Total
0
Shares
Neometals (ASX:NMT) - Managing Director, Chris Reed - The Market Herald
Managing Director, Chris Reed
Sourced: Business News
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Minerals and materials development company Neometals (NMT), through its partner IMUMR, has commenced pilot trials on gravity concentrates from the Barrambie Titanium and Vanadium Project in WA
  • The trials come after successful testwork, which confirmed Neometals' reductive roasting and magnetic separation flowsheet
  • IMUMR will now manage and fund the trials to prove that gravity concentrates can be roasted and separated into two high-quality saleable products
  • On the market today, Neometals is up 7.46 per cent and is trading at 36 cents

Neometals’ (NMT) Chinese partner, IMUMR, has commenced pilot trials on gravity concentrates from the Barrambie Titanium and Vanadium Project in WA.

The pilot program comes after successful testwork in China, which confirmed Neometals' reductive roasting and magnetic separation flowsheet.

IMUMR will manage and fund the trials to prove that gravity concentrates can be roasted and separated into two high-quality saleable products.

"It is a significant step forward in realising Neometals’ goal to develop Barrambie as a capital-light concentrate operation initially and retaining the optionality to value add through downstream processing in the future," the company told the market this morning.

The project is located around 80 kilometres northwest of Sandstone in Western Australia and, according to the company, is the most advanced, undeveloped hard-rock titanium mineral resource in the country.

Potential offtake partners will observe the pilot trials and product samples will be evaluated to speed up discussions.

The pilot trials are expected to be complete in the June 2021 quarter.

On the market today, Neometals is up 7.46 per cent and is trading at 36 cents at 12:40 pm AEDT.

NMT by the numbers
More From The Market Herald
Beacon Minerals (ASX:BCN) - CEO, Graham McGarry - The Market Herald

" Beacon Minerals (ASX:BCN) posts Jaurdi production increase in March

Beacon Minerals (BCN) has reported on production and sales activity from its wholly-owned Jaurdi Gold Project in Western Australia.
Elmore (ASX:ELE) to raise $1M to progress NT project

" Elmore (ASX:ELE) to raise $1M to progress NT project

Elmore (ELE) is looking to raise $1 million as it progresses its Peko Iron Ore and Gold Project in the Northern Territory.
Azure Minerals (ASX:AZS) - Managing Director, Tony Rovira - The Market Herald

" Azure Minerals (ASX:AZS) receives heritage approval for Andover prospect

Azure Minerals (AZS) has received heritage approval for the proposed access tracks and drill sites at the VC-07 prospect in the Andover project.
Eagle Mountain Mining (ASX:EM2) secures $11M to accelerate work at Oracle Ridge

" Eagle Mountain Mining (ASX:EM2) recovers high-grade copper in Arizona

Eagle Mountain Mining (EM2) has received field mapping results from the OREX prospect, located within its 80-per-cent-owned Oracle Ridge Mine Project in Arizona.