Neometals (ASX:NMT) is continuing gold exploration and development activities at its Barrambie gold project in Western Australia, focused on the Ironclad prospect, leveraging existing infrastructure with key workstreams across exploration, permitting, and strategic partnerships for mining and processing being progressed, according to a Thursday Australian bourse filing.
Its strategic priorities include targeting near-term development with offsite processing options to facilitate early revenue streams and positioning gold as a hedge against volatility risks in the battery metals markets, per the filing.
Its shares jumped 15% on market close on Thursday.
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