Neometals (ASX:NMT) is focused on securing binding offtake agreements for its Mt Marion Lithium Project in Western Australia before the joint venture can consider a final investment decision.
In January, the company entered into a binding Memorandum of Understanding with Metals X (ASX:MLX) to lease the lithium mining rights over a portion of the Hampton Area Location 53 in Western Australia.
Neometals has a 70% interest project in the Mt Marion project.
The company’s 100% owned Barrambie Titanium Project, also in Western Australia, presents a further development opportunity for the company, with the completion of a Pre-Feasibility Study scheduled for 1H 2015.
Christopher Reed, managing director, discussed the company’s plans at the February 2015 Proactive Investors Melbourne / Sydney Luncheons.
The full presentation can be ACCESSED HERE.
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