Vanadium

Neometals reports successful pilot trial for vanadium recovery project

Neometals Ltd (ASX: NMT) has announced that it has successfully completed a continuous pilot trial for its Vanadium Recovery Project, resulting in “exceptional product purities and recoveries”. The Pilot was constructed, commissioned and operated continuously through three trials without any safety or process issues.

Over the 24 day trial, approximately 14 tonnes of vanadium-bearing steel by-product from three Scandinavian steel mills was processed using Neometals’ patent pending technology, with results showing excellent purity of vanadium-bearing chemical product and strong recoveries.

The pilot confirmed the validity of earlier mini-pilot plant results at a 25x higher throughput rate, and resulted in a significant increase in vanadium levels which the company believes could lead to substantial capital and operating cost savings during product recovery.

Neometals has said that the successful outcome has provided the company with the confidence and data to undertake a feasibility study, while also generating additional product samples to be used for commercial evaluation. These samples are already being distributed to prospective offtake clients in Europe and Japan for testing in high-tech applications.

3-5kg bags of AMV product produced during the pilot plant trial
3-5kg bags of AMV product produced during the pilot plant trial

Partnership with Critical Metals Ltd

Neometals had previously entered into a partnership agreement with Critical Metals Ltd in order to jointly examine the feasibility and construction of a facility to extract high-grade vanadium products out of slag sources from Scandinavian steel producer SSAB.

Neometals is responsible for financing and managing the evaluation activities, and pending positive outcomes will receive a 50% share in an incorporated joint venture.

“The Pilot has significantly de-risked the project enabling the acceleration of commercial offtake discussions”

Management comments

Neometals Managing Director Chris Reed said: “We are very pleased to confirm, at scale, the exceptional product purities and recoveries from our proprietary, carbon sequestering, vanadium recovery process. Data from the Pilot will now feed into our Feasibility Study to confirm potential lowest- quartile operating costs and leading capital cost estimates from the earlier PFS. The Pilot has significantly de-risked the project enabling the acceleration of commercial offtake discussions, reagent sourcing and approvals processes for the development of the project at the Port of Pori, Finland.”

Images: Neometals Ltd
Written By Tristan Gray
Originally from Canada, Tris trained as a journalist but early in her career moved into marketing and advertising. Tris now spends her days managing the mining.com.au systems and processes while overseeing all company operations.