Business
Change of Registered Office Address
Neo Energy Metals plc has announced a change to its registered office address to 167-169 Great Portland Street, London, W1W 5PF, effective immediately. The company, focused on uranium and gold development in South Africa, holds combined resources of 31.5 million pounds of uranium and 1.2 million ounces of gold across its New Beisa and Henkries projects. The New Beisa Node, acquired from Sibanye-Stillwater, boasts over $500 million in historical investment and existing infrastructure, with measured and indicated resources of 26.8Mlb uranium and 1.2Moz gold, targeting initial annual production of 810,000lbs uranium and 52,000 ounces of gold. The Henkries project has JORC compliant resources of 4.7Mlb uranium and a 2024 feasibility study indicates annual production of 580,000lbs uranium at a cash cost of approximately $33/lb, with an NPV of $60 million and an IRR exceeding 25% at $85/lb, requiring initial capital of approximately $65 million. Disclaimer*
About this update from Neo Energy Metals Plc
Neo Energy Metals plc "Neo Energy" or "the Company" Change of Registered Office Address Neo Energy Metals plc (LSE: NEO; A2X: NEO), the uranium and gold development company focused on South Africa, announces that its registered office address has changed with immediate effect to: 167-169 Great Portland Street London W1W 5PF ENDS About Neo Energy Metals plc Neo Energy Metals plc is a uranium and gold company listed on the London Stock Exchange Main Market (LSE: NEO) and the A2X Markets (A2X: NEO), with a JSE Main Board listing targeted for 2026. The Company has secured two uranium projects in South Africa with a combined JORC- and SAMREC-compliant resource of 31.5 million pounds ("Mlb") of uranium and 1.2 million ounces ("Moz") of gold. New Beisa Node - Free State Goldfields The New Beisa Uranium/Gold Project, to be known as the New Beisa Node, is a brownfields uranium and gold development located on the Beatrix 4 shaft property near Virginia in the Free State Goldfields, one of the highest-grade uranium-bearing regions in the world. The project is being acquired from Sibanye-Stillwater, which operated the Beatrix 4 shaft complex until 2022 and will have a significant shareholding in Neo Energy. The asset carries more than US$500 million in historical capital investment and benefits from existing surface infrastructure including a headgear and winding systems, a gold processing plant with 120,000 tonne-per-month milling capacity, primary ventilation, a tailings storage facility and all major utilities. Underground development is in place, with the Beisa Reef accessible from the existing shaft at depths of 300 to 1,000 metres. Measured and Indicated resources stand at 26.8Mlb of uranium at 1,100ppm and 1.2Moz of gold at 3.27 g/t (SAMREC Code, 2016). Initial annual production is targeted at approximately 810,000lbs uranium and 52,000 ounces of gold, at an all-in sustaining cost below US$30 per pound uranium equivalent after gold credits, with an estimated mine life of 17 years on current Measured and Indicated resources. The Beatrix Mining Right is being transferred to Neo Energy under Section 11 of the Mineral Resources and Petroleum Development Act; ministerial consent is required on or before 6 December 2026 with first production targeted for December 2027. Henkries Node - Northern Cape The Henkries Uranium Project, to be ...
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