1st Dec 2023 14:28
Neometals Ltd - London-based sustainable battery materials produce - Starts tender process with a number of short-listed South Africa based drilling contractors for a major resource expansion and resource upgrade drill programme to be completed at its advanced Henkries uranium mine in Northern Cape province, South Africa. Says drill programme will comprise of approximately 6,500 metres of aircore drilling and 350 drill holes with an average drill hole depths of between 15 metres to 20 metres.
Chief Executive Officer Sean Heathcote says: "We are confident that we are able to increase our JORC Code 2012 compliant mineral resources to over 10 [million pounds] of contained uranium through this drilling program. This will underpin and further strengthen the attractiveness of the project and its underlying project economics.
"We look forward to appointing the drilling contractor shortly and providing further updates on their progress at Henkries in early 2024."
Current stock price: 10.40 pence, up 1.5%
12-month change: down 80%
By Sabrina Penty, Alliance News reporter
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