News Articles for Neometals

Neometals has delivered tantalising early gold assays of up to 21.88g/t gold from a recently completed reverse circulation drilling campaign at its wholly owned Barrambie gold project. The drill bit nailed two impressive gold intercepts, which hint at untapped potential in the Barrambie greenstone belt, 80 kilometres northwest of Sandstone in WA's prolific Murchison region.

After kicking the ball out of the park in the last lithium boom with its Mt Marion lithium mine, Neometals has backed up the truck for another tilt at what many believe is an impending 3rd lithium boom. The company has locked in a 60-day exclusive option to access a portfolio of inactive oil and gas wells in Utah's Paradox Basin to fast-track evaluation of lithium- and potassium-rich brines that might be lurking below.

ASX listed Neometals has welcomed the backing of the Government of Finland which will contribute a €48.7M (A$86.8M) grant towards the building of a vanadium recycling plant in the Finish port of Pori. The plant will recycle vanadium industrial waste streams using technology developed by Neometals which owns 86% of the €400M project and a 2.5% royalty over it.

Neometals Limited has delivered a stellar set of early metallurgical results from the company's Ironclad gold deposit, part of its Barrambie project, achieving up to 98 per cent overall gold recoveries alongside gravity recoveries as high as 71 per cent. The results point to a simple, low-risk processing route and mark a major leap forward for the company's revived gold push in Western Australia's Murchison region.

Neometals Limited has started drilling beneath and along strike of the historic Barrambie Ranges gold mine in WA's Murchison after a soil and mapping campaign defined multiple high-priority targets. The company says the 2,000-metre reverse-circulation program will test extensions of previously mined high-grade veins and add new data to its growing Barrambie dataset, which already includes a maiden resource at Ironclad and high-grade hits at Mystery.

Neometals Ltd has struck gold in the archives, uncovering a cache of 2271 unreported historic drill assays from its Barrambie gold project in Western Australia's goldfields, including a bonanza 3-metre run at 95.7 grams per tonne gold. The discovery will guide an upcoming drilling program. Neometals is set to get the drill rod spinning before the end of the year.

Neometals will divest its 50% stake in a lithium battery recycling joint venture to diversified infrastructure company SMS Group for $8.9 million in cash and a capped $12.5 million revenue fee. The move, set for Q3 2025, will free capital for projects such as its Barrambie gold-titanium-vanadium projects, aligning with the company's risk-reduction strategy amid Europe's electric vehicle sales slowdown.

Neometals shares have dropped almost 20 per cent on open, after it signed a terms sheet for the sale of its lithium ion battery recycling intellectual property and joint venture stake.

Neometals Ltd's drilling at its Barrambie gold project, 80km northwest of Sandstone in WA, has nailed high-grade gold, with top intercepts of 6.2m at 9.87g/t gold at its Ironclad deposit and 10.2m at 2.72g/t gold at its Mystery prospect. Other gold hits at Ironclad include 14.15m at 3.21g/t and 22.1m at 1.75g/t gold. Further drilling will target resource growth along the 4km Barrambie trend, aimed at mining in 2026.

Neometals, through its partnership with mining services heavyweight Mineral Resources, has inked an agreement with mining giant Rio Tinto to advance its patented lithium processing technology – the ELi process. The company's 70:30 joint venture Reed Advanced Materials has signed a non-binding memorandum of understanding with Rio subsidiary Livent USA to explore the commercialisation of its proprietary process to convert lithium feedstock into high-purity lithium hydroxide monohydrate.

Neometals has delivered a 250,000-tonne mineral resource estimate averaging 1.6g/t gold for mineralisation near historical underground workings at its Ironclad deposit in the company's Barrambie project near Sandstone. The inaugural inferred estimate of 13,000 ounces gold for Ironclad was completed to confirm historical non-JORC compliant estimates and is based mainly on shallow reverse circulation and rotary air blast holes drilled mostly to less than 75 metres deep.

Neometals has responded to the current heady gold prices and somewhat lukewarm battery metals market with a strategic re-evaluation of its Barrambie gold project in WA's Murchison region. The company says it has identified “a compelling opportunity” to use its in-house expertise, infrastructure, strategic position and existing Barrambie exploration target to bring a gold prospect to a decision to mine status in the second half of 2026.

Neometals has unveiled the first assay results from its maiden reverse circulation drilling campaign at its Barrambie gold project in WA, breathing new life into an historic high-grade gold region that's been dormant for decades. An initial 11-hole program was carried out at the company's Ironclad and nearby Mystery North prospects, confirming gold mineralisation aligned with historical data, ahead of a planned mineral resource estimate later this year.

Neometals has scored another tranche of funding to advance its vanadium recovery operation in Finland. EIT RawMaterials will throw in an additional €0.494m (A$818) in grant funding, following an earlier €0.5m investment late last year to increase its minority shareholding in a Scandinavian special purpose vehicle to 2.2 per cent.

Neometals Ltd has launched a maiden drilling campaign at its Barrambie project in WA's Barrambie Greenstone Belt, where records indicate more than 27,000 ounces of gold were produced at an average grade of 27.8 grams per tonne. From reviews of multiple historic mine records, Neometals estimates an initial project exploration target of between 8 million tonnes at 1.3g/t and 10.5mt at 2.3g/t for 335,000 and 775,000 ounces of gold respectively.

Neometals says its pilot-stage ELi electrolytic” process to produce lithium hydroxide from lithium chloride in brine has successfully produced high purity lithium hydroxide monohydrate crystals. The pilot trial involved 1000 hours of exposure of South American lithium chloride brines to Neometals' electrolytic process and confirmed the expected power consumption, membrane life and scaleability of the commercial application

Neometals Ltd has successfully rolled out its patented lithium battery recycling technology with the opening of a Europe's first automotive battery recycling plant by Mercedes-Benz in Kuppenheim, Germany. Neometals and its 50% technology JV partner, SMS Group, have licensed the ground-breaking technology to Mercedes who will harvest end of life batteries for valuable lithium, nickel and other metals.

This week's Bulls N' Bears Runner of the Week is … Element 25 after the potential high-purity manganese producer hit paydirt with a US Government energy grant for US$166 million (AU$241.5 million). West Cobar Metals' share price also leapt higher after it nailed impressive antimony-copper drill hits at its NSW project, while other movers-and-shakers this week were Emperor Energy and Neometals.

Neometals has dusted off historical data to unveil a new Western Australian gold strategy at its Barrambie project that previously produced 27,000 ounces at 27.8g/t. The company says recent rock-chip samples threw up grades as high as 44g/t, prompting it to pivot back to the precious yellow metal, while its titanium and vanadium pursuits will now take a backseat.

The European Union has delivered ASX-listed Neometals a crucial endorsement for its vanadium recovery project in Finland, co-funding part of the company's bid to become Europe's first vanadium producer. The funding deal for the project that refines waste from steelmaking into the valuable vanadium battery metal was executed with Germany's EU-backed EIT RawMaterials and could be worth up to some AU$42.3 million.

ASX-listed Neometals has switched up its corporate strategy to sharpen focus on rolling out bigger and more lithium-ion battery recycling plants to a growing list of license holders via the Primobius joint venture it shares with SMS group. It will also target the sale of non-core assets and building strategic partnerships to share the ongoing development expenditure of other technologies to better manage its capital.

Neometals has taken a first-hand look at the extraction of high-value metals palladium and gold from metallurgical testwork at the United State-based Precious Metals Recovery pilot plant as it considers taking an 80 per cent stake in the high-tech operation. A second trial has also now begun in a bid to replicate the success when using the preferred feedstock and re-agents process.

Our weekly appointments wrap includes Kylie Maj, Steve Formica, Adam Handley, Shane Hartwig, Alwyn Vorster, Kellie Davis, Zac Komur and Jennifer Purdie.

West Perth-based Neometals has appointed Jennifer Purdie as its chief operating officer.

Neometals is looking to stage a US$10 million ($AU15.1 million) cash-and-shares payment to grab an 80 per cent share in a United States-based company which has developed a hydrometallurgical process that selectively recovers precious metals from industrial waste streams. The company says it has secured an option for the acquisition, believing its expertise could increase production by further refining the pilot-plant process.

A joint bid by Neometals and mining giant Mineral Resources, using electricity to turn purified lithium chloride from South American brines into lithium hydroxide, has entered its final stage at a testing facility in Canada. The pilot testwork progam being undertaken with Neometals' proprietory “ELi” process is aimed at producing a converted material for use in the manufacture of electric vehicle batteries.

Battery materials recycler Neometals has earned a promotion from the United States' over-the-counter “Pink Sheets” market to now be eligible to trade on the top tier – the OTCQX Market Group's “Best Market”. It means US investors can now get behind the West Perth-based company with more confidence as the Best Market qualification is underpinned by strict financial criteria regulation by the Securities and Exchange Commission.

German luxury automotive manufacturer Mercedes-Benz has inked a $30 million deal with Perth company NeoMetals to buy a battery materials refinery asset.

Mercedes Benz has put in a $30.7 million purchase order for Neometals' JV company Primobius to build a hydrometallurgical “hub” to complete the motoring giant's new lithium-ion battery recycling plant in the German town of Kuppenheim. The order continues a growing relationship between Primobius and Mercedes and includes the fabrication, installation and commissioning of the innovative plant.

Neometals has revealed plans for its 50 per cent-owned subsidiary Primobius to deliver a fully-integrated hydrometallurgical refinery hub to Stelco, offering recycled battery metal products to the electric vehicle market. Primobius' option to acquire up to a 50 per cent equity in the Stelco special purpose vehicle has been extended until June 30 in 2025 to align with the fully-integrated plant offer.

An independent life-cycle assessment into Neometals' Primobius lithium-ion battery recycling plants has shown the potential for its strategy to produce key battery materials with an exceptionally low carbon footprint. The assessment, conducted by environmental impact mitigation company Minviro, confirmed Primobius' integrated hydrometallurgical refining process had a significantly lower footprint in terms of global warming potential.

Neometals says it has discovered visible spodumene, the major hard-rock source of lithium, under ultraviolet light in historic diamond core from its Spargos exploration licence, which straddles the prospective Mt Ida fault, north/north-west of Norseman in Western Australia. No modern or older lithium assays are available, but resampling and verification work is underway on selected old core retained by the company.

Battery materials recycler Neometals says purification testwork on its pilot proprietary “ELi” lithium production process removes more than 97 per cent of brine feed-source impurities, creating a solution suitable for electrolysis. The company says the level of purification in the clean brine solution meets the specification required for the electrolytic stage in its majority-owned and trademarked ELi process.

Australian battery materials producer Neometals says its joint venture partner Primobius has produced industry-leading quality in trial production of battery-grade nickel sulphate from recycled lithium-ion batteries. The company believes the development, using Primobius' patented technology, has immeasurable implications for sustainability through the recycling of expired batteries, which have largely unchanged components that can be recovered and turned into new batteries.

ASX-listed Neometals has achieved lithium recoveries of greater than 93 per cent from trials of a new process at its Primobius hub plant, in a move expected to offer savings in both operating and capital costs. Primobius is a joint venture (JV) company owned equally by Neometals and SMS group, which has installed plants in nearly every country in the world.

Minerals explorer Neometals has been unable to nail down offtake terms with Chinese buyer Jiuxing Titanium Materials Co for its project in the Mid West.

The Australian Patent Office has granted Neometals' recycling subsidiary Primobius timely protection for the key hydrometallurgical separation “hub” of its lithium-ion battery (LiB) recycling process – the downstream component of its mechanical battery disassembly “spoke” plant. The company recently revealed it had received an order from Mercedes-Benz for a 10-tonne per day lithium-ion battery shredding plant for its new recycling operation in Germany.

Neometals' joint venture company Primobius has received an order from Mercedes-Benz to supply a 10-tonne per day lithium-ion battery shredding plant for the global vehicle manufacturing giant's new recycling operation at Kuppenheim in southern Germany. The “spoke” plant is designed to recover materials that will be recycled into a planned 50,000 battery modules that will be installed into new Mercedes vehicles.

Emerging sustainable battery materials producer Neometals says it has completed an engineering cost study for the hydrometallurgical refinery section of its Primobius lithium-ion battery recycling facility. The company says the study delivers greater transparency on the project's commercial economics. Primobius is a joint venture between Neometals and SMS group, which has installed plants in nearly every country in the world.

Perth-based Neometals says its indirectly-owned subsidiary Novana Oy and Glencore International have penned an offtake agreement to lock in the exclusive sale of battery metal vanadium for five years. Glencore will buy all of the vanadium product, sourced from Finnish steel slag, from Novana starting in January, 2026. It will also continue to provide technical guidance throughout the vanadium recovery project.