Neometals unveils significant gold potential at Barrambie Project

Neometals Ltd (ASX:NMT) has revealed the substantial gold potential at its 100% owned Barrambie Project in Western Australia. The company's maiden assessment, using historical data, has uncovered a camp-scale gold potential with significant structural corridors identified. Recent grab and rock chip sample assays have returned grades consistent with historical mined grades, indicating an implied 335,000 to 775,000 ounces of gold within Neometals' tenure.

Neometals Managing Director, Chris Reed, on the gold potential at Barrambie

Neometals Managing Director, Chris Reed, expressed excitement about the company's underestimation of the gold potential at Barrambie. He highlighted the rare opportunity to uncover a substantial gold camp and emphasized the company's commitment to exploring the most effective strategy and corporate structure to capitalize on this potential. Neometals will continue with its divestment strategy in relation to the titanium/vanadium resources.

Outlook for Neometals and Barrambie Project

The Barrambie Project has unveiled significant gold potential, with an implied 335,000 to 775,000 ounces of gold within Neometals' tenure. The company's focus on exploring the most effective strategy and corporate structure to capitalize on this potential indicates a positive outlook. Neometals' commitment to continuing its divestment strategy in relation to the titanium/vanadium resources reflects its dedication to maximizing the value of its assets.