REG - Neo Energy Metals - Announcement of Interim Consolidated Results

Neo Energy MetalsAnnouncement

Tue 07:00

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RNS Number : 9048C  Neo Energy Metals PLC  05 May 2026

NEO ENERGY METALS PLC

("Neo Energy" or the "Company")

(LSE: NEO  |  A2X: NEO)

 

INTERIM CONSOLIDATED RESULTS FOR THE SIX-MONTH PERIOD ENDED 31 MARCH 2026

 

Neo Energy Metals plc (LSE/A2X: NEO) (the "Company"), the uranium and gold
development company, announces its Interim Consolidated Results for the
six-month period ended 31 March 2026.

The results are available on the company's website, www.neoenergymetals.com
(http://www.neoenergymetals.com) under Circulars, Annual and Interim Financial
Reports in the Investors section.

They 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 has secured two uranium
projects in South Africa with a combined JORC- and SAMREC-compliant resource
of 31.5 million pounds (Mlb) of uranium and 1.2 million ounces (Moz) of gold.

 

New Beisa Node - Free State Goldfields

The New Beisa Uranium/Gold Project, to be known as the New Beisa Node, is a
brownfields 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 Mlb of uranium at 1,100ppm and
1.2Moz of gold at 3.27 g/t (SAMREC Code, 2016). Initial annual production is
targeted at approximately 810,000Mlb 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 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 December 2026. First production is 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 4.7Mlb of uranium at an average grade of
399ppm, with 25 kilometres of identified palaeochannel remaining undrilled on
the licence area. 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 for the Henkries project indicates annual production
of approximately 580,000lbs of uranium at a cash cost of approximately
US$33/lb, with an NPV (8%) of US$60m and an IRR in excess of 25% at US$85/lb.
Total initial capital requirement is approximately US$65m.

 

Enquiries

 

 Neo Energy Metals plc

 Theo Botoulas, Chief Executive Officer                via james.duncan@neoenergymetals.com (mailto:james.duncan@neoenergymetals.com)

 De Wet Schutte, Chief Financial Officer               +27 (0) 79 336 4010

 James Duncan, Investor Relations and Communications

 Financial PR / Investor Relations

 Tavistock                                             +44 (0) 20 7920 3150

 Jos Simson / Gareth Tredway                           neoenergymetals@tavistock.co.uk (mailto:neoenergymetals@tavistock.co.uk)

 Corporate Advisor

 AcaciaCap Advisors                                    +27 (0) 11 480 8500

 Michelle Krastanov                                    michelle@acaciacap.co.za (mailto:michelle@acaciacap.co.za)

 

 

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