ASX announcement re Ganfeng MOU mark-ups to C Reed draft 15 July 2015


31 August 2015 Mt Marion Lithium Project Offtake and Equity Investment Extension of Memorandum of Understanding

Neometals Ltd (ASX: NMT) ("Neometals") refers to the joint announcement by Neometals and Mineral Resources Limited (ASX: MIN) ("MIN" - via its wholly owned subsidiary Process Minerals International Pty Ltd) on 16 July 2015 regarding the binding Memorandum of Understanding ("MOU") entered into by its jointly owned subsidiary Reed Industrial Minerals Pty Ltd with Jiangxi Ganfeng Lithium Co., Ltd ("Ganfeng").
The parties are continuing to progress the formal agreements to document and give full effect to the terms agreed in the MOU and have agreed to extend the date for the execution of the agreements to 15 September 2015.
Following execution of the formal agreements and receipt of FIRB approval, Ganfeng will seek approval of the transaction from its shareholders and the Jiangxi Provincial Government.

ENDS

For further information, please contact:

Chris Reed

Managing Director
Neometals Ltd
T: +61 8 9322 1182
E: info@neometals.com.au

Bruce Goulds

CFO/Company Secretary
Mineral Resources Limited
T: +61 8 9329 3600
E: bruce.goulds@mineralresources.com.au

Media

Richard Glass / Michael Weir
Citadel-MAGNUS
T: +61 8 6160 4900

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