Neometals agreed a 30-day extension to the exclusivity period under a non-binding letter of intent with BML Ventures for the proposed development of the Ironclad Deposit at the Barrambie Gold Project. The extension is intended to allow BML Ventures to complete commercial and technical due diligence while Neometals completes an internal scoping study. The parties are drafting definitive joint venture documentation consistent with the letter of intent and expect to execute it before the end of the extension period.

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