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Neometals Limited (ASX:NMT)

ALERT: Price-sensitive ASX Announcement for NMT
Current share price for NMT : $0.031 -0.002 (-6.06%)+
Announcement
Release
25 Aug 2026 1:34PM
Price at Release
$0.033
Full Release
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Summary
Neometals Limited announced that no significant assay results were obtained from a 45-meter interval at the bottom of the RC drillhole 26RCRC006 at the Rinaldi T2 target, which had to be discontinued due to water ingress. A subsequent diamond drill tail is planned to further test the T2 dipole-dipole induced polarization target, pending conditions and approvals. Results from remaining samples including copper, gold, and silver are still pending, and further analysis is ongoing. The company aims to conduct a detailed magnetic survey and soil geochemistry program to confirm historic soil anomalies. Neometals is focused on delivering stakeholder value through sustainable production and development of critical mineral projects.
Key Points
  • No significant assays from 45m interval in drillhole 26RCRC006.
  • Drillhole 26RCRC006 discontinued due to water ingress.
  • Diamond drill tail planned to test T2 DDIP target in September 2026.
  • Remaining samples for copper, gold, silver analysis ongoing.
  • Magnetic survey and soil geochemistry program planned.
  • Neometals aims for sustainable production of critical materials.
  • Focused on Barrambie Gold Project and Utah Brine Project.
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.