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Neometals Limited (ASX:NMT)

ALERT: Price-sensitive ASX Announcement for NMT
Current share price for NMT : $0.020 -0.018 (-46.67%)+
Announcement
Release
19 May 2026 8:15AM
Price at Release
$0.038
Full Release
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Summary
Neometals Ltd has completed a Dipole-Dipole Induced Polarisation (IP) geophysical survey at its 100% owned Barrambie Gold Project in Western Australia, which has revealed multiple high priority drill targets near historic Rinaldi Copper workings. The survey identified strong coincident chargeability and resistivity responses, particularly 700 meters northeast of the historic workings, indicating significant potential for copper mineralization. The Rinaldi site is strategically located along strike from Solstice Minerals Limited’s Nanadie Copper Project and falls within the Barrambie Greenstone Belt. Neometals plans to design drill holes to test these IP targets and include them in a planned RC drilling program at the Ironclad Gold Deposit, set to commence in June 2026.
Key Points
  • Dipole-Dipole Induced Polarisation survey completed in April 2026.
  • Strong chargeability and resistivity response 700m northeast of Rinaldi workings.
  • Moderate chargeability observed along strike and below historic workings.
  • Rinaldi is along strike from Solstice Minerals' Nanadie Copper Project.
  • Historic mining delivered 138 tonnes of copper at 9.8% Cu1.
  • Neometals prioritizing drill design for June 2026 RC drilling program.
  • Barrambie Project hosts one of the world's highest-grade titanium deposits.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.