| Announcement Date: | 2021-11-25 |
|---|---|
| Announcement Type: | Feasibility Study |
| Announcement Code: | NI43-101 |
| Company name: | Neo Lithium Corp. |
| Project name: | 3Q |
| Location: | Argentina |
| Commodities: | Lithium |
| Highlight: | Feasibility Study results incl. NPV (8%) of US$1,129M & IRR of 39.5% |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | The following Technical Report was prepared by Groundwater Insight Inc. (“GWI”) and Worley (“WOR”) at the request of Neo Lithium Corporation (“NLC”). The Report documents a Feasibility Study (“FS”) for the Tres Quebradas (“3Q”) Project, in Catamarca Province, Argentina, and it complies with the requirements of National Instrument (“NI”) 43-101. It builds upon previous Resource and Reserve Estimates and a Preliminary Feasibility Study for the Project (King, 2017; King, 2018; King and Zandonai, 2021). The mineral deposits discussed herein are related to lithium in brine contained within salar deposits and two brine lakes, at the 3Q Salar. This Report provides a comprehensive assessment of geological, technical, engineering, operational, and commercial aspects (economic analysis) of the 3Q Project. GWI and WOR were commissioned to evaluate the technical merits of the 3Q Project and to determine the conditions under which the 3Q Project should advance to the construction stage. Preparation of the updated Resource and Reserve Estimates |
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