NMT 2.17% 22.5¢ neometals ltd

News: Neometals targeting offtake agreements for Western Australia lithium project

  1. Neometals (ASX:NMT) is focused on securing binding offtake agreements for its Mt Marion Lithium Project in Western Australia before the joint venture can consider a final investment decision.

    In January, the company entered into a binding Memorandum of Understanding with Metals X (ASX:MLX) to lease the lithium mining rights over a portion of the Hampton Area Location 53 in Western Australia.

    Neometals has a 70% interest project in the Mt Marion project.

    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.

    Christopher Reed, managing director, discussed the company’s plans at the February 2015 Proactive Investors Melbourne / Sydney Luncheons.

    The full presentation can be ACCESSED HERE.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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