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NEOMETALS LTD — Capital/Financing Update 2018
Jun 19, 2018
65430_rns_2018-06-19_f35dbe2c-f3f5-471f-b688-d3d89b7501b1.pdf
Capital/Financing Update
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COMPLETION OF MT EDWARDS LITHIUM PROJECT ACQUISITION
Neometals Ltd (ASX:NMT) ( Neometals ) is pleased to announce that further to its announcements of 15 March 2018 and 30 April 2018, it has now completed the acquisition of the tenement and nickel rights package referred to in those announcements from Apollo Phoenix Resources Pty Ltd.
About Neometals Ltd
Neometals Limited (“Neometals” ‐ ASX:NMT) is a developer of technology materials projects. Neometals has two key divisions – a fully integrated lithium business and a titanium development business. Both are supported by proprietary technologies that support downstream integration and cost efficiencies.
Neometals owns a 13.8% stake in the Mt Marion lithium mine near Kalgoorlie, which operates one of the world’s biggest lithium concentrators. The Mt Marion mine, and Neometals
product offtake option, form the backbone to its fully‐integrated lithium business aspirations which include a Lithium Hydroxide Chemical Refinery and lithium battery recycling process. The 100%‐owned Barrambie Titanium Vanadium Project in WA’s Mid‐West is one of the world’s highest grade hard rock titanium deposits.
Neometals’ strategy focuses on de‐risking and developing long life projects with strong partners and integrating down the value chain to increase margins.
The company aims to leverage its revenue to grow opportunities that ‘enable’ sustainable products and to return value to shareholders.
[email protected] neometals.com.au
Locked Bag 8 West Perth WA 6872
ACN 099 116 361 Level 3, 1292 Hay Street West Perth WA 6005
T: +61 8 9322 1182 F: +61 8 9321 0556