For thousands of other reports visit RSC's Mineral Intellingence Map
Neo Lithium Corp.
Summary
| Project: | 3Q | |
|---|---|---|
| Deposit: | 3Q | |
| Location: | Argentina | |
| Commodities: | Lithium | |
| Date: | 3/21/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-3-2019: Neo Lithium Corp. announces a Pre-Feasibility Study report for its 3Q deposit at the 3Q project. PFS results incl. post-tax NPV (8%) of $1.14B, IRR of 50%. TORONTO, March 21, 2019 (GLOBE NEWSWIRE) -- Neo Lithium Corp. (“Neo Lithium” or the “Com | |
| Resources: | (Reserve, P+P): 1.3Mt of LCE with 790 mg/l Lithium | |
| CP/QP: | [Overall Report]: Waldo Perez, Gino Zandonai, Mark King (Internal;GHD Chile SA;Groudnwater Insight Inc.) | |
| ABSTRACT: | TORONTO, March 21, 2019 (GLOBE NEWSWIRE) -- Neo Lithium Corp. (“Neo Lithium” or the “Company”) (TSXV: NLC; OTCQX: NTTHF; FSE: NE2) is pleased to announce positive results of a prefeasibility study (“PFS”) prepared in accordance with National Instrument 43-101 (“NI 43-101”) for its wholly-owned Tres Quebradas lithium brine project ("3Q Project") in Catamarca Province, Argentina. The technical report summarizing the PFS is being prepared by GHD Chile SA ("GHD") and Groundwater Insight Inc., in accordance with NI 43-101 (the “Technical Report”). GHD is a leading independent engineering services firm with extensive experience in projects developments with some of the largest and lowest cost lithium brine processing facilities in Chile and Argentina. Groundwater Insight Inc. is a technical consultancy with lithium brine experience on more than 18 salars in exploration or production stages.The reserve estimation in the Technical Report was done by groundwater numerical model experts IHLLA Research Group under the supervision of Groundwater Insight Inc. (“Groundwater Insight”). Golder SA and G&T Ingenieria SA also collaborated in the study. Waldo Perez, President and CEO of Neo Lithium, commented, "With the discovery of a high-grade core, we optimised the 3Q Project development plan with respect to our Preliminary Economic Assessment. The new capex and opex, together with a long life of mine and high-grade brine, allow us to present a superior IRR of 50%. Furthermore, we currently continue drilling the high grade core and we are now able to validate that the 3Q Project still has further significant high-grade resource upside potential.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report