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NEOMETALS LTD — Capital/Financing Update 2016
Dec 21, 2016
65430_rns_2016-12-21_4f68cbf2-5714-4176-85bf-7a405ac558e4.pdf
Capital/Financing Update
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ASX RELEASE
22 December 2016
Level 1, 672 Murray Street West Perth WA 6005 Locked Bag 8 West Perth WA 6872 t. +61 8 9322 1182 f. +61 8 9321 0556 [email protected] neometals.com.au Neometals Ltd ABN 89 099 116 631
Mount Marion Lithium Project Update
Neometals Ltd (ASX: NMT) (“Neometals”) is pleased to provide updated guidance on the anticipated timing of the first shipment for the Mt Marion Lithium Operation (‘Mt Marion’), in which it holds a 13.8% equity interest.
As at 21 December 2016, approximately 6,000t of concentrate had been produced from Mt Marion, with 3,000t stockpiled at port, and with trucking continuing around the clock. Several weather events have delayed material movements on site during December and subject to the availability of a suitable vessel, the first shipment of approximately 10,000t of concentrate is expected to depart Kwinana in January 2017.
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Figure 1 Stockpile 2B at Mt Marion Lithium Operation 20 December 2016
ENDS
For further information, please contact:
Chris Reed Managing Director Neometals Ltd T: +61 8 9322 1182 E: [email protected]
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