Neometals releases Barrambie DSO Project Update

Date:May 9, 2018

BEIJING (Asian Metal) 9 May 18 – Australian-based Neometals Ltd announced on May 8th the collection and dispatch of a 53‐ tonne bulk sample from the Barrambie Titanium Vanadium deposit. The sample targeted typical high‐ grade Titanium and Vanadium mineralisation from the Eastern Band of the deposit which has the potential to be the main feed source for a potential Direct Shipping Ore (“DSO”) operation.

As part of the marketing of a DSO product into China, a number of leading mining and metallurgy research institutes in China tendered for beneficiation and pyrometallurgical testwork to confirm the optimal pathway for the extraction of titanium, vanadium and iron products. This work is required by prospective Chinese buyers to confirm recoveries and product qualities and form a basis to negotiate offtake pricing. In parallel with this work additional test work will commence at an Australian laboratory to confirm Chinese results.

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