Neometals Ltd. provided an update regarding the company's 100% owned Barrambie Project in Western Australia, with multiple development options currently being evaluated. Titanium and Vanadium market: Titanium and vanadium prices are currently trading at near 5 year highs due to the continued increase and sustained strong demand in energy storage and pigment markets. The pricing surge is attributed to largescale cuts in Chinese production capacity following shutdowns for environmental compliance, as well as strong interest in vanadium's use in energy storage applications. The largescale cuts in Chinese production has put Neometals in a strong position with the Barrambie Project, which is not only one of the worlds highestgrade hard rock titanium deposits, but also hosts significant levels of highgrade vanadium. Within the current Mineral Resources for the Barrambie Project (47.2 million tonnes at 22% TiO2 and 0.63% V2O5), is a highergrade vanadium resource in the Central Zone grading 0.91% V2O5. Previously reported beneficiation studies have shown this highergrade zone can be upgraded to concentrate grades of 1.4% V2O5 while current test work is showing titanium concentrate grades of +36% TiO2. The highgrade coproduct streams of titanium and vanadium gives Barrambie a clear competitive advantage and provides Neometals with significant optionality to project development. Beneficiation and Pilot Hydrometallurgical Testwork: During the December Quarter, the Company prepared a bulk sample of concentrate for shipment to and testing at the Company's pilot plant facility in Montreal, Canada. Beneficiation test work was completed at Nagrom Mineral Processors in Kelmscott, Western Australia and produced approximately 2.7 tonnes of magnetic concentrate for pilot plant testing averaging 36.1% TiO2 and 0.73% V2O5. Pilot test work is scheduled for the December Quarter 2018.