Nevado Resources and Neomet Sign Metal Extraction Agreement

20 April 2011 (Last Updated April 20th, 2011 18:30)

Nevado Resources has signed an agreement with Neomet Technologies to apply the patented Neomet process to extract all valuable metals from its La Blache iron-titanium-vanadium project near Baie-Comeau, Quebec in Canada. Neomet has conducted preliminary metallurgical testing on the Nevado

Nevado Resources has signed an agreement with Neomet Technologies to apply the patented Neomet process to extract all valuable metals from its La Blache iron-titanium-vanadium project near Baie-Comeau, Quebec in Canada.

Neomet has conducted preliminary metallurgical testing on the Nevado's oxides and has indicated 90% recovery of iron and 95% recovery of vanadium from the oxide mineralisation into a final high purity product.

Neomet has also demonstrated that 100% titanium can be recovered from leach solution into a TiO2 (titanium dioxide) product suitable for further processing to pigment grade TiO2.

The Neomet process produces higher grade hematite of greater than 99% purity (Fe2O3), which is a premium product suitable for the pigment market or for processing into higher quality steels.