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Neometals Ltd ( (AU:NMT) ) has provided an announcement.
Neometals Ltd has completed a program of RC drilling at its 100% owned Barrambie Gold Project in Western Australia, with early gold assay results indicating high-grade potential. The company has drilled 82 holes covering 8,457 meters, with initial assays from 75 samples showing promising gold grades. While these results support the potential for narrow-vein, high-grade gold along the Barrambie Ranges, Neometals is primarily focused on advancing the Ironclad deposit towards commercial production. The ongoing exploration aims to inform further exploration of the broader mineralized trends, with additional results expected in early 2026.
More about Neometals Ltd
Neometals Ltd is a company operating in the mining industry, focusing on the exploration and development of mineral resources. It is known for its Barrambie Project in Western Australia, which hosts one of the world’s highest-grade titanium deposits and is also highly prospective for gold mineralization. The company has recently resumed gold exploration after more than two decades, aiming to advance and grow existing and new targets within its extensive tenure.
Average Trading Volume: 981,850
Technical Sentiment Signal: Sell
Current Market Cap: A$41.61M
Find detailed analytics on NMT stock on TipRanks’ Stock Analysis page.