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NRG Metals Inc.
Summary
| Project: | Hombre Muerto North | |
|---|---|---|
| Deposit: | Hombre Muerto North | |
| Location: | Argentina | |
| Commodities: | Lithium | |
| Date: | 4/29/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-4-2019: NRG Metals Inc. announces a PEA report for its Hombre Muerto North deposit at the Hombre Muerto North project. PEA results incl. post-tax NPV (8%) of $217M, IRR of 28.0%. April 29, 2019 / Vancouver, BC / NRG Metals Inc. (“NRG” or the “Company”) | |
| Resources: | (Resource, M+I): 141798m3 brine @ 756mg/l Li contained at Hombre Muerto North | |
| CP/QP: | [Overall Report]: Richard Goodwin (JDS Energy & Mining Inc.) | |
| ABSTRACT: | April 29, 2019 / Vancouver, BC / NRG Metals Inc. (“NRG” or the “Company”) (TSX-V: NGZ) (OTCQB: NRGMD) (Frankfurt: OGPN) is pleased to announce positive results from an independent Preliminary Economic Assessment (PEA) for its Hombre Muerto North Lithium Project near Salta, Argentina. The PEA was prepared by Knight Piesold Consulting (KP) and JDS Energy and Mining (JDS), both of Vancouver, in accordance with the standards set out in National Instrument 43-101 Standards of disclosure for Mineral Projects (NI 43-101), and, CIM’s Best Practice Guidelines for Mineral Processing (BPGMP). The PEA is preliminary in nature, and there is no certainty that the PEA will be realized. Company President and C.E.O. Adrian F.C. Hobkirk is quoted: “We are very pleased that NRG has advanced the HMN Project from discovery to PEA in just under twelve months. The PEA results highlight attractive economics associated with the project, including a smaller environmental footprint and manageable CAPEX. We look forward to taking the HMN Lithium Project to the next stage of development as quickly as possible." | |
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