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LEVEL 1 672 MURRAY ST WEST PERTH WA , 6005
P: 08 9322 1182 F: 08 9321 0556
www.neometals.com.au

BARRAMBIE

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About: The Neometals Limited open cut vanadium mining project, Barrambie, is located 116 kilometres south east of Meekatharra and 75 kilometres north west of Sandstone in Western Australia. Neometals Limited, formally known as Reed Resources, is readying to mine the highest grade hard rock titanium deposit in the world making use of a proprietary acid leach process that will result in it producing high purity titanium, vanadium and iron oxide concentrates at low quartile costs.

Barrambie Deposit is of High Purity

Formal laboratory tests carried out in Canada have confirmed the high purity of the Barrambie titanium dioxide deposit, as titanium in excess of 99 percent has been precipitated selectively from leach solutions with recoveries exceeding 90 percent.

Mini Processing Plant in Canada has Proved Successful Processing of Barrambie ore

Since 2014, a 10 kilogram a day mini-plant evaluation has been carried out in Canada using proprietary hydrometallurgical technology that has continuously produced high purity titanium from Barrambie ore. Sufficient information has been generated from this evaluation to give confidence to go ahead with rigorous modelling to allow operating and capital costs to be ascertained. This testing has also resulted in Neometals being able to confirm its lowest quartile operating costs that were originally obtained in its 2013 scoping study. It also allowed mining industry consultants, Sedgeman and Snowden, to start their pre-feasibility study into the Barrambie project due to be completed in the March quarter of 2015. The Barrambie Eastern Band hard rock titanium deposit contains a mineral resource of 48 million tonnes grading at 22 percent titanium dioxide, making it the world's highest grade titanium ore body.

Barrambie ore Leaching Process Pioneered in Canada

The proprietary hydrometallurgical acid leaching technology used to extract valuable minerals was pioneered in Canada. The first stage in the leaching process allows for the recovery of vanadium and iron from the solution after which there is a second stage where the leaching of titanium units is achieved. A major feature of the process, that has been patented by its Canadian inventor, is that of the regeneration and acid recovery process which shows the potential to carry out the operation at much lower costs than more conventional technologies. The process is also environmentally friendly, more energy efficient, leaves inert tailings and produces low emissions. Further opportunities to improve the economics of the operation can be obtained by optimising the use of high grade concentrates as feed along with the increasing of throughput through the processing plant and electricity co-generation, as well as recovering and marketing the byproducts of aluminium oxide and pure iron. These innovative moves will give the Barrambie Project a much longer economical life than would be the case otherwise.

Neometals

Previously known as Reed Resources until December 2014, Neometals is focused on becoming an integrated lithium producer, through the development of the Mt Marion Project (70% Neometals, 30% Mineral Resources ASX: MIN) in Western Australia. The company’s 100% owned Barrambie Titanium Project,...........read more

ADDRESS

Neometals
Level 1 672 Murray St
West Perth, WA 6005

Locked Bag 8
West Perth, WA 6008

OTHER INFO

Phone0893221182
fax0893210556

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