NEOMETALS LTD — Investor Presentation 2014

Dec 17, 2014

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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 info@neometals.com.au neometals.com.au Neometals Ltd ABN 89 099 116 631

ASX RELEASE

18 December 2014

Change of Company Name to Neometals Ltd (ASX: NMT)

Reed Resources Ltd (ASX: RDR) (“Reed” or the “Company”) is pleased to announce that, following shareholder approval at the Company’s recent Annual General Meeting, and receipt of a new Certificate of Registration for the Company from the Australian Securities and Investments Commission, the Company has changed its name to Neometals Ltd (Neometals) with immediate effect.

Neometals is primarily focussed on becoming an integrated lithium producer, through the development of the Mt Marion Project (70% Neometals, 30% Mineral Resources ASX: MIN) in Western Australia, the third-highest ranked undeveloped hard-rock lithium project in the world.[1]

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.

Chris Reed , Managing Director commented:

“With the Company now having a clear focus on the lithium and titanium markets, we are excited to be progressing the Mt Marion and Barrambie Projects under the Neometals banner. The Company is committed to developing these high quality assets, and to becoming an integrated, low cost producer of lithium and titanium to the global market.

“Both commodities, lithium and titanium, are attractive commodities in the current market, with strong, long-term fundamentals.

“With the company well-funded to complete its current 2015 development plans, established industry partnerships and patented process technology to develop both commodities, we look forward to delivering strong returns to shareholders in the future.”

The name change and new ASX code (ASX: NMT) will be effected with the ASX on Friday, 19 December 2014.

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A revised corporate presentation is attached to this notification, and the Company has a new corporate website www.neometals.com.au, which is now available to shareholders.

ENDS

For further information, please contact:

Chris Reed Managing Director Neometals Limited T: +61 8 9322 1182 E: info@neometals.com.au

Media

Richard Glass / John Gardner MAGNUS Corporate and Financial Communication T: +61 8 6160 4900

1 Source: SignumBOX, Issue 8, February 2014

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Disclaimer
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Summary information: This document has been prepared by Neometals Ltd (“Neometals” or “the Company”) to provide summary information about the Company and its associated entities and their activities current as at the date of this document. The information contained in this document is of general background and does not purport to be complete. It should be read in conjunction with Neometals’ other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange, which are available at www.asx.com.au.

Forward-looking information: This document includes certain statements, opinions, projections, forecasts and other forward-looking information which, while considered reasonable by Neometals, are inherently subject to significant uncertainties and contingencies. Many known and unknown factors could cause actual events or results to differ materially from estimated or anticipated events or results included in this document. Recipients of this document are cautioned that forward-looking statements are not guarantees of future performance – they must make their own independent investigations, consideration and evaluation of the opportunity to invest in the Company. By accepting this document, recipients agree that if they proceed further with their investigations, consideration or evaluation of the opportunity to invest in the Company, they will make and rely solely upon their own investigations and enquiries and will not in any way rely upon this document.

Any statements, opinions, projections, forecasts and other forward-looking information contained in this document do not constitute any commitments, representations or warranties by Neometals and its associated entities, directors, agents and employees, including any undertaking to update any such information. Except as required by law, and only to the extent so required, directors, agents and employees of Neometals shall in no way be liable to any person or body for any loss, claim, demand, damages, costs or expenses of whatsoever nature arising in any way out of, or in connection with, the information contained in this document.

Financial data: All figures in this document are in Australian dollars (AUD) unless stated otherwise.

Not financial product advice: This document is for information purposes only and is not financial product or investment advice, nor a recommendation to acquire securities in Neometals. It has been prepared without taking into account the objectives, financial situation or needs of individuals. Before making any investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs and seek legal and taxation advice appropriate to their jurisdiction.

Investment risk: An investment in securities in Neometals is subject to investment and other known and unknown risks, some of which are beyond the control of Neometals. The Company does not guarantee any particular rate of return or the performance of Neometals. Investors should have regard to the risk factors outlined in this document.

Competent Persons Statement:

The information in this document that relates to “Barrambie Scoping Study Results”, “Mt Marion test work results”, “Barrambie Mineral Resource Estimates”, “Mt Marion Mineral Resource Estimates” and Mt Marion – Successful Semi-Pilot Plant Results is extracted from ASX Releases set out below. The Company confirms that it is not aware of any new information or data that materially affects the information included in the ASX Releases set out below, and in the case of estimates of mineral resources, that all material assumptions and technical parameters underpinning the estimates in those ASX Releases continue to apply and have not materially changed.

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The Company confirms that all the material assumptions underpinning the production target and the forecast financial information derived from the production targets in the Barrambie Scoping Study and Mt Marion Pre-feasiblity Study continue to apply and have not materially changed.

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Our Strategy
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Develop low-cost operations with strong partners

Quality captive resources Attractive commodities with strong, long-term fundamentals

Focus on low-cost, process technologies for long-term profitability

Reduce financial and operating risk via industry partnerships

Divest Non-core assets to maintain balance sheet strength

Lean management team

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Our Strategy
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ASX Code: NMT OTC: NMTUY ASX Code: NMT OTC: NMTUYPrice (AUD)
$0.050
Last close (17 Dec 2014) $0.035 Last close ( 12 Dec 2014 ) $ 0.036
$0.040
Shares on issue 499.4 M $0.030 Shares on issue M 499.4
Cash (30 Sept 2014) $11.7 M $0.020Cash (30 Sept 2014) $m 11.7
$0.010
Incl Restricted Term Deposit $6.2 M Incl Restricted Term Deposit $m 6.2
$0.0
Market capitalisation $17.5 M Market capitalisation1/07/14 1/08/14 1/09/14 1/10/14 $m1/11/14 1/12/14 19
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Mt Marion Lithium Project 70% Neometals

30% and Operator Mineral Resources Ltd (ASX:MIN)

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High Quality Resource
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3[rd]

Highest ranked undeveloped hard-rock deposit globally

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Sources: SignumBOX, Issue 8, February 2014

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Project Strategy
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Produce Lithium Value add into
Mineral Lithium Battery
Concentrates Materials (LiOH)
with partner MIN with Partners
=
+
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Integrated Lithium
Producer
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Commercialisation Plan
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Final
Final
Obtain Investment
Downstream Investment
Take-or-Pay Decision –
Partner Decision –
Offtake Concentrate
Agreement LiOH
2015 Operation
Operation
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Own low-cost Patented Technology
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Competitors
Input Price
US$5,000/t
x 1 t
Final Final
Lithium Lithium
Product Chlorination Product
Carbonate Carbonate Caustic-
LiOH Spodumene Purification LiOH
Technical Battery isation
Battery Electrolysis Battery
Grade Grade
Grade Grade
Cost Cost
US$5,700/t US$3,900/t
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Sources: SQM (Brine Flowsheet) and Neometals internal analysis including 2012 Pre-feasibility Study. All prices are FOB Basis.

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Barrambie Titanium Project 100% Neometals

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High Quality Resource
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1 34% TiO 2 Lac Tio

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2
3
47Mt @
22% TiO2 18%TiO
2
Barrambie
Tellnes
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*** Mineral Resource Estimate (JORC2012) on page 20**

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Sources: Company Reports

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Project Strategy
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Mine, Concentrate Produce Titanium Integrated Titanium and Truck Pigment with Producer Titanium Industry Partner Concentrate = +

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Commercialisation Plan
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Pilot Scale
Complete Beneficiation Definitive Final
Pre-feasibility & Hydromet Feasibility Investment
Study Test work Study Decision
1H 2015 2H 2015 2016
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Attract JV Partner
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Licenced low-cost Technology
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Competitors
Input Price
US$1,000/t
X1.2t
Final Final
Chlorination Product ROM Chlorination Product
Rutile
& Purification Fine Ore & Purification Fine
Pigment Pigment
Cost Cost
US$2,100 - US$1,214/t
2,300/t
 Step 1: Proof of concept
 High purity 99.9% TiO2
 Mini-pilot scale testing in Canada
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Sources: SQM (Brine Flowsheet) and Neometals internal analysis including 2012 Pre-feasibility Study. All prices are FOB Basis.
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Investment Proposition

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A growth story for 2015
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
03
02
01
Obtain
Demonstrate + Demonstrate Strong
+
Technical Economic Partners
Feasibility Viability to Commercialise
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Thank you www.neometals.com.au

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Mineral Resource Estimates
for the Mt Marion Lithium deposit, as at July 2011, for a block cut-off grade of 0.3% Li2O
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Project Area	Material type	Measured	Measured	Measured	Indicated	Indicated	Indicated	Inferred	Inferred	Inferred	Total	Total	Total
		Tonnes	Li~~2~~O%	Fe~~2~~O~~3~~%	Tonnes	Li~~2~~O%	Fe~~2~~O~~3~~%	Tonnes	Li~~2~~O%	Fe~~2~~O~~3~~%	Tonnes	Li~~2~~O%	Fe~~2~~O~~3~~%
Area1	Oxide	60,000	1.19	0.67	144,000	1.26	0.82	179,000	1.2	1.0	383,000	1.2	0.9
	Transitional	658,000	1.44	0.79	727,000	1.41	1.14	353,000	1.3	1.4	1,739,000	1.4	1.1
	Fresh	666,000	1.54	0.98	1,051,000	1.41	1.31	1,379,000	1.3	1.4	3,096,000	1.4	1.3
	Subtotal	1,384,000	1.48	0.88	1,923,000	1.40	1.21	1,911,000	1.3	1.4	5,218,000	1.4	1.2
Area2	Oxide	-	0.00	0.00	-	1.64	1.19	18,000	1.3	1.1	18,000	1.3	1.1
	Transitional	-	0.00	0.00	19,000	1.42	1.50	215,000	1.3	1.4	234,000	1.3	1.4
	Fresh	64,000	1.31	1.41	385,000	1.35	1.59	833,000	1.3	1.5	1,281,000	1.3	1.5
	Subtotal	64,000	1.31	1.41	404,000	1.35	1.59	1,065,000	1.3	1.5	1,532,000	1.3	1.5
Area2W	Oxide	-	0.00	0.00	6,000	0.90	0.92	33,000	0.9	1.0	39,000	0.9	1.0
	Transitional	2,000	1.23	1.19	56,000	1.09	1.11	210,000	1.1	1.1	268,000	1.1	1.1
	Fresh	433,000	1.38	0.97	1,554,000	1.39	1.12	2,669,000	1.3	1.1	4,655,000	1.3	1.1
	Subtotal	435,000	1.38	0.97	1,616,000	1.38	1.12	2,911,000	1.3	1.1	4,963,000	1.3	1.1
Area4	Oxide	-	0.00	0.00	-	0.00	0.00	4,000	0.8	1.6	4,000	0.8	1.6
	Transitional	17,000	1.31	1.43	182,000	1.22	1.35	251,000	1.1	1.5	450,000	1.1	1.4
	Fresh	28,000	1.47	1.26	223,000	1.32	1.34	397,000	1.3	1.3	648,000	1.3	1.3
	Subtotal	45,000	1.41	1.33	405,000	1.28	1.34	652,000	1.2	1.4	1,102,000	1.2	1.3
Area5	Oxide	-	0.00	0.00	-	0.00	0.00	22,000	1.1	2.2	22,000	1.1	2.2
	Transitional	-	0.00	0.00	2,000	1.41	1.82	102,000	1.3	2.4	104,000	1.3	2.4
	Fresh	-	0.00	0.00	9,000	1.44	2.24	216,000	1.3	2.2	226,000	1.3	2.2
	Subtotal	-	0.00	0.00	11,000	1.43	2.17	340,000	1.3	2.3	351,000	1.3	2.3
Area6	Oxide	-	0.00	0.00	2,000	1.57	1.36	55,000	1.6	1.7	58,000	1.6	1.7
	Transitional	16,000	1.57	1.12	208,000	1.53	1.24	663,000	1.4	1.4	887,000	1.4	1.3
	Fresh	71,000	1.59	0.98	200,000	1.54	1.15	485,000	1.5	1.2	756,000	1.5	1.1
	Subtotal	87,000	1.59	1.01	411,000	1.54	1.20	1,203,000	1.5	1.3	1,701,000	1.5	1.3
Project	Total	2,015,000	1.45	0.93	4,769,000	1.39	1.22	8,082,000	1.3	1.3	14,866,000	1.30	1.2

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NOTE : Figures may not sum due to rounding. Significant figures do not imply an added level of precision.

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Mineral Resource Estimates
for the Barrambie Ti-V deposit, as at September 2013, for a block cut-off grade of 15% TiO2
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Classification	Zone	Oxidation	MTonnes	Density (t/m3)	TiO2 (%)	V2O5 (%)	Fe2O3 (%)	Al2O3 (%)	SiO2 (%)
Indicated	Eastern	Oxide	18.7	2.82	23.29	0.59	42.93	10.70	16.36
		Transition	8.7	3.52	23.11	0.61	50.80	7.34	12.99
		Fresh	2.4	3.85	21.77	0.56	52.90	5.99	12.84
		Sub-total	29.8	3.10	23.11	0.60	46.02	9.35	15.10
	Central	Oxide	3.5	2.95	16.84	0.92	49.82	11.06	14.91
		Transition	1.3	3.50	17.39	0.89	54.76	8.49	12.15
		Fresh	0.1	4.04	15.59	0.88	59.93	7.22	10.96
		Sub-total	4.9	3.12	16.95	0.91	51.40	10.28	14.08
		Total	34.7	3.11	22.25	0.64	46.77	9.48	14.95
Inferred	Eastern	Oxide	2.6	2.71	20.88	0.48	40.00	12.20	19.42
		Transition	3.3	3.29	23.04	0.59	47.51	8.62	14.45
		Fresh	5.5	3.71	22.82	0.57	47.50	8.39	14.57
		Sub-total	11.4	3.36	22.44	0.55	45.78	9.33	15.65
	Central	Oxide	0.1	3.07	16.64	0.98	53.63	9.96	13.33
		Transition	0.4	3.47	18.36	0.86	54.15	8.79	12.43
		Fresh	0.7	3.86	17.30	0.91	53.48	9.44	13.17
		Sub-total	1.2	3.64	17.55	0.90	53.71	9.30	12.96
		Total	12.5	3.38	21.99	0.58	46.51	9.32	15.40
		Grand Total	47.2	3.18	22.18	0.63	46.70	9.44	15.07

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NOTE : Figures may not sum due to rounding. Significant figures do not imply an added level of precision.

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