About Noble Metals Limited
Noble Metals Limited is an Australian Stock Exchange (ASX) public listed company. ASX Stock Code : NMM. Noble Metals was previously called Condoto Platinum NL.
Noble Metals Limited through its recent acquisition of GPS Metals Group has become a fully integrated Precious Metals Company. It has the ability to mine or source Precious Metals from the Novita operations in the Choco Region of Colombia then smelter, refine and manufacture high value speciality goods through the GPS Metals Lab Smelter, Refinery and Manufacturing Facility located in Cali. The Cali Facility was commissioned in March 2016 and is steadily growing smelting, refining and manufacturing activities for third party customers.
At Novita in the Choco Department of Colombia, Noble Metals holds an exclusive agreement over 105,975 hectares with the Novita Higher Community Council (see company news release dated January 31, 2012 for details). The Choco Department is the leading producer of precious metals in Colombia. Small-scale operations in the municipality of Novita and the surrounding communities of Condoto, Tado and Sipi produced 15,317 ounces platinum and 278,702 ounces of gold in 2011. (www.upme.gov.co)
Along with Stillwater (USA), Choco is the world's only significant primary platinum-producing district outside of South Africa, Russia and Zimbabwe. Choco was the world's sixth-largest source of platinum in 2012 (United States Geological Survey, 2013)
Gold and platinum is largely produced in Choco by rudimentary methods. Noble Metals is installing the first modern production circuit in Novita district. The operation consists of simple Knelson concentrators and Gemini tables, aimed at the significantly increasing recoveries of precious metals.
The company has assembled a regional land package while establishing a fully functional and modern base camp in the township of Novita. The Condoto team will continue to engage with the Afro-Colombian communities in the region with the goal of building long-standing and mutually beneficial relationships for all stakeholder.
Noble Metals is headed by experienced exploration, production, finance and platinum professionals with a successful operating history in Colombia.