Neometals Enters into an Option Agreement with the City of Kalgoorlie-Boulde

Neometals Ltd announced it has entered into an option agreement with the City of Kalgoorlie-Boulder to sub-lease a 40 hectare site in a new industrial estate at West Kalgoorlie on the Great Eastern Highway, 70km by road from the Neometals part-owned Mt Marion Lithium Operations.

The agreement provides Neometals with a two-year option over the site (with provision for an additional two-year extension), during which time it will undertake due diligence and Front End EngineeringDesign studies as part of a broader project feasibility study for the refinery which is underway.

Further, Neometals and the CKB have executed a Memorandum of Understanding  providing for assistance in procurement of certain infrastructure and utilities for the proposed Kalgoorlie Lithium Refinery.

The KLR will have an initial 10,000tpa lithium hydroxide production capacity. Lithium concentrate feed will come from the Company’s offtake option right from the Mt Marion Lithium Operations, in which it has a 13.8% project ownership stake. Outstanding vendor lithium hydroxide test results (see NMT ASX Announcement 10th April 2018) provided Neometalswith additional confidence to proceed with a FEED study for the KLR (see NMT ASX Announcement 1 May 2018) which will be integrated into the Company’s Feasibility Study for the KLR. Neometals plans to make a final investment decision on KLR plant construction in the June quarter of 2019.


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