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Neo Lithium Corp.
Summary
| Project: | Tres Quebradas | |
|---|---|---|
| Deposit: | Tres Quebradas | |
| Location: | Argentina | |
| Commodities: | Lithium-Potassium | |
| Date: | 10/30/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-10-2017: Neo Lithium Corp. announces a PEA report for its Tres Quebradas deposit at the Tres Quebradas project. PEA results incl. post-tax NPV (8%) of US$1.13B, IRR of 24.4%, 20yr LOM. Toronto, Ontario – October 30, 2017 - Neo Lithium Corp. (“Neo Lithi | |
| Resources: | (refer to full report) | |
| CP/QP: | [Overall Report]: Randy Pitts (Independent) | |
| ABSTRACT: | Toronto, Ontario – October 30, 2017 - Neo Lithium Corp. (“Neo Lithium” or the “Company”) (TSXV: NLC; OTCQX: NTTHF) announces the results of its preliminary economic assessment (“PEA”) for the production of lithium carbonate from its wholly owned Tres Quebradas lithium brine project (“3Q Project”) in Catamarca Province, Argentina. By-products (such as potash, calcium chloride and boric acid) are not included in the PEA, and could potentially add incremental value to the 3Q Project. All figures are quoted in U.S. dollars. Currency exchange based on current rate. The PEA was prepared by GHD Chile SA (“GHD”), a leading full-service independent engineering services firm with a solid track record in servicing and analysing the design and construction requirements for some of the largest and lowest cost lithium-potash brine processing facilities in Chile and Argentina. “We are very pleased to have advanced this project from discovery to PEA in less than two years,” stated Waldo Perez, President and CEO of Neo Lithium. “We will continue to rapidly advance our wholly owned 3Q Project with a view to a full feasibility study towards the end of 2018 along with project finance, and mine construction soon thereafter.” | |
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