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Neometals Ltd ( (AU:NMT) ) has provided an announcement.
Neometals has announced a maiden Exploration Target for potash and lithium at its 51%-owned Utah Brine Project in the Paradox Basin, outlining a potential 94 to 325 million tonnes of muriate of potash and 1.9 to 6.5 million tonnes of lithium carbonate equivalent. The company plans further work, including re-entering existing wells, drilling new exploration wells and conducting direct lithium extraction testing from 2026, to potentially convert this conceptual target into a formal Mineral Resource and strengthen its strategic foothold in U.S. critical minerals supply chains.
More about Neometals Ltd
Neometals Ltd is an Australian-listed company focused on lithium and battery materials, leveraging its technical expertise to develop and invest in critical minerals projects. The company targets high-quality assets in Tier-1 jurisdictions, seeking strategic positions in emerging lithium and potash brine opportunities such as the Paradox Basin in the United States.
Average Trading Volume: 818,301
Technical Sentiment Signal: Sell
Current Market Cap: A$34.33M
Find detailed analytics on NMT stock on TipRanks’ Stock Analysis page.