REG - Neometals Ltd - Quarterly Activities Report

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24/10/2024 07:15

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RNS Number : 4455J  Neometals Ltd  24 October 2024

 

 

24 October 2024

Neometals Ltd

("Neometals" or "the Company")

Quarterly Activities Report

For the quarter ended 30 September 2024

 

Highlights

 

CORPORATE

·   Cash balance of A$7.8M, investments and net receivables of A$13.8M and
no debt; and

·   Executed restructure and right-sizing of the organisation to focus on
the commercialisation of Primobius and raised US$3M (~A$4.5M) from a placement
to a long-term shareholder.

 

 

OPERATIONS

Lithium-ion Battery Recycling (50% Neometals Ltd ("NMT") via Primobius GmbH,
an incorporated JV with SMS group GmbH ("SMS"))

·    Primobius continued the installation and commenced commissioning of
the Spoke section, and commenced installation of the refinery Hub section of
the integrated 2,500tpa lithium-ion battery recycling facility for
Mercedes-Benz at Kuppenheim, Germany; and

·   Primobius continued to grow and advance its business development
pipeline ahead of 'product readiness' target for commercial-scale Spoke and
Hub plants in 1H and 2H of 2025, respectively.

 

PRE-COMMERCIAL TECHNOLOGIES

Lithium Chemicals (70% NMT, 30% Mineral Resources Ltd via Reed Advanced
Materials Pty Ltd ("RAM"))

·    Completion of the electrolysis stage of pilot program to increase
confidence in electricity consumption and membrane life assumptions on a
natural salar brine, and confirm the sustainable cost advantage of the
technology; and

·   Commenced the final stage crystallisation of electrolysed solution to
confirm the purity of the lithium product. Completion and results expected to
be reported in the DecQ 2024.

 

Vanadium Recovery (IP 100% NMT, via Avanti Minerals Ltd; technology licensee
87.1% NMT, via Recycling Industries Scandinavia AB ("RISAB"))

 

·    EIT RawMaterials provided €0.5M in grant funding and became a
minority shareholder in RISAB, the developer of a Vanadium Recovery Project in
Finland ("VRP1"), at a pre-money valuation of €50M; and

·   RISAB commenced project financing process for VRP1, targeting
production of high-purity, low-cost vanadium, from the recycling of steel slag
by-products, for use in vanadium flow batteries and alloys.

 

UPSTREAM MINERAL PROJECTS

Barrambie Gold and Titanium/ Vanadium ("Barrambie") (100% NMT)

·      Completed maiden evaluation of gold potential resulting in a Gold
Exploration Target(1) ranging between 8Mt and 10.5Mt at an average grade of
1.3g/t Au - 2.3g/t Au, for 335,000 - 775,000 oz Au; and

·    Advanced discussions in relation to the separate divestment of the
Barrambie titanium and vanadium Mineral Resources.

 

 

 

 1  For full details refer to Neometals ASX announcement headlined "Barrambie
Gold Exploration Target" released on 23(rd) September 2024

 

Company Overview

 

Neometals facilitates sustainable critical material supply chains and reduces
the environmental burden of traditional mining in the global transition to a
circular economy.

 

The Company is commercialising a portfolio of sustainable processing solutions
that recycle and recover critical materials from high-value waste streams.

 

Neometals' core focus is its patented, Lithium-ion Battery ("LiB") Recycling
technology (50% NMT), being commercialised in a 50:50 incorporated JV
(Primobius GmbH) with 150-year-old German plant builder, SMS group GmbH.
Primobius is supplying Mercedes-Benz a 2,500tpa recycling plant and operates
its own LiB Disposal Service in Germany. Primobius' first 21,000tpa commercial
plant will be offered to Stelco under an existing technology licence for North
America.

 

Neometals is also developing two advanced battery materials technologies for
commercialisation under low-risk, low-capex technology licensing business
models:

 

·    Lithium Chemicals (70% NMT) - Patented ELi™ electrolysis process,
co-owned 30% by Mineral Resources Ltd, to produce battery quality lithium
hydroxide from brine and/or hard-rock feedstocks at lowest quartile operating
costs. Pilot scale test work planned for completion in DecQ 2024; and

 

·    Vanadium Recovery (100% NMT) - Patent pending hydrometallurgical
process to produce high-purity vanadium pentoxide from steelmaking by-product
("Slag") at lowest-quartile operating cost and carbon footprint.

 

 

 

Figure 1 - Neometals' Technology Projects and Technology Readiness Level
Commercialisation System.

OPERATIONS

   Lithium-ion Battery Recycling

   (Intellectual Property via ACN 630 589 507 Pty Ltd - NMT 50%, SMS
   50%)
   (Plant construction via Primobius GmbH - NMT 50% SMS 50%)

 

Primobius GmbH ("Primobius") is the incorporated joint venture established in
2020 to commercialise Neometals' lithium-ion battery ("LiB") recycling
technology ("LiB Recycling Technology"). The co-owner is SMS group GmbH, a
150-year old German plant builder, with in excess of 14,000 employees globally
and fabrication facilities in Europe, USA, India and China.

 

Primobius was granted an exclusive licence from Neometals' LiB Recycling
Technology holding company, ACN 630 589 507 Pty Ltd ("ACN 630") to supply LiB
recycling plants incorporating the patented flowsheet. Primobius will pay
royalties to ACN 630 where it operates as principal and will also pass through
royalties from plant supply and technology licensing arrangements. ACN 630 is
the ultimate beneficiary of five third party technology licences issued to
date. The structure is designed to flow plant supply margin and technology
royalties separately to co-owners.

 

 

Figure 2 - Interests held by joint venture partners in intellectual property
and Primobius

 

Intellectual Property and Status

 

The LiB Recycling Technology recovers materials contained in LiB production
scrap and end-of-life cells that might otherwise be disposed of in land fill.
Current LiB recycling processes predominantly rely on high carbon emission
pyrometallurgical processes. Primobius' two stage process recovers nickel,
cobalt, lithium and manganese battery materials (and physically recovers
metals and plastics) into saleable products that can be reused in the LiB
supply chain. The LiB Recycling Technology prioritises maximum safety,
environmental sustainability and product recoveries to support the circular
economy and decarbonisation.

 

Five (5) patents have now been granted with twelve (12) other national phase
patents at various stages of prosecution globally. Primobius also has, in its
own right, 4 patent families at national phase.

 

Figure 3 - High level flowsheet showing the movement of materials from
Shredding and Beneficiation

('Spoke') through to refining ('Hub') stages for the LiB Recycling Technology.

 

Commercialisation Status

The LiB Recycling Technology is at Technology Readiness Level (TRL) 8:
Industrial Validation.

 

Primobius/ ACN 630 is currently deriving revenue from gate fees and product
sales from its LiB Disposal Operation in Hilchenbach, Germany, and its
business model is targeting future revenues from:

1.   Mechanical equipment and plant supply agreements (e.g. Mercedes-Benz
plant); and

2.   Royalties from the sale by customers of refined products from future
commercial plants supplied by Primobius which utilise the LiB recycling
technology.

 

Hilchenbach Disposal Operation

 

Primobius has upgraded the Spoke section of its demonstration plant in
Hilchenbach, Germany ("Hilchenbach Spoke"), providing a commercial LiB
disposal service to the German EV and lithium battery supply chain. Primobius
receives a gate fee to accept batteries for disposal. The Hilchenbach Spoke
produces an intermediate mixed nickel/cobalt product ("Black Mass") and a
mixed copper/aluminium product ("Black Copper") which are sold on a spot basis
with pricing set according to nickel/cobalt and copper content respectively.
During the quarter Primobius' Hilchenbach Spoke operations continued.

 

Mechanical Equipment and Plant Supply

 

Primobius entered into a Co-operation Agreement with Mercedes-Benz
("Mercedes") ("Mercedes Cooperation") in March 2022. Under the Mercedes
Cooperation, Primobius entered into a five (5)-year research collaboration
aimed at jointly developing an industrial-scale recycling solution for
Mercedes(( 1 )). Primobius accepted purchase orders from Mercedes for the
Spoke section of the Mercedes plant in August 2023 and the Hub section in
January 2024.

 

During the quarter, Primobius completed the installation of the Spoke and
commenced installation of the Hub section of the Mercedes Pilot Plant. The
official opening of the Mercedes recycling plant in Kuppenheim Southern
Germany was held post the quarter end in the presence of Federal Chancellor,
Olaf Scholz.

 

 

        Figure 5 - Part of the Integrated LiB Plant installed by Primobius.

 

 

Technology Licensing

 

·   Technology licensing and joint venture option agreements are in place
with a subsidiary of Stelco Inc. ("Stelco") ("Stelco Agreements"). The Stelco
technology licence is exclusive in North America in the field of end-of-life
EV batteries, with the exception of the German carmakers. Additionally,
Primobius has the right to acquire a 25-50% equity interest in the technology
licensee at any time up to 30 June 2025(( 2  (#_ftn2) )). During the quarter
Stelco announced its acquisition by US based Cleveland-Cliffs Inc., the
largest supplier of steel to the automotive industry in North America.
Primobius looks forward to offering the first fully integrated commercial
plant in 2H 2025.

·   Three (3) exclusive licences have been issued for Scandinavia, the
Balkans and Italy and one non-exclusive licence to the UK. Neometals is the
largest individual shareholder in the licensees and ACN 630 is entitled to
receive a 10% gross revenue royalty from the technology licenses.

Commercial

 

·   During the quarter, Primobius representatives attended an official Neo
Mobility Asia signing ceremony in Bangkok to commence the collaboration
between the parties to create a LiB recycling ecosystem in Thailand. NEO
Mobility Asia is a joint venture of MGC-Asia Green Tech Company Limited, an
affiliate of Millennium Group Corporation (Asia) Public Company Limited
("MGC") and Arun Plus Mobility Holding Company Limited, an affiliate of PTT
Public Company Limited ("PTT").

·   During the quarter, Primobius entered into a non-binding MoU with a
leading Indian non-ferrous metal recovery business for the potential supply of
a turn-key LiB recycling plant.

Corporate

·   Continued recruitment activities to expand the Primobius technical,
operational, commercial and management teams associated with offering
mechanical plant and equipment package supply contracts.

 

PRE-COMMERCIAL TECHNOLOGIES

 

   Lithium Chemicals

(Intellectual Property via Reed Advanced Materials Pty Ltd ("RAM") - NMT 70%,
   Mineral Resources Ltd 30%)

 

RAM is an incorporated joint venture commercialising the patented ELi™
Process ("ELi™") which produces lithium hydroxide and carbonate from lithium
chloride solutions using electrolysis. RAM has successfully converted lithium
chloride solutions from both natural spodumene and synthetic brine feedstocks
into battery-quality lithium hydroxide, at semi-pilot scale. ELi™ has the
flexibility to produce lithium hydroxide and/or lithium carbonate at
potentially significantly lower operating cost and carbon footprint compared
to conventional production processes. ELi's key economic advantage lies in the
potential to replace costly, imported bulk chemical reagents with electricity
and low-cost internally generated reagents.

 

Intellectual Property Status

RAM now holds nineteen (19) granted patents in hard rock and brine producing
countries and has a further fourteen (14) pending national phase patents at
various stages of prosecution globally.

 

Figure 6 - Schematic showing a comparison of the conventional flowsheet for

the production of lithium hydroxide from brines with the patented Eli™
process.

 

Commercialisation Status

 

The ELi™ Process is at TRL 6: Continuous Pilot. RAM's current business model
is to generate royalties from licensing the ELi™ Process to lithium brine
and hard-rock operators, developers and processing equipment suppliers.

 

RAM has been completing staged pilot-scale trials ("ELi Pilot") on a natural
lithium chloride brine provided by the owners of an operating South American
lithium operation since June 2023. RAM successfully concluded the first stage
purification trials in the DecQ 2023. This quarter RAM completed the second
stage electrolysis of the purified lithium chloride. The final stage of the
ELi Pilot is the evaporation and crystallisation of the intermediate solution
from the electrolysis stage into lithium hydroxide monohydrate, for assessment
and evaluation by LiB cathode producers.

Technical

 

·    A long-duration (1000hr) electrolysis trial was undertaken at an
electrolyser vendor in the USA. The test is designed to confirm historic test
results obtained on synthetic brines, and increase confidence in the expected
power consumption and membrane assumptions in the 2023 Engineering Cost Study;
and

·   Commenced the crystallisation test work to confirm product purity and
quality. The results are due in the December quarter.

Commercial

·   The  successful completion of the ELi Pilot and the receipt of final
test work reports will allow RAM to finalise the documentation and data room
for a formal partner selection process to fund the next stage of
commercialisation, the industrial validation through continuous demonstration
plant trials.

 

   Vanadium Recovery
   (Intellectual Property via Avanti Materials Ltd - NMT 100%)

   Vanadium Recovery Project 1 via Recycling Industries Scandinavia AB ("RISAB")
   - 87.1% NMT

Neometals has developed a proprietary sustainable vanadium recovery process
("VRP Technology") that produces vanadium products for battery and aerospace
alloying applications from vanadium-bearing steel slag by-products. The VRP
Technology offers:

1.   A processing flowsheet utilising conventional equipment at atmospheric
pressure, mild temperatures, and non-exotic construction materials; and

2.   Potential lowest-quartile operating costs(( 3 )) and carbon-footprint
from processing steelmaking waste ("Slag"), eliminating the cost, risks and
environmental impact of mined upstream feedstocks.

Intellectual Property Status

Neometals' Vanadium Recovery IP holding company, Avanti Materials Ltd, has
eight (8) pending national phase patents for the VRP Technology across one
patent family, with two patents at examination stage.

 

Commercialisation Status

The VRP Process is at TRL 6: Continuous Pilot. The current business model is
to generate royalties from licensing the VRP Technology to steel slag
producers.

 

Vanadium Recovery Project 1 ("VRP1") - Finland

RISAB was incorporated to evaluate the feasibility of recovering high-purity
vanadium pentoxide ("V(2)O(5)") from high-grade vanadium-bearing steel Slag in
Scandinavia. In March 2023, Neometals announced the results of a feasibility
study that confirmed the potential for lowest-quartile operating costs with a
low-to-negative carbon footprint(5). In the ensuing 6 months the vanadium
price fell more than 50% and equity financing could not be secured.
Neometals advised the market in October 2023 that it could not commit to a
positive final investment decision on VRP1 and would pursue commercialisation
through a technology licensing business model while supporting RISAB to become
independently funded 4 .

Technical

No substantive technical activity was undertaken during the quarter.

Commercial

During the quarter, Neometals continued assisting RISAB to explore value
realisation options and advance discussions with potential licensees of the
VRP Technology. More specifically:

·   RISAB executed a project agreement with EIT RawMaterials GmbH ("EIT
RawMaterials")("EIT RawMaterials Agreement") to support the development of
VRP1. Specifically, EIT RawMaterials has committed to provide €0.5M (c.
A$829k) in grant funding to RISAB's 100% owned VRP1 holding company, Novana Oy
("Novana"), and become a minority shareholder in RISAB at a pre-money
valuation of €50M (c. A$82.9M) 5  ("Pre-Money Valuation"); and

·   Funding to be applied towards progressing project financing, with
improved economics arising from an additional €15M conditional investment
grant provided by the EU backed Finnish State NextGeneration fund and
potential new 20% investment tax credit from the Finnish State.

Corporate

·   Under the EIT RawMaterials Agreement, EIT RawMaterials has been issued
approximately 1.1% of the issued capital of RISAB at the Pre-Money Valuation
and has the option to subscribe for up to a further €10M in additional RISAB
equity at the Pre-Money Valuation. 6 

 

UPSTREAM MINING PROJECTS
   Barrambie Gold and Titanium/Vanadium Project
   (Neometals 100%)

 

Barrambie, located approximately 80km north-west of Sandstone in Western
Australia ("WA"), is one of the largest vanadiferous titanomagnetite ("VTM")
Mineral Resources globally (280.1 Mt at 9.18% TiO(2) and 0.44% V(2)O(5)),
containing the world's second highest grade hard rock titanium Mineral
Resource (53.6Mt at 21.17% TiO(2) and 0.63% V(2)O(5)). The Mineral Resource is
secured under a granted Mining Lease and has a granted Mining Proposal to mine
approximately 1.2Mtp of mineralisation, annually.

 

Activity Summary

 

During the quarter the following activities were undertaken to support
monetisation of the Barrambie asset:

Technical

·   Maiden assessment completed on gold exploration potential at Barrambie
using historical data from previous explorers 7 , Neometals has not conducted
any exploration for gold since 2003;

·   Barrambie Greenstone Belt ("BGB") historically produced ~27,000 gold
ounces at 27.8g/t;

·   Camp-scale gold potential with significant identified structural
corridors;

·   The identified Exploration Target along the 40km strike of BGB within
Neometals tenure is between 8Mt at an average grade of 1.3g/t Au and 10.5Mt at
an average grade of 2.3g/t Au, for an implied 335,000 ounces to 775,000 ounces
gold; and

·   The Exploration Target considers a drill dataset across ten prospects,
observed mineralogical characteristics, various geometries, dimensions and
styles of known mineralisation and current understanding of structural and
lithological controls on the location of mineralisation.

Corporate

·   The exploration target highlights a rare opportunity to potentially
uncover a substantial gold camp, and Neometals will now explore the most
effective strategy and corporate structure to allow shareholders to capitalise
on the gold potential; and

·   Advanced discussions in relation to the separate divestment of the
Barrambie titanium and vanadium Mineral Resources.

 

CORPORATE

During the quarter Neometals provided a strategy update 8  that outlined the
following key measures:

·    Restructuring and right-sizing of the organisation and its underlying
cost base to reflect strategic refocus and prioritisation of the
commercialisation of Primobius, the LiB Recycling joint venture with SMS group
GmbH; and

·    Capital management initiatives through the targeted sale of non-core
assets and strategic partnering to facilitate the ongoing development of the
Company's other technologies.

The strategic initiatives coupled with an equity placement of US$3 million to
a long-term shareholder during the quarter 9  and a A$4 million placement
settled post the quarter end 10 , support Neometals' progression of its
short-term objectives.

 

Financial

Finances (unaudited)

Cash and term deposits on hand as of 30 September 2024 totalled $7.8 million,
including $0.3 million in restricted use term deposits supporting contractual
obligations. The Company has investments totalling $13.3 million, with net
receivables of $0.5 million.

Related party payments for the quarter outlined in the ASX Appendix 5B
released contemporaneously at section 6.1 total $305,750, comprising Director
fees and superannuation.

Issued Capital

The total number of shares on issue as at 30 September 2024 was 689,898,094.

Redivium Ltd (Formerly Hannans Limited) (ASX: RIL) ("Redivium") (Battery
Recycling)

As at 30 September 2024 Neometals held 879,812,014 ordinary fully paid shares
(~26% of the issued capital) in Redivium, on an undiluted basis. Redivium
holds exclusive technology licences to Neometals' original LiB Recycling
Technology in Italy, Greece and the Balkans, a non-exclusive licence in the
United Kingdom and it is earning a 50% interest in an exclusive licence for
Scandinavia held by Critical Metals Limited.

Critical Metals Limited (Unlisted, Scandinavian Lithium/Cobalt/Base Metals)

Neometals holds ~18% of unlisted public company, Critical Metals Ltd, a
company which holds an exclusive licence to Neometals' original LiB Recycling
Technology in Scandinavia.

Authorised on behalf of Neometals by Christopher Reed, Managing Director.

- ENDS -

For more information, please contact:

 

 Neometals Ltd
 Chris Reed, Managing Director & Chief Executive Officer       +61 8 9322 1182
 Chris Kelsall, CFO & Company Secretary                        +61 8 9322 1182

 Cavendish Capital Markets Ltd - NOMAD & Broker
 Neil McDonald                                                +44 (0)131 220 9771
 Peter Lynch                                                  +44 (0)131 220 9772
 Adam Rae                                                     +44 (0)131 220 9778

 

Compliance Statement

The information in this report that relates to Mineral Resource Estimates for
the Barrambie Vanadium/Titanium Project is extracted from the ASX Announcement
listed below, which is also available on the Company's website at
www.neometals.com.au (http://www.neometals.com.au) .

 17/04/2018  Barrambie - Updated Barrambie Mineral Resource Estimate

The Company confirms that it is not aware of any new information or data that
materially affects the information included in the original market
announcements and that all material assumptions and technical parameters
underpinning the estimates in the market announcements continue to apply and
have not materially changed. The Company confirms that the form and context in
which the Competent Persons' findings are presented have not been materially
modified from the original market announcements.

Competent Persons Statement - Exploration Target

The information in this Quarterly Activities Report that relates to
Exploration Targets is based on information compiled by Jeremy Peters. Mr
Peters a Director of Burnt Shirt Pty Ltd, a geological and mining consultancy,
and has sufficient experience relevant to Western Australian orogenic gold
mineralisation and to the reporting of Exploration Targets to qualify as a
Competent Person as defined in the December 2012 Edition of the "Australasian
Code for Reporting of Exploration Results, Mineral Resources and Ore
Reserves". Data compiled from historic WAMEX reports by the Neometals
Exploration Team has been reviewed by Mr Peters, who has consented to the
inclusion of the matters in this Quarterly Activities Report based on this
information in the form and context in which it appears.

 

About Neometals

Neometals facilitates sustainable critical material supply chains and reduces
the environmental burden of traditional mining in the global transition to a
circular economy.

 

The Company is commercialising a portfolio of sustainable processing solutions
that recycle and recover critical materials from high-value waste streams.

 

·      Neometals' core focus is its patented, Lithium-ion Battery
("LiB") Recycling technology (50% NMT), being commercialised in a 50:50
incorporated JV (Primobius GmbH) with 150-year-old German plant builder, SMS
group GmbH. Primobius is supplying Mercedes-Benz a 2,500tpa recycling plant
and operates its own LiB Disposal Service in Germany. Primobius' first
21,000tpa commercial plant will be offered to Stelco under an existing
technology licence for North America.

 

Neometals is also developing two advanced battery materials technologies for
commercialisation under low-risk, low-capex technology licensing business
models:

 

·      Lithium Chemicals (70% NMT) - Patented ELi™ electrolysis
process, co-owned 30% by Mineral Resources Ltd, to produce battery quality
lithium hydroxide from brine and/or hard-rock feedstocks at lowest quartile
operating costs. Pilot scale test work planned for completion in DecQ 2024;
and

 

·      Vanadium Recovery (100% NMT) - Patent pending hydrometallurgical
process to produce high-purity vanadium pentoxide from steelmaking by-product
("Slag") at lowest-quartile operating cost and carbon footprint.

 

For further information, visit: www.neometals.com.au
(https://www.neometals.com.au/) .

 

APPENDIX

Appendix 1: Global Resource

Table 1: Barrambie Mineral Resource Estimate, April 2018*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Appendix 2: Tenement Interests

As at 30 September 2024, the Company has an interest in the following projects
and tenements in Western Australia.

 Project Name          Licence Name  Beneficial Interest  Status
 Barrambie             M57/173-I     100%                 Live
 Barrambie             E57/769-I     100%                 Live
 Barrambie             E57/770-I     100%                 Live
 Barrambie             E57/1041-I    100%                 Live
 Barrambie             E57/1401      100%                 Pending
 Barrambie             E57/1437      100%                 Pending
 Barrambie             L57/0030      100%                 Live
 Barrambie             L57/0066      100%                 Pending
 Barrambie             L20/0055      100%                 Live
 Barrambie             L20/0080      100%                 Live
 Barrambie             L20/0081      100%                 Live
 Queen Victoria Rocks  E15/1416-I    100%                 Live

 

Changes in interests in mining tenements Interests in mining tenements
acquired or increased

 Project Name  Licence Name  Acquired or increased
 N/A           N/A           N/A

 

Interests in mining tenements relinquished, reduced, or lapsed

 Project Name  Licence Name  Relinquished, reduced, or lapsed
 Barrambie     E57/1220      Withdrawal
 Barrambie     E57/1244      Withdrawal
 Barrambie     E57/1245      Withdrawal
 Barrambie     E57/1379      Outright Surrender
 Barrambie     E20/1037      Withdrawal
 Barrambie     L57/0064      Withdrawal
 Barrambie     L57/0065      Withdrawal

 

 1  For full details refer to Neometals ASX announcement headlined
"Cooperation Agreement with Mercedes Benz" released on 13(th) May 2022

 2  For full details refer to Neometals ASX announcement headlined "Primobius
Commercial Update" released on 22nd December 2023

 3  For full details refer to Neometals ASX announcement headlined "Vanadium
Recovery Project Delivers Strong Feasibility Results" released on 8(th) March
2023

 4  For full details refer to Neometals ASX announcement headlined "Vanadium
Recovery Project Delivers Strong Feasibility Results" released on 8th March
2023.

 5  For full details refer to Neometals ASX announcement headlined "Finnish
Vanadium Project receives EU supported capital injection" released on 16
September 2024

 6  For full details refer to Neometals ASX announcement headlined "Finnish
Vanadium Project receives EU supported capital injection" released on 16
September 2024

 7  For full details refer to Neometals ASX announcement headlined "Barrambie
Gold Exploration Target" released on 23(rd) September 2024

 8  For full details refer to Neometals ASX announcement headlined "Neometals
Strategy Update" released on 22 August 2024

 

 9  For full details refer to Neometals ASX announcement headlined "US$3M
Placement" released on 19 August 2024

 10  For full details refer to Neometals ASX announcement headlined "Neometals
successfully closes A$4 million placement and announces entitlement offer"
released on 11 October 2024

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