Neometals (ASX:NMT) and IMUMR Commence Pilot Trials at Barrambie

Minerals and materials development company Neometals (NMT), through its partner IMUMR, has commenced pilot trials on gravity concentrates from the Barrambie Titanium and Vanadium Project in WA

The trials come after successful testwork, which confirmed Neometals’ reductive roasting and magnetic separation flowsheet

IMUMR will now manage and fund the trials to prove that gravity concentrates can be roasted and separated into two high-quality saleable products

On the market today, Neometals is up 7.46 per cent and is trading at 36 cents

Neometals’ (NMT) Chinese partner, IMUMR, has commenced pilot trials on gravity concentrates from the Barrambie Titanium and Vanadium Project in WA.

The pilot program comes after successful testwork in China, which confirmed Neometals’ reductive roasting and magnetic separation flowsheet.

IMUMR will manage and fund the trials to prove that gravity concentrates can be roasted and separated into two high-quality saleable products.

“It is a significant step forward in realising Neometals’ goal to develop Barrambie as a capital-light concentrate operation initially and retaining the optionality to value add through downstream processing in the future,” the company told the market this morning.

The project is located around 80 kilometres northwest of Sandstone in Western Australia and, according to the company, is the most advanced, undeveloped hard-rock titanium mineral resource in the country.

Potential offtake partners will observe the pilot trials and product samples will be evaluated to speed up discussions.

The pilot trials are expected to be complete in the June 2021 quarter.

On the market today, Neometals is up 7.46 per cent and is trading at 36 cents at 12:40 pm AEDT.

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