Neometals Ltd. provided an update on its Barrambie Titanium and Vanadium Project (Barrambie) and confirm the successful recovery of high purity (+99%) titanium chemicals (hydrated titanium dioxide - TiO2.2H2O) from the hydrometallurgical processing stage of its preferred process flowsheet. Titanium hydrolysate is an intermediate in the production of titanium pigment, which has a global market of around 7 million tonnes per annum. Neometals is currently testing its use as a feedstock to make titanium metal powder and has previously produced an emerging lithium battery anode material, lithium titanate. Neometals is firmly focused on recovering value from both the titanium and vanadium content of its resource. This is best achieved by an all hydrometallurgical flowsheet focused on the recovery of a pure titanium hydrolysate (hydrated titanium dioxide - TiO2.2H2O) as well as a vanadium pentoxide by-product. This result confirms the technical feasibility of the Neometals hydrometallurgical flowsheet to produce a high purity titanium chemical at good recoveries, a key driver of project economics, that exceed Neometals expectations. The Company remains on schedule to complete of the titanium stage of the pilot in December 2019 with IMUMR scheduled to be in Perth second week of December to observe the running of the staged pilot plant. Staged pilot work on this flowsheet commenced at Neometals' laboratory facilities in Montreal and is continuing at Strategic Metallurgy's facilities in Perth. Approximately 800kg of Barrambie Eastern band mineral concentrates were leached in hydrochloric acid to produce: Bulk pregnant leach solution (2,200L) at a vanadium recovery of 70% for future piloting for the production of vanadium chemicals. SGS Lakefield in Canada has completed bench scale vanadium solvent extraction process development work and produced vanadyl sulphate, a precursor for vanadium flow battery electrolyte. Strategic Metallurgy is currently testing at bench scale the production of pure vanadium pentoxide, which has the largest target market. The outcomes from this work will guide the design and operation of a pilot plant to produce vanadium chemicals. Bulk leach residue (500kg) at a titanium recovery of 99%. The leach residue was transported from Montreal to Strategic Metallurgy in Perth. Initial bench-scale leaching and precipitation work has produced high purity (>98% pure TiO2) titanium hydrolysate (low-iron 1% Fe2O3), a high value feedstock for titanium pigment and metal producers. A small pilot-scale facility is currently under construction at Strategic Metallurgy. This will be used to process the leach residue for the recovery of titanium hydrolysate for product development and evaluation purposes. IMUMR will be visiting Perth in December to observe the running of the plant and to workshop outcomes from their review of potential sites for downstream processing in China. Under the MOU with IMUMR, subject to favorable staged pilot study results and subject to a decision to proceed with a Chinese demonstration plant, Australian prepared mineral concentrate will be sent to China in the first quarter of 2020 for processing through the demonstration plant. These concentrates are being prepared via an improved beneficiation flowsheet developed as a result of extensive bench-scale optimization test-work on Eastern Band material. Pursuant to the MOU, IMUMR will fund the demonstration plant program at its extensive research facilities in China for the parties to consider jointly funding a Class 3 Engineering Cost Study to evaluate a mining and concentrating operation at Barrambie with subsequent downstream processing in China. Following completion of the ECS, the parties will review the results to determine whether to proceed to a financial investment decision and negotiate in good faith the terms of the 50:50 production JV.