Date:Jul 26, 2018
The Barrambie Titanium and Vanadium Project is being developed by Australian Titanium Pty Ltd, a wholly owned subsidiary of Neometals Ltd. Neometals Ltd is a public company listed on the ASX and based in Perth, Western Australia.
The Barrambie orebody is located inland from the deep water port of Geraldton and hosts one of the world’s highest grade hard rock titanium deposits and one of the world’s largest vanadium resources. Current resource estimates are as follows:
?Total Indicated and Inferred Mineral Resource estimated to be 280.1 million tonnes at 9.18% TiO2 and 0.44% V2O5 to 80m vertical depth
?Contained Titanium Dioxide (TiO2) in Total Mineral Resource estimate exceeds 25 million tonnes
?Contained Vanadium Pentoxide (V2O5) in Total Mineral Resource estimate exceeds 1.2 million tonnes
?High Grade Titanium subset of Total Mineral Resource estimate of 53.6 million tonnes at 21.17% TiO2 and 0.63% V2O5
?High Grade Vanadium subset of Total Mineral Resource estimate of 64.9 million tonnes at 0.82% V2O5 and 16.90% TiO2
The Barrambie deposit is part of a very large vanadiferous titanomagnetite (VTM) mineral complex over which Australian Titanium holds mining and exploration rights. Exploration drilling to date has identified an orebody that is open at depth and extends along strike for about 11km. Further exploratory drilling is planned and another 470 Mt to 700 Mt of resource grading 6% to 10% TiO2 and 0.3% to 0.5% V2O5 is targeted.
