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A very good statement, with the current groundswell, right or wrong you have to play the cards as you see them.BlackRock’s more aggressive stance is part of a broader push led by chief executive Larry Fink to treat climate risk as investment risk.
Corporate Presentation - Barrambie Project April 16, 2021 |
Barrambie - MOU for Cornerstone Concentrate Offtake April 16, 2021 |
Funny that China is transitioning to Chloride Pigment solution, for environmental reasons, yet are moving forward with pig nickel from Indonesia which is environmentally crap. Go figure.Barrambie Titanium and Vanadium Project (Pilot-stage, 100% NMT, MOU for 50:50 Operating JV)
• For environmental and economic reasons China is transitioning to feedstocks suitable for Chloride Pigment production
• Preference for high grade feedstocks such as synthetic rutile, high quality ilmenites and high grade titanium slags
• As the best mineral sands deposits are being mined out it is getting harder to source high grade feedstocks
• Need to move to further exploitation of high grade VTM deposits
Conditional MOU signed for 50:50 operating JV with leading Ti-V Research Institute IMUMR
• IMUMR has Chinese national mandate to develop upstream supply chains for strategic industries. China is half of global titanium pigment production
• IMUMR (China Geological Survey) to complete Demonstration Plant
• Subject to positive Demonstration Plant trials, Neometals and IMUMR will jointly fund Class 2 Engineering Cost Study on developing mine and concentrator in Australia and downstream processing in China
• Consider FID and proceed to negotiate 50:50 operating JV
• JV will have right to mine Barrambie for commercial consideration payable to Neometals subsidiary holding mining lease e.g. Mineralogy – CITIC – Balmoral Project
Yeah, great to see little Aussie firms in the thick of technology and looking into the future. If everyone goes in the EV direction, then Li-ion battery recycling taking off will be a no brainer.Listing on London Stock Exchange in the 3rd quarter. 10% rise today.
I think it expects to tap into investors looking into sustainable energy companies - (Australia is still a bit backward on this + all its partners are foreign).
To summarise what this company is doing:
Neometals has four core projects with large partners that span the battery value chain:
• Lithium-ion Battery Recycling – a proprietary process for recovering cobalt and other valuable materials from spent and scrap lithium batteries. Pilot plant testing completed with plans well advanced to conduct demonstration scale trials with 50:50 JV partner SMS group, working towards a development decision in early 2022; (German).
• Vanadium Recovery – sole funding the evaluation of a potential 50:50 joint venture with Critical Metals Ltd to recover vanadium from processing byproducts (“Slag”) from leading Scandinavian Steel maker SSAB. Underpinned by a 10-year Slag supply agreement, a decision to develop sustainable European production of high-purity vanadium pentoxide is targeted for December 2022. (Sweden)
• Lithium Refinery Project –evaluating the development of India’s first lithium refinery to supply the battery cathode industry with potential 50:50 JVpartner Manikaran Power, underpinned by a binding life-of-mine annual offtake option for 57,000 tonnes per annum of Mt Marion 6% spodumene concentrate, working towards a development decision in 2022. (India)
• Barrambie Titanium and Vanadium Project - one of the world's highest-grade hard-rock titanium-vanadium deposits, working towards a development decision in early 2022. (China)
My pick for the month.
Latest announcement will create more interest.
Feel its in the right area at the right time.
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