Neometals Ltd (ASX:NMT) has achieved a milestone, following its wholly-owned subsidiary, Alphamet Management Pty Ltd, entering into the first sub-license agreement for the application of the Neomet Process.
The patented, environmentally friendly process technology has broad applications in the recovery of a wide range of metal oxides from chloride leach solutions.
Subject to satisfactory pilot testing, the agreement will see the Neomet Process technology used at a steel mill in the Republic of Serbia to recover zinc, copper, iron, silver and lead from a new modular EAF Dust Processing plant.
The company sees this agreement as a solid step forward in its strategy to develop and hold a portfolio of royalty interests from sub‐licencing the technology in addition to deploying the process on its Barrambie Titanium Project.
Neometals has a strategic alliance with the Australian Engineers, Sedgman Limited, to provide the platform for the commercialisation of the technology, at no cost to Neometals.