Neometals completes valuable cobalt extraction test work in Canada
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11:00 21 Feb 2017
Neometals wants to extract cobalt from recycled devices such as laptops and phones.
Neometals completes valuable cobalt extraction test work in Canada
The recycling plant operation has a forecast NPV of US$84 million
Neometals (ASX:NMT) has completed a proof of scale study aimed at recycling batteries from consumer electronic devices such as laptops and mobile phones.

The test work was completed at facilities in Montreal, Canada, where the co‐developed, proprietary process aimed to recover cobalt from recycled lithium ion batteries.

The completed preliminary engineering cost study supports business case to accelerate commercialisation of the technology.

The estimated cash cost for processing is US$4.45 per pound of cobalt, which has a current spot price of US$20 per pound.

Neometals owns a 13.8% stake in the recently producing Mt Marion Lithium Project, which recently scheduled a second lithium concentrate shipment for mid‐March.

Chris Reed, managing director, commented: “With the Mt Marion Lithium Project successfully in production, Neometals’ can extend its strategic focus to opportunities in the higher margin, downstream opportunities in the lithium value chain where we can apply our knowledge and technology portfolio.”


Test work details

Neometals completed laboratory scale test work on 100 kilograms of spent lithium‐ion laptop and phone batteries containing an average of 19.8% cobalt.

The company engaged Sedgman to complete an engineering cost study on a small scale plant using the technology.

Results from the completed test work have indicated strong potential for a viable processing operation via a modular plant to initially recover saleable cobalt product from used lithium‐ion batteries.

Details include:

- Total capital cost: US$4.5 million;
- Life of plant: 10 years;
- Life of plant revenue: US$233 million;
- Average net operation cost: US$4.45 per pound cobalt or US$9,852 per tonne;
- Pre-tax cash flow: US$144 million;
- Pre-tax net present value: US$84 million; and
- Payback period: <1 year.


Analysis

The successful results from the test work and study gives Neometals leverage to a new commodity in cobalt, which is experiencing favourable supply-demand market dynamics.

The cobalt supply chain is under some stress due to the rapid increase in demand from battery manufacturing and a supply chain that is dominated by co‐production and high sovereign risk resource locations.

Currently less than 5% of used lithium‐ion batteries are recycled as disposal is typically either paid‐for recycling or landfill.

Immediate plans involve investing in a continuous operation, pilot‐scale hydrometallurgical plant at the company’s Montreal laboratory to accelerate the evaluation of the recovery of high‐purity cobalt and future recovery of lithium, nickel, copper and aluminium.

Subject to the success of the mini‐pilot/pilot scale test work, Neometals intends to proceed with a feasibility study.

The proposed work plan will be funded internally, with an expected date of completion in December 2017.

Neometals updates on Mt Marion as share buy-back continues


http://www.proactiveinvestors.com.au...es-179493.html

Buenas noticias

5 July 2017
Update ‐ Mt Marion Lithium Operations
Mineral Resources Limited (ASX: MIN) and Neometals Ltd (ASX: NMT) advise that pursuant to the terms of the Offtake Agreement with their partner, Ganfeng Lithium, effective from 1 July 2017 the price payable per dry metric tonne of 6% spodumene concentrate produced at Mt Marion and delivered CFR China (Incoterms 2010) increased from US$750 to US$841.


http://www.neometals.com.au/reports/771-1689025.pdf

Australian lithium miner Neometals plans U.S listing

http://www.businessinsider.com/r-aus...listing-2017-6

Neometals to advance integrated strategy as it holds on to Mt Marion equity
http://www.miningweekly.com/article/...10/rep_id:3650

Auge de autos eléctricos impulsa expansión de litio en Australia

Bloomberg 07/08/2017

“Es la expansión más significativa de la historia en abastecimiento de litio, y todavía no alcanzamos la demanda”, dijo Chris Reed, máximo responsable de Neometals Ltd., socio de Ganfeng y Mineral Resources en la explotación Mt. Marion. Reed tiene previsto hablar este miércoles en el cierre del foro de minería Diggers and Dealers de tres días en Kalgoorlie, Australia Occidental.

http://www.pulso.cl/empresas-mercado...salar-atacama/

Programa de recompra de acciones. Paciencia y más pastel para los accionistas


http://www.proactiveinvestors.co.uk/...es-182344.html

El año pasado tuvieron un cambio muy positivo y los ratios son muy buenos. Fíjate los retornos del capital tan altos, roe y roa. Tienen cash, poca deuda y per 3, deben de ir hacia arriba.Tienen fortaleza financiero y programa de Recompra de acciones propias.
Yo me mantengo
Aquí tienes un resumen.

http://quotes.morningstar.com/stockq...GWyte-C4acezyg