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Company News
Neometals Receives High-Grade Gold Results from Drilling at Barrambie Project in WA
Neometals (ASX: NMT) is already planning further work at its Barrambie gold project in Western Australia after obtaining high-grade hits in new drilling at the site. While Barrambie has seen only minimal gold exploration since the 1990s, Neometals believes the project has potential for high-tenor gold mineralisation. The company conducted a program of diamond drilling […]
Neometals and MinRes partner with Rio Tinto to advance ELi lithium processing technology
A partnership between Neometals (ASX: NMT) and Mineral Resources (ASX: MIN) has entered into a memorandum of understanding with Rio Tinto (ASX: RIO) aimed at progressing a unique lithium processing technology. Reed Advanced Materials (RAM), 70:30 co-owned by the two companies, will work with Rio on the potential validation of the trademarked ELi Process Technology […]
Neometals’ Finnish vanadium recovery project gains EU backing and strategic financing
Neometals (ASX: NMT) has received European Union (EU) funding support for its plans to develop a unique vanadium recovery process in Finland. Novana, in which Neometals has an indirect interest through its 88%-owned entity Recycling Industries Scandinavia AB (RISAB), has executed a project agreement with EIT RawMaterials that will support the development of the Finnish […]
Market wrap: Aussie market falls down the Jackson Hole
For this entire week the Australian share market has been trading in an information vacuum. We all knew that the world’s most important central banker, Jerome Powell, would be giving an internationally vital speech at the Jackson Hole symposium for central bankers but we also knew that the Australian share market would be safely tucked […]
Neometals lithium-ion JV receives purchase order for new Mercedes-Benz battery recycling plant
A battery recycling joint venture owned by Neometals (ASX: NMT) and German metallurgical equipment supplier SMS Group GmbH has received a purchase order from Mercedes-Benz Group for the supply of a 10-tonnes per day lithium-ion battery shredding spoke. Under the arrangement, the Primobius GmbH venture will create, supply and install a fully-integrated, closed loop lithium-ion […]
Neometals to partner with Mercedes-Benz on proposed German battery recycling plant
Neometals (ASX: NMT) has announced it will join forces with Mercedes-Benz subsidiary LICULAR GmbH on the design and construction of a proposed lithium-ion battery recycling plant in southern Germany. The project will be carried out via battery recycling joint venture Primobius GmbH, established in mid-2020 between Neometals and German plant manufacturer SMS Group to commercialise […]
Auric Mining to acquire Widgiemooltha gold rights, expands WA goldfield footprint by 1,800%
Recent ASX debutant Auric Mining (ASX: AWJ) has expanded its holding by 1,800% in Western Australia’s goldfields after agreeing to acquire the gold rights of Neometals’ (ASX: NMT) Widgiemooltha tenement package. According to Auric, the gold rights to Widgiemooltha increase its gold footprint in the region from 4.7 square kilometres to 91sq km. The package […]
Neometals enters lithium-ion battery recycling joint venture
Australian lithium company Neometals (ASX: NMT) has entered a binding deal with German metallurgical equipment supplier SMS Group GmbH to establish a joint venture to recycle lithium-ion batteries. The incorporated 50/50 joint venture, called Primobius GmbH, is being set up to commercialise Neometals’ proprietary lithium battery recycling process for regenerating sustainably produced secondary battery materials […]
Neometals says study shows potential for low-cost vanadium slag operation
Neometals’ (ASX: NMT) vanadium recovery scoping study has highlighted a strong case for future development of a Scandinavian processing operation to extract vanadium chemicals from steel making. The plan to recover vanadium pentoxide (V205) from high-grade vanadium-bearing steel by-product (known as slag) shows robust economics and Neometals has begun preliminary feasibility study metallurgical test work. […]
Neometals reveals ‘encouraging’ nickel sulphide assays at Mt Edwards
Neometals (ASX: NMT) has received what it describes as “encouraging” results from drilling at the Armstrong deposit within its Mt Edwards nickel sulphide project in Western Australia. Drilling, sampling and down hole electromagnetic surveys were carried out at Armstrong and a recently acquired exploration licence during November and December last year. The program involved 11 […]
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