 0.57% V2O5.

Following recent successful smelting trial results and announcement of an offtake term sheet with Jiuxing Titanium Materials (Liaonging) Co. Ltd (“Jiuxing”) (“Jiuxing Offtake Term Sheet”), the PFS Update has delivered compelling financial metrics allowing the project to move into a definitive feasibility study phase.

The PFS Update uses the Neometals 2018 Mineral Resource Estimate as a basis to update its Ore Reserves, estimated using the guidelines of the 2012 edition of the Australian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves (“JORC Code (2012)”).

The Barrambie Mineral Resources reported are inclusive of Ore Reserves. The production targets referred to in this announcement are based on 100% Probable Ore Reserves.

Neometals has invested in excess of $A40 million in the acquisition, exploration and evaluation of Barrambie since 2003.

The Company has in more recent times maintained a primary focus on recovering a titanium product from Barrambie to realise maximum value for shareholders. The PFS Update assumes a CMB option at Barrambie on predominantly Eastern Band titanium-rich mineralisation to produce 12 months of DSO, followed by MGC.

The PFS Update removes further processing of MGC via a low-temperature
reduction roast (“LTR”) and magnetic separation at a second site alongside the Dampier to Bunbury Gas Pipeline east of Geraldton. This option can be considered in the future.

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Chris Reed, Neometals’ Managing Director said:

“The team has done an outstanding job updating the PFS for development of a concentrate-only operation contemplated in the Jiuxing Offtake Term Sheet, the results speak for themselves.

 

“This lower capital, staged development of Barrambie would speed the addition of approximately 4% to global supply.  Our customer Jiuxing, is the largest chloride-grade titanium slag producer in the largest titanium market, China.

 

“The market-linked pricing and floor price mechanisms for the DSO and MGC products are evidence of the strong market fundamentals for titanium and emerging structural supply deficit.

 

“We look forward to taking the project through the final feasibility and approvals stages and developing this hugely strategic asset.”

To read the full news release, please click HERE

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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

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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.

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.

Disclosure

At the time of writing the author holds no shares in Neometals

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Neometals Ltd (ASX / AIM: NMT)

Has signed a Term Sheet to investigate opportunities with AVL to purchase and further process the co-product vanadium/iron concentrate generated from Neometals’ Barrambie Project,  and to co-locate and/or share infrastructure near AVL’s processing
plant site. 

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CRITICAL MINERALS COLLABORATION SIGNED WITH NEOMETALS

Western Australian regional vanadium and titanium concentrate processing hub to unlock critical and battery mineral projects

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Australian Vanadium Limited (ASX: AVL, “the Company” or “AVL”) is pleased to announce that Neometals Ltd (ASX: NMT and AIM: NMT), through its wholly owned subsidiary Australian Titanium Pty Ltd (ATI), has signed a non-binding Term Sheet to explore opportunities for AVL to process coproduct vanadium concentrate from Neometals’ 100% owned Barrambie Project and to co-locate or share non-process infrastructure near AVL’s proposed Tenindewa processing plant site.

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KEY POINTS
• AVL and ASX listed Neometals Ltd (ASX: NMT and AIM: NMT) have signed a Term Sheet to investigate opportunities for:
o AVL to purchase and further process the co-product vanadium/iron concentrate
generated from Neometals’ Barrambie Project; and
o AVL and Neometals to co-locate and/or share infrastructure near AVL’s processing
plant site.
• Significant vanadium, titanium and iron processing opportunities are expected to flow
from the proposed collaboration.
• Development of AVL’s Midwest regional concentrate processing hub is anticipated to
help unlock critical and battery mineral projects in the region.

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Neometals recently announced the results of a pre-feasibility study (PFS) which assumes production of ilmenite as well as an iron/vanadium co-product.1 Under the Term Sheet this co-product would be supplied to AVL for vanadium extraction.

Neometals’ staged processing flowsheet will see a mixed gravity concentrate subject to further processing via a low temperature roast (LTR) to generate ilmenite and the separate iron/vanadium concentrate.

The Term Sheet also sets out that the parties will work together to investigate
Neometals’ ASX announcement dated 17th November 2022 here ‘Robust Outcomes from Barrambie Titanium Project opportunities for ATI to construct an LTR plant near AVL’s processing plant site and to co-locate or share non-process infrastructure.

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Chris Reed, Neometals’ Managing Director comments,

“We welcome the opportunity with AVL to investigate co-location, infrastructure sharing and the potential to supply high-grade vanadium coproduct from our proposed mineral separation plant.

 

“Barrambie is one of the highest-grade titanium deposits in the world and can produce both a chloride-grade ilmenite product and vanadium-iron coproduct from low-temperature roasting and magnetic separation of Barrambie gravity concentrates.”

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For brevity, this summary has been redacted, to read the full news release, please click HERE

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.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

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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.

.

.

Disclosure

At the time of writing the author holds no shares in Neometals.

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Neometals (ASX: NMT)

Announced a positive and ‘robust’ PFS for their Barrambie Titanium Project located in Western Australia.

Average free cash (before tax, depreciation and amortisation) of AUD $136M p.a. over the first 10 years. 

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Neometals Announce ROBUST OUTCOMES FROM BARRAMBIE TITANIUM PROJECT PFS 

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Neometals (ASX: NMT) announced a positive and ‘robust’ PFS for their Barrambie Titanium Project located in Western Australia.

Average free cash (before tax, depreciation and amortisation) of AUD $136M p.a. over the first 10 years.

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HIGHLIGHTS

• Neometals completes Class 4 Pre-Feasibility Study (“PFS”) for production of titanium (ilmenite) and iron-vanadium concentrate from titanium-rich Eastern bands at Barrambie;
• Results confirm viability of commercialising Barrambie with potential to supply in excess of 500,000 tpa of high-quality supply constrained ilmenite in the first 10 years of the project;
• Average free cash (before tax, depreciation and amortisation) of AUD $136M p.a. over the first 10 years;
• Probable Ore Reserve of 44.5 Mt at 18.7% TiO₂, 44.1 % Fe₂O₃ and 0.61% V₂O₅;
• PFS assumes a simple mine, crush, mill and beneficiate operation to produce mixed gravity concentrate at Barrambie, followed by additional processing at a site with lower cost natural gas supply east of Geraldton; and
• The PFS confirms ‘value-in-use’ for Barrambie’s product basket and supports dialogue with potential offtake partner Jiuxing.

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Neometals (ASX: NMT)

Neometals has successfully commissioned its pilot plant and commenced production of a titanium-rich gravity concentrate sample for offtake evaluation trials.

Approximately 150 tonnes of gravity concentrates will be produced and shipped in Q1 2022.

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Neometals Barrambie Pilot Plant and Offtake Update

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HIGHLIGHTS
• Neometals has successfully commissioned its pilot plant and commenced production of a titanium-rich gravity concentrate sample for offtake evaluation trials;
• Approximately 150 tonnes of gravity concentrates will be produced and shipped in Q1 2022 with the majority going to titanium slag producer Jiuxing for commercial scale trials as part of their offtake evaluation process;
• Pre-feasibility studies are on schedule for completion in Q1 2022; and
• Jiuxing commercial smelting trials scheduled for completion Q2 2022 to advance negotiations for formal offtake agreements which are a prerequisite for any future investment decision.

Neometals Ltd (ASX: NMT) (“Neometals” or “the Company”), is pleased to
provide an update on its 100% owned Barrambie Titanium and Vanadium Project (“Barrambie”).

The Company, in conjunction with its consultants Allied Mineral Laboratories, Primero Group and Roxbury Trading Pty Ltd have successfully commissioned a gravity beneficiation plant at Menzies in Western Australia to generate bulk concentrate samples for evaluation by potential Chinese offtake counterparties.

Neometals has a memorandum of understanding with Jiuxing Titanium Materials (Liaonging) Co. Ltd (“Jiuxing MoU”) (“Jiuxing”) (for full details refer to ASX announcement entitled “Barrambie – MOU for Cornerstone Concentrate Offtake”
released on 16th April 2021).

The Jiuxing MoU outlines the technical and commercial pathway to a formal, binding take-or-pay offtake agreement, with Neometals supplying approximately 100 tonnes of mixed gravity concentrate for evaluation trials using Jiuxing’s commercial trials.

For brevity, this summary has been redacted, to read the full news release, please click HERE

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.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.

.