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 historic mined grades, indicating an implied 335,000 to 775,000 ounces of gold within Neometals' tenure.

Executive Commentary on Gold Exploration Potential

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.

Summary of Barrambie Gold Exploration Target

Neometals' Barrambie Project has unveiled a significant gold exploration target, with an implied 335,000 to 775,000 ounces of gold within the company's tenure. The company's focus on vanadiferous titanomagnetite exploration has resulted in the lack of systematic, modern gold exploration along the Barrambie Greenstone Belt. The potential quantity and grade of the Exploration Target is conceptual in nature, and further exploration will be required to estimate a Mineral Resource. Neometals plans to focus on verification and extension of historic data, including twin-hole drilling, extension of surface geochemistry sampling, and analysis for gold and pathfinder elements associated with large scale, orogenic gold mineralisation.