Summary

Mine Type	Open Pit
Study Completed	Prefeasibility
Stage	Permitting
Commodities	Titanium
Mining Method	Truck & Shovel / Loader
Mine Life	...
Snapshot	The Barrambie project is one of the largest vanadiferous titanomagnetite mineral resources globally, containing the world’s second highest-grade hard rock titanium mineral resource. The 2023 Pre-Feasibility Study Update assumes production for the first 12 months of Direct Shipped Ore followed by Mixed Gravity Concentrate from Barrambie. The mineral resource is secured under a granted mining lease and has a granted mining proposal to extract approximately 1.2 Mtpa of mineralisation. During 2024, Neometals Ltd’s Board approved the divestment of the 100% owned Barrambie Titanium/Vanadium Project, which is currently undergoing a divestment process.

Deposit type

• Magmatic

Summary:

The ferrovanadium titanium (Ti-V-Fe) deposit occurs within the Archaean Barrambie Greenstone Belt, which is a narrow, north-northwest to south-southeast trending greenstone belt in the northern Yilgarn Craton. The linear greenstone belt is about 60 km long and attains a maximum width of about 4 km. It is flanked by banded gneiss and granitoids. The mineralisation is hosted within a large layered, mafic intrusive complex (the Barrambie Igneous Complex), which has intruded into and is conformable with the general trend of the enclosing Greenstone Belt From aeromagnetic data and regional geological mapping, it appears that this layered sill complex extends over a distance of at least 25 km into tenements to the north and south of M57/173 that have been acquired by Reed. The layered sill varies in width from 500 m to 1,700 m.

The sill is comprised of anorthositic magnetite-bearing gabbros that intrude a sequence of metasediments, banded iron formation, metabasalts and metamorphosed felsic volcanics of the Barrambie Greenstone Belt. The metasediment unit forms the hanging-wall to the layered sill complex.

Exposure is poor due to deep weathering, masking by laterite, widespread cover of transported regolith (wind-blown and water- borne sandy and silty clay), laterite scree and colluvium. Where remnant laterite profiles occur on low hills, there is ferricrete capping over a strongly weathered material that extends down to depths of 70 m.

Ti-V-Fe mineralisation occurs as bands of cumulate aggregations of vanadiferous magnetite (martite)-ilmenite (leucoxene) in massive and disseminated layers and lenses.

Within the tenement the layered deposit has been divided into five sections established at major fault offsets. Cross faults have displacements that range from a few metres to 400 m. The water table occurs at about 35 m below the surface (when measured where the laterite profile has been stripped).

Dimensions
The deposit covers an area of approximately 11 km north-south by approximately 250 m east-west and extends to a depth approximately 80 m below surface. The deposit remains open at depth and along strike.

Mining Methods

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Comminution

Crushers and Mills

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Processing

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Commodity Production

Operational metrics

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Personnel

Job Title	Name	Profile	Ref. Date
.......................	.......................		Mar 12, 2025
.......................	.......................		Mar 12, 2025
.......................	.......................		Mar 12, 2025