Neometals Confirms Primary Copper Sulphides at Barrambie’s Rinaldi Prospect

The latest update is out from Neometals Ltd ( (AU:NMT) ).

Neometals has completed a first-pass reverse circulation drilling program at the historic Rinaldi copper prospect within its Barrambie Project, drilling five holes for 495 metres and receiving initial assays from 50 of 526 samples. The company has confirmed primary copper sulphide mineralisation, including bornite and chalcopyrite, beneath the old Rinaldi pit at about 70 metres depth, with early significant intercepts such as 7 metres at 1.72% copper and 5 metres at 1.26% copper, suggesting the presence of a broader mineralised system.

Only a subset of geologically targeted samples has been assayed so far, and routine analysis for copper, gold and silver on the remaining samples is ongoing, with results to follow. On the back of this confirmation of primary sulphides, Neometals plans a dipole-dipole induced polarisation survey starting in April 2026 to assess the scale and geometry of the copper sulphide system and to prioritise follow-up drilling, potentially enhancing the project’s copper credentials alongside its gold focus.

The most recent analyst rating on (AU:NMT) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Neometals Ltd stock, see the AU:NMT Stock Forecast page.

More about Neometals Ltd

Neometals Ltd is an Australian resources company listed on the ASX and OTCQX that is advancing the 100%-owned Barrambie Gold Project in Western Australia. While historically focused on gold at Barrambie, the company is now exploring additional base-metal potential, including copper sulphide mineralisation at prospects such as the historic Rinaldi copper workings.

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Technical Sentiment Signal: Strong Sell

Current Market Cap: A$44.69M

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