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ASX RELEASE

6 April 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

Investor Update

Neometals Ltd (ASX:NMT)(‘Neometals’ or the ‘Company’) advises that an investor presentation is being provided to investors in Sydney and Melbourne during the course of this week, a copy of which follows this announcement.

Additionally, the Company can confirm that in accordance with the revised completion arrangements agreed with Ganfeng Lithium Co. Ltd, as announced to the ASX on 18 February 2016, completion of the sale and release of the remaining US$13.575 million to Neometals occurred on 31 March 2016.

Finally, the Company reminds shareholders that the dividend declared on 14 March 2016 will be paid to eligible shareholders on 7 April 2016.

ENDS

For further information, please contact:

Chris Reed Managing Director Neometals Ltd T: +61 8 9322 1182 E: [email protected]

Media Richard Glass / Michael Weir Citadel‐MAGNUS T: +61 8 6160 4900

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Investor Presentation
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ASX Code: NMT
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April 2016
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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 “Barrambie Pre Feasibility Study 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.

13/11/2013	Barrambie-Scoping Study Results
6/12/2013	Barrambie-Amended JORC 2012 Mineral Resource Estimate
25/08/2015	Barrambie Pre Feasibility Study Results
21/09/2015	Mt Marion Lithium Project-New Mineral Resource Estimate

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 Pre-feasibility 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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To generate multiple, long term cashflow streams that we can share with our shareholders 2 cent unfranked div and A$5M/5% on market buyback

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Corporate Details
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ASX CODE: NMT	OTC:RDRUY	OTC:RDRUY
Last close (31‐Mar‐2016)	$	0.34
Shares on issue Market capitalisation	m $m	559 190
Cash (est 31‐Mar‐2016)	$m	65.3
Debt (31‐Mar‐2016)	$m	0.0
Enterprise value	$m	135

12 MONTH SHARE PRICE

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35
30
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DIRECTORS/MANAGEMENT Steven Cole Non‐Executive Chairman Chris Reed Managing Director & CEO David Reed Non‐Executive Director Michael Tamlin COO Jason Carone CFO & Company Sec.

	MAJOR SHAREHOLDERS	MAJOR SHAREHOLDERS
	David Reed	11.7%
	Melaid Holding Inc	6.8%
	Top 20 (31‐Mar‐2016)	38.0%

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* Estimate
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Group structure
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Neometals Ltd (ASX:NMT)

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26.9% 100% 70%
Process Minerals Int’l 30% Reed Reed 30% Process Minerals Int’l
Industrial Advanced
Pty Ltd (Mineral Minerals Materials Pty Ltd (Mineral
Resources Ltd) Pty Ltd Pty Ltd Resources Ltd)
43.1%
Jiangxi Ganfeng Lithium
Co., Ltd Mount Marion Barrambie Lithium Hydroxide
Lithium Titanium Project
Project Project (ELi Process)
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Board and management structure
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Disciplined, cohesive and engaged board/management group
• Move to best practice CG structure
• Steven Cole now Independent Chairman
• David Reed remains Non-executive Director
• Recruiting 2 additional independent NED’s
• Lean CEO/CFO/COO management team
• Appointment of Senior Lithium industry executive Michael Tamlin as COO

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Demand Fundamentals
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Demand Fundamentals
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Supply Fundamentals
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Brine based exports Q2 2015 SQM 29% ALB 29% FMC  35%

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SignumBOX (Exports)
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Strong demand – constrained supply

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Lithium Concentrate Prices

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LT Demand Fundamentals
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Mt Marion Lithium Project

26.9% Neometals Ltd 43.1% Ganfeng Lithium 30% and Operator Mineral Resources Ltd (ASX:MIN)

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Project Strategy
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Mt Marion Lithium
Integrated Lithium
Lithium Mine Hydroxide Plant Producer
with Partner(s)
Operated by MIN
Ganfeng Offtake
+
=
IN
PATENTED
CONSTRUCTION
DFS UNDERWAY
+ =
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Strong Operating Partner
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
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 Australia’s largest contract minerals processor  Operate mine-to-port on BOO basis  No upfront capital cost to NMT  Certainty of construction and production timing  Minimum production levels  Fixed rate mining and processing costs + =

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Strong Offtake Partner
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 China’s leading, most profitable lithium producer  Life-of-Mine, Take-or-pay Offtake Agreement  At Market Price with floor price protection  US$20M Letter of Credit (100% payment on shipping)  Ability for MIN/Neometals to take equity share of production after 3 years.

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Range of Potential Option Exercise Outcomes
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Neometals

MIN exercise call 13.8% equity +US$19.65M

MIN exercise put 34% equity GFL call lapse -US$10.9M

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Flythrough
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Site layout
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Site photos - Pit 1
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Site photos - Crushing & Screening
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Site photos - Beneficiation Plant
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Near-term milestones
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Downstream processing Lithium Hydroxide (LiOH)

70% Neometals Ltd 30% Mineral Resources Ltd

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Own low-cost Patented Technology
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Own low-cost Patented Technology
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Own low-cost Patented Technology
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Pre-feasibility Study - Financial Metrics ()
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Life of Plant(LOP)	20years
Pre-production Capital cost *	US$ 83 million
Average Annual Pre-tax Net Cashflow [1	US$ 63 million
Pre-tax Internal Rate of Return	94%
Pre-tax NPV (12% real discount rate)	US$ 321 million
Payback of capital costs	2 years
Average Annual Production	10,000t LiOH 8,810t Li2CO3
Average Cost per tonne of LiOH	US$ 3,878/t
Average Cost per tonne of Li2CO3	US$ 4,538/t

(*) Capital costs valid at September 2012. Estimated to accuracy of ± 35% Assumptions: Spodumene feedstock US$350/t CIF (6% Li2O); LiOH/Li2CO3 selling price US$6,900/t CIF, MYR = US$0.32

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Commercialisation Plan
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(*) Subject to RAM Board Approval

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Barrambie Titanium Project 100% Neometals

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Titanium Fundamentals
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Sources: Company Reports

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High Quality Resource
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+150Mt @34% TiO 2

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*** Mineral Resource Estimate (JORC2012) on page 29**

18% Tellnes + =

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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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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/Con & Purification Fine
Pigment Pigment
Cost
Cost
US$1,214/t
US$2,100 -
US$572/t
2,300/t
 Mini-pilot scale testing in Canada – 2014/15
 High purity +99% TiO2
 PFS Completed by Sedgman – August 2015
+ =
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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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Licenced low-cost Technology
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Pre-feasibility Study - Financial Metrics ()
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Life of Mine(LOM)	19.6years
Pre-production Capital cost (excludingEPCM and Contingency) [1	A$ 549 million
Average Annual Pre-tax Net Cashflow	A$ 123 million
Pre-tax Internal Rate of Return	21%
Pre-tax NPV(12% real discount rate)	A$ 355 million
Payback of capital costs	3.9years
Average Annual Production	98,000t TiO2 2,000t V2O5 234,000t Fe2O3
Cash Operating Cost per tonne ofpaid TiO2 net of co-product credit	US$ 572/t

(*) Estimated to accuracy of ± 25% Assumptions: US$1,838/t TiO2; US$14,873/t V2O5, US$520/t Fe2O3 Pigment, A$/US$0.75, Royalties (State/Technology) 10% Gross

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Commercialisation Plan
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Attract JV Partner
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() Subject to Board Approval
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Investment Proposition

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Lithium : Cash and cashflow
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 03
Potential to
02
expand
Potential for production and/or
01
US$19.65M from value-add
~A$65M plus + option exercise through
+
Production plus 13.8% share conversion to
commencing of production LiOH
mid-2016 cashflows
+ =
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Titanium : A growth story for 2016/17
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

03
02
01
Obtain
Demonstrated + Demonstrated Strong
+
Technical Economic Partners
Feasibility Viability to Commercialise
+ =
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Thank you www.neometals.com.au

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Mineral Resource Estimate
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for the Mt Marion Lithium deposit, as at September 2015, for a block cut‐off grade of 0% Li2O
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Classification	Deposit	Tonnes (Mt)	Li~~2~~O %	Fe~~2~~O~~3 ~~%
Indicated	Area 1	4.43	1.46	1.32

	Area 2	1.30	1.47	1.60

	Area 2W	3.39	1.48	1.24

	Area 4	0.94	1.25	1.36

Indicated Total		10.05	1.45	1.33

Inferred	Area 1	2.16	1.34	1.59

	Area 2	1.01	1.44	1.72

	Area 2W	4.52	1.40	1.13

	Area 4	1.33	1.34	1.33

	Area 5	0.96	1.33	2.44

	Area 6	3.21	1.24	1.69

Inferred Total		13.19	1.34	1.50

	Grand Total	23.24	1.39	1.43
+ =

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

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Mineral Resource Estimate
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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
	+ =

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

AI assistant

NEOMETALS LTD Investor Presentation 2016

65430_rns_2016-04-05_9edd5ab6-9a05-45c7-854f-5c7c0f34654e.pdf

ASX RELEASE

6 April 2016

Investor Update

ENDS

Competent Persons Statement:

12 MONTH SHARE PRICE

Neometals Ltd (ASX:NMT)

Strong demand – constrained supply

Lithium Concentrate Prices

Mt Marion Lithium Project

Neometals

Downstream processing Lithium Hydroxide (LiOH)

Investment Proposition

AI assistant

NEOMETALS LTD — Investor Presentation 2016

65430_rns_2016-04-05_9edd5ab6-9a05-45c7-854f-5c7c0f34654e.pdf

ASX RELEASE

6 April 2016

Investor Update

ENDS

Competent Persons Statement:

12 MONTH SHARE PRICE

Neometals Ltd (ASX:NMT)

Strong demand – constrained supply

Lithium Concentrate Prices

Mt Marion Lithium Project

Neometals

Downstream processing Lithium Hydroxide (LiOH)

Investment Proposition

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NEOMETALS LTD Investor Presentation 2016