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Neometals Limited (ASX:NMT)

ALERT: Price-sensitive ASX Announcement for NMT
Current share price for NMT : $0.026 0 (0%)+
Announcement
Release
12 Jun 2026 8:20AM
Price at Release
$0.026
Full Release
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Summary
Neometals Limited announced positive results from Phase 2 metallurgical testwork on the Ironclad deposit within its Barrambie Gold Project. The testwork, conducted on seven composite samples, showed gravity recoverable gold ranging from 10% to 35.1% and overall recoveries averaging 91%. No sulphide minerals were detected, reinforcing the ore's amenability to conventional gravity and leach processing. The Barrambie Project, one of the world's highest-grade titanium deposits, also holds significant potential for gold mineralisation. Ongoing drilling, along with future exploration and technical studies, aim to further develop and optimize the Ironclad deposit.
Key Points
  • Positive results from Phase 2 metallurgical testwork at Ironclad deposit.
  • Gravity recoverable gold ranged from 10% to 35.1%, with an average overall recovery of 91%.
  • No sulphide minerals were detected in the samples.
  • The Barrambie Project hosts one of the world's highest-grade titanium deposits and is highly prospective for gold.
  • Drilling and metallurgical testwork are ongoing to further understand the variability and processing characteristics.
  • Future exploration and technical studies are planned to further develop the Ironclad deposit.
  • The Barrambie Project's exploration tenure covers 357 square kilometres, with significant potential for gold occurrences.
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.