Australian-based Neometals Ltd. today announced completion of Pre-Feasibility Study Update for production of Direct Shipped Ore (DSO) and Mixed Gravity Concentrate (MGC) from its 100%-owned Barrambie Titanium Project, as well as the corresponding ore reserve update.
Mining commences in both the north and south of the pit shell and ramps up to 11.5 Mtpa for the majority of the 13-year mine life. Probable Ore Reserves are updated to 27.6 million tons at 22.3% TiO2, 43.7% Fe2O3 and 0.57% V2O5. Average MGC production is expected to reach 1,138,000t per annum over the mine life.
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