Neometals Ltd expands lithium offtake arrangement ahead of production
Neometals Ltd (ASX:NMT) has increased its offtake arrangements at the Mt Marion Lithium Project near Kalgoorlie, Western Australia.
Neometals is a near-term lithium oxide mineral producer through its 26.9% interest in the Mt Marion project.
Initial offtake partner Ganfeng has agreed to further expand the scope of the offtake arrangements for lithium spodumene concentrate grading 4-6% Li2O from 80,000 tonnes per annum to 200,000 tonnes per annum of spodumene concentrate.
This is in addition to the existing Offtake Agreement for 200,000 tonnes per annum of +6% Li2O.
The expanded offtake arrangement is conditional to the completion of a detailed metallurgical test program, which is currently in process.
The project is on schedule to achieve first production during 2016.
Weiter....................
www.proactiveinvestors.com.au/companies/...oduction-68976.html
Neometals Ltd (ASX:NMT) has increased its offtake arrangements at the Mt Marion Lithium Project near Kalgoorlie, Western Australia.
Neometals is a near-term lithium oxide mineral producer through its 26.9% interest in the Mt Marion project.
Initial offtake partner Ganfeng has agreed to further expand the scope of the offtake arrangements for lithium spodumene concentrate grading 4-6% Li2O from 80,000 tonnes per annum to 200,000 tonnes per annum of spodumene concentrate.
This is in addition to the existing Offtake Agreement for 200,000 tonnes per annum of +6% Li2O.
The expanded offtake arrangement is conditional to the completion of a detailed metallurgical test program, which is currently in process.
The project is on schedule to achieve first production during 2016.
Weiter....................
www.proactiveinvestors.com.au/companies/...oduction-68976.html
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