REG - Neo Energy Metals - AGM and Posting of Related Documents

Neo Energy MetalsAnnouncement

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RNS Number : 7060B  Neo Energy Metals PLC  23 April 2026

 

 

NEO ENERGY METALS PLC

("Neo Energy" or the "Company")

(LSE: NEO  |  A2X: NEO)

 

ANNUAL GENERAL MEETING ("AGM") AND POSTING OF RELATED DOCUMENTS

 

Neo Energy, the uranium and gold development company focused on South Africa,
advises that its AGM will be held on Monday, 18 May 2026 at 10h00 at Argyll, 1
Cornhill, London, EC3V 3ND, United Kingdom.

 

The Company confirms that the Notice of AGM, together with a Form of Proxy and
the Company's Annual Financial Reports for the years ended September 2024 and
September 2025, has been posted to shareholders today, 23 April 2026. These
documents will be available on the Company's website, www.neoenergymetals.com
(https://www.neoenergymetals.com) .

 

A copy of the Notice of AGM  will shortly be available for inspection at the
FCA's National Storage Mechanism:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

ENDS

 

About Neo Energy Metals plc

Neo Energy Metals plc is a uranium and gold company listed on the London Stock
Exchange Main Market (LSE: NEO) and the A2X Markets (A2X: NEO), with a JSE
Main Board listing targeted for 2026. The Company holds two uranium projects
in South Africa with a combined JORC- and SAMREC-compliant resource of 31.5
million pounds U₃O₈ and 1.2 million ounces of gold.

 

New Beisa Node - Free State Goldfields

The New Beisa Uranium/Gold Project, to be knowns as the New Beisa Node, is a
brownfield uranium and gold development located on the Beatrix 4 shaft
property near Virginia in the Free State Goldfields, one of the highest-grade
uranium-bearing regions in the world. The project is being acquired from
Sibanye-Stillwater, which operated the Beatrix 4 shaft complex until 2022 and
will have a significant shareholding in Neo Energy. The asset carries more
than US$500 million in historical capital investment and benefits from
existing surface infrastructure including a headgear and winding systems, a
gold processing plant with 120,000 tonne-per-month milling capacity, primary
ventilation, a tailings storage facility and all major utilities. Underground
development is in place, with the Beisa Reef accessible from the existing
shaft at depths of 300 to 1,000 metres.

 

Measured and Indicated resources stand at 26.8 million pounds of uranium at
1,100ppm and 1.2 million ounces of gold at 3.27 g/t (SAMREC Code, 2016).
Initial annual production is targeted at approximately 810,000 pounds of
uranium and 52,000 ounces of gold, at an all-in sustaining cost below US$30
per pound uranium equivalent after gold credits, with an estimated mine life
of 17 years on current Measured and Indicated resources. The potential exists
for an additional 90 million pounds uranium and 4.2 million ounces gold.
Production figures are subject to confirmation on completion of the
Implementation Assessment currently under way.

The Beatrix Mining Right is being transferred to Neo Energy under Section 11
of the Mineral Resources and Petroleum Development Act; ministerial consent is
required on or before 6 June 2026. First uranium sales are targeted for
December 2027.

 

Henkries Node - Northern Cape

The Henkries Uranium Project, to be known as The Henkries Node, is a
near-surface, palaeochannel-hosted uranium deposit in the Northern Cape
Province. Mineralisation occurs in unconsolidated sands from surface to a
maximum depth of eight metres, requiring no drilling or blasting.
JORC-compliant resources total 4.7 million pounds of uranium at an average
grade of 399ppm, with 25 kilometres of identified palaeochannel remaining
undrilled on the licence. The process route - conventional acid leach to
yellowcake - has been proven through an Anglo American pilot plant that
processed more than 200 test pits at a cost of over US$30 million.

 

A 2024 Feasibility Study indicates annual production of approximately 580,000
pounds of uranium at a cash cost of approximately US$33 per pound, with an NPV
(8%) of US$60 million and an IRR in excess of 25% at US$85 per pound. Total
initial capital requirement is approximately US$65 million. The project
remains economic at uranium prices as low as US$45-50 per pound. A mining
right application is pending.

 

Enquiries

 

 Neo Energy Metals plc                                 via james.duncan@neoenergymetals.com (mailto:james.duncan@neoenergymetals.com)

 Theo Botoulas, Chief Executive Officer

 De Wet Schutte, Chief Financial Officer

 James Duncan, Investor Relations and Communications

 Financial PR / Investor Relations

 Tavistock                                             +44 (0) 20 7920 3150

 Jos Simson / Gareth Tredway                           neoenergymetals@tavistock.co.uk

 Joint Corporate Broker

 Shore Capital Stockbrokers Limited                    +44 (0)20 7408 4090

 Toby Gibbs

 Corporate Advisor

 AcaciaCap Advisors                                    +27 (0) 11 480 8500

 Michelle Krastanov                                    michelle@acaciacap.co.za

 

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