EXPLORATION & DEVELOPMENT

Good PFS metrics for Neometals' Barrambie

NEOMETALS is closing in on the potential development of the long-held Barrambie titanium project after a pre-feasibility assessment outlined initial capex of about $80 million for a one year direct shipping ore venture followed by further expenditure of circa $140 million for a 12-year mixed gravity concentrate operation with a pre-tax net present value of $375 million and internal rate of return of 45%.