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The latest announcement is out from Neometals Ltd ( (AU:NMT) ).
Neometals Ltd has announced significant progress in its Barrambie Gold Project, with promising results from its maiden diamond drill program and historical assays, and has lodged a mining lease application for the Ironclad deposit. The company is also advancing its downstream processing technologies, including lithium chemicals and vanadium recovery, and has completed the sale of its lithium-ion battery recycling interests, maintaining a strong cash position with no debt.
More about Neometals Ltd
Neometals Ltd is a company operating in the mining and materials sector, focusing on the exploration and development of mineral resources. The company is involved in upstream exploration, particularly in gold projects, and downstream processing technologies, including lithium chemicals and vanadium recovery. Neometals is also engaged in lithium-ion battery recycling, showcasing a diverse portfolio aimed at sustainable resource management.
YTD Price Performance: -17.33%
Average Trading Volume: 1,349,611
Technical Sentiment Signal: Sell
Current Market Cap: A$47.77M
For a thorough assessment of NMT stock, go to TipRanks’ Stock Analysis page.