Neometals Limited has confirmed its Ironclad gold deposit in WA's Mid West region is amenable to simple, low-cost processing, after its recent phase two metallurgical work delivered outstanding overall gold recoveries of up to 97.9 per cent. The results, which exceeded scoping study assumptions, further de-risk the company's funded JV with BML Ventures, which could see Neometals in production with a 50:50 profit share.