Company
ASX:NMT
Neometals Ltd is leveraging its proprietary, green process technologies to generate battery materials projects with unparalleled exposure to commodities most impacted by the energy storage megatrend. The company builds value, de-risks and develops these long-life projects with strong partners having a strategic focus on increasing margins through integration down the value chain. Neometals has a growing suite of sustainable downstream, recovery and recycling projects, supporting the global transition to more circular supply chains and cleaner energy.
128 stories · page 2 of 7
The process recovers cobalt, nickel, copper and lithium as high-purity sulphate products with estimated operating costs of less than US$7/lb of contained cobalt as cobalt sulphate, before by-product credits.
This is a revised DFS focused on vanadium production only.
Eligible investors who are on the shareholder register by next Wednesday will receive the dividend.
Priorities include the Barrambie Project, the battery recycling project, and the lithium refinery project.
The Mt Marion Lithium Project is jointly owned by one of China’s largest lithium producers Jiangxi Ganfeng Lithium.
The company will receive $103.8 million from its project partners at completion when all sale conditions are met.
A battery-recycling pilot plant at Lakefield in Canada advances its lithium efforts.
Hardware & electrical equipment
It is estimated only 5% of lithium-ion batteries are currently recycled globally.
The sale price for March quarter shipments is 15% lower than December quarter shipments.
Purchaser Ganfeng Lithium Co Ltd has obtained Australian Foreign Investment Review Board clearance.
The company plans to process spodumene concentrates from its divested Mt Marion Lithium Project interest and recover metals from recycled lithium-ion batteries.
The company will retain life-of-mine offtake option rights for 57,000 tonnes of spodumene concentrate annually.
The Euroz report suggests that Neometals’ upcoming titanium-vanadium demerger will realise value for the company’s Barrambie assets.
With vanadium prices rising in the recent past, Neometals is moving quickly to capitalise on this significant market opportunity.
500,000 tonnes were recently added to the Mt Marion resource, which stands at 71.3 million tonnes at 1.37% lithium oxide.
Infill drilling increases the size of a pegmatite lens from 100,000 to 600,000 tonnes grading 1.31% lithium oxide.
Further details on the demerger will be provided at the upcoming annual general meeting.
Euroz is a Perth-based financial services company focused on the ASX.
Hardware & electrical equipment
GlobalData forecasts that demand for lithium will more than double to 58,300 tonnes in 2022.
Zeolite can be used to remove carbon dioxide in air purification, moisture and hydrogen sulphide from natural gas and in catalyst protection.
