Neotech Metals Hires DRA Global for Hecla-Kilmer Resource Estimate and PEA
Neotech Metals Corp. (NTMC) has hired engineering group DRA Global to prepare a maiden mineral resource estimate and a preliminary economic assessment for its wholly owned Hecla-Kilmer rare earth project in Ontario. The work will integrate geological drilling data collected during 2024 and 2025 alongside recent metallurgical test results.
The appointment marks a key step in moving Hecla-Kilmer from initial discovery toward detailed technical and economic evaluation. The upcoming preliminary economic assessment will evaluate potential mining plans, capital expenditure requirements, and operating expenses, providing investors with an initial framework for project valuation. The study will also review an apatite-hosted processing route and potential coproduct credits from secondary elements such as niobium and phosphate.
Following the announcement, shares of Neotech Metals Corp. rose 9.52% to 0.23 CAD. Investors will look for the completion of the resource estimate and the subsequent preliminary economic assessment results as the next major project milestones.
Key points
- Neotech Metals Corp. engaged DRA Global to perform a maiden resource estimate and preliminary economic assessment for the Hecla-Kilmer project.
- The technical studies will incorporate drilling data from 2024 and 2025 as well as metallurgical inputs.
- Hecla-Kilmer is a 100% owned rare earth project located in Ontario using an apatite-hosted mineralization pathway.
- The preliminary economic assessment will outline prospective capital expenses, operating costs, mine plans, and potential coproduct credits like niobium.
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What did Neotech Metals announce regarding the Hecla-Kilmer project?
Neotech Metals hired engineering firm DRA Global to complete a maiden mineral resource estimate and preliminary economic assessment for its 100% owned Hecla-Kilmer rare earth project in Ontario.
What data will be used for the Hecla-Kilmer resource estimate?
The estimate and assessment will incorporate technical data from 2024 and 2025 drilling programs alongside metallurgical testing inputs.
What prospective coproducts are being considered at Hecla-Kilmer?
The evaluation is reviewing potential coproduct revenue streams from secondary minerals, including niobium and phosphate.