Neometals plans to post an updated Barrambie definitive feasibility study (DFS) next year, a decade after it was first released.

The developer has applied for an extension for the native title agreement and ministerial approval that were secured in 2012 to develop an open-cut mine and processing plant.

The Barrambie vanadium-titanium-magnetite project restart has been motivated by a robust market outlook and record high vanadium prices of $US130 ($178) per kilogram.