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Western Australia leads rise in exploration spending

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Western Australia leads rise in exploration spending

Mineral exploration is trending up, with 3.6 per cent growth to $561.4 million in the September quarter, according to the Australian Bureau of Statistics (ABS).

This represented the industry’s highest level of spending in five years. Spending was also up 25.7 per cent year on year.

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Neometals revives interest in Barrambie vanadium project

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Neometals revives interest in Barrambie vanadium project

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.