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NEO Lithium Corp Preliminary Economic Assessment (PEA) 3Q Project NI 43-101 Technical Report Catamarca, Argentina Randy Pitts, B.Sc., Mining Eng. PFS results show after tax NPV8% of over US$1.1B and 50% IRR ; Located in the lithium triangle, where over 40% of the global lithium is produced. Neo Lithium Corp (OCTMKTS:NTTHF) (FRA:NE2) updated Wednesday on progress at its 3Q project in Argentina - a high-grade lithium brine lake and salar complex.. As reported in September this year, Neo Lithium struck a C$8.5 million investment deal from Contemporary Amperex Technology (CATL) - a Chinese manufacturer of lithium-ion batteries for electric vehicles (EVs). Announced extremely positive PFS after-tax results on its 3Q Project with over US$1.1B NPV8% and ~50%IRR. Investors are cautioned that this non-IFRS financial measure should not be construed as an alternative to other measures of financial performance calculated in accordance with IFRS. Neo Lithium is rapidly advancing its recently discovered 3Q Project – a unique high-grade lithium brine lake and salar complex in Latin America’s “Lithium Triangle”. Neo Lithium Corp (OTCMKTS: NTTHF) is an exciting stock that continues to move higher in recent trading. It’s the 7th biggest Lithium project in the world and is located in the Lithium triangle and is now heading to final feasibility. Excellent access with current infrastructure. Successfully closed an upsized a bought deal of units (1 share plus ½ warrant) at a price of C$1.10 per Unit for a total successful raise of ~$25m. High Grade. Neo Lithium owns 3Q project - a unique high-grade lithium brine lake and salar complex in Latin America’s “Lithium Triangle”. Lowest critical impurity content in the world (SO4&Mg). Announce its maiden resource estimate for the 3Q lithium brine project. Neo Lithium is rapidly advancing its 100% owned 3Q Project - a unique high-grade lithium brine lake and salar complex in Latin America's "Lithium Triangle". Low Impurities and Large reserve Base. Hosted in the mining friendly Catamarca Province, the largest and oldest Lithium producing province in Argentina. Neo Lithium is a company that is developing the 3Q project and have taken it from discovery to pre-feasibility stage in 4-years. Announced submission of its environmental impact assessment (EIA) for Construction of its 3Q Project, Successful production of 99.1 % Lithium Carbonate in the first batch from its pilot plant, Creation of a lithium industrial park in Fiambalá for the future construction of the plant, Production of battery grade lithium carbonate ~99.6%. Mining Property for 99 years granted over a total of 350km2, Tax Stability for 30 years granted by the federal Government, Income Tax at 25% - with royalty payment to government at 3%, Surface Easement granted for mine construction by mining authorities, Access Easement granted by mining authorities, Environmental Permit granted for Exploration, Mining and Pilot plant and Pilot Ponds Development, Final Environmental permit for construction presented to the government, in process of approval, Agreement in place with local municipality to build plant in Fiambalá on government Land near town. Similar process producing in the region >20 years. NLC conducted extensive processing and metallurgical studies to identify the preferred process for its 3Q Project. Neo Lithium Corp. has quickly become a prominent new name in lithium brine exploration by virtue of its high quality 3Q Project and experienced … Neo Lithium Provides 3Q Project Update. The 3Q project is located in the Catamarca Province, the largest lithium producing area in Argentina covering approximately 35,000 ha including a salar complex of approximately 16,000 ha. Neo Lithium Announces C$30,195,000 Bought Deal Private Placement Financing. The 3Q Project is located in the Catamarca Province, the largest lithium producing area in Argentina covering approximately 35,000 ha including a salar complex of approximately 16,000 ha. There is a lot of excitement surrounding Neo Lithium as the Company advances its recently discovered 3Q Project – a unique high-grade lithium brine lake and salar complex in Latin America’s “Lithium Triangle”. The 3Q Project (Tres Quebradas Lithium Project) is located in Catamarca Province, the largest lithium producing area in Argentina, and covers approximately 35,000 ha including a salar complex of approximately 16,000 ha. On July 18, 2016, NLC announce the completion of the previously announced qualifying transaction with POCML 3 Inc. and the successful concurrent raise of close to $20M. 20ktpa Lithium Carbonate annual production with post-tax PFS result of US$ 1.2B NPV8%, -50% IRR and payback of < 2years. The 3Q project is located in Argentina’s Catamarca province, the largest lithium producing area in the nation. Results Show very low capital intensity of < US$16,000/t of installed capacity. Perez also discovered the Cauchari project and founded Lithium Americas. The 3Q Project is in Catamarca Province, the largest lithium producing area in Argentina. Plenty of upside to increase reserves on the large, inferred resource at depth. Located at 4000 meters above the sea level, 30kms from the Chilean border, with direct road access to pacific ports by highway and to Atlantic ports through highways and railroad. Comprehensive environmental baseline study finalized with positive results and submitted to the Catamarca Province authorities, paving way for final mining approvals. Cookies are used to offer you a better browsing experience and to analyze our traffic. CATL ~$8.5M investment for ~8% of NLC, a board position and a joint DFS and define construction financing. Neo Lithium is rapidly advancing its recently discovered 3Q Project - a unique high-grade lithium brine lake and salar complex in Latin America’s “Lithium Triangle”. In May 2019 GHD Chile and Groundwater insight Canada completed a 43-101 Independent Technical Report and Prefeasibility Study Closed an upsized bought deal of common shares at $1.95 for ~$30m and also received C$15.6m from the acceleration of outstanding warrants from the previous $25m financing in early 2017. Neo Lithium is rapidly advancing its 100% owned 3Q Project - a unique high-grade lithium brine lake and salar complex in Latin America's "Lithium Triangle". The economic analysis is based on average lithium carbonate pricing over the life of mine is ~US$11,882/t Already well capitalized, Neo Lithium is rapidly advancing its recently discovered 3Q Project - a unique high-grade lithium brine lake and salar complex in Latin America's "Lithium Triangle". Announced a resource estimate update for its 3Q lithium project with a 227% increase in measured and indicated categories. Neo Lithium Corp. has quickly become a prominent new name in lithium brine development by virtue of its high quality 3Q Project and experienced team. 3Q Project is fully operational with strong safety measures in … The 3Q Project is located in the Catamarca Province, the largest lithium producing area in Argentina covering approximately 35,000 ha including a salar complex of approximately 16,000 ha. The project covers approximately 35,000 ha and the salar complex within this area is approximately 16,000 ha. Successfully completed and tested the pilot plant built by the Instituto de Investigaciones Tecnolágicas from Universidad de Concepcion, Chile and has shipped the Plant to the warehouse in Fiambalá, Catamarca, Argentina. The first campaign work involved collection of 255 surface brine samples from lakes, Salt flat, rivers, and geothermal springs throughout the property. ~US$ 16,000/t CAPEX intensity is the lowest of any greenfield development. Average grade over the first 10 years of production. Catamarca is the oldest lithium-producing province in Argentina. The 3Q Project has the 4th highest lithium grade globally, or the 3rd highest if counting only their high grade core. Neo Lithium’s 3Q Project is the pre-eminent lithium brine asset in the world to meet this demand. Neo Lithium (OTCQX:NTTHF) entered into an agreement with Stifel GMP, on its own behalf and on behalf of syndicate of underwriters, post which underwriters agreed to purchase on a … The 3Q Project has the lowest level of impurities globally. The closest population centre to the Project is the town of Fiambalá, Argentina (population 5,000), located 100 km east of the Project. Fully functional laboratories, pilot scale ponds and plant. Shares of Neo Lithium surged to a 52-week high of C$3.49 on Tuesday. On January 11, 2016, this third party sold these six mining claims to the founders which created Neo Lithium (NLC) and LIEX SA wholly-owned subsidiary in Argentina. Worley to take Neo Lithium’s 3Q brine project into DFS stage Posted by Daniel Gleeson on 11th January 2021 Neo Lithium Corp and its Argentinean subsidiary LIEX SA have engaged Worley Chile and Worley Argentina to complete a definitive feasibility study (DFS) of its flagship 3Q lithium brine project in Catamarca, Argentina. We aim to become one of the most sustainable lithium producers in the market by designing energy efficient facilities, minimizing carbon footprint in our operation, minimizing freshwater consumption, and promoting a sustainable future for the community and the industry. Neo Lithium has engaged Worley to complete a comprehensive DFS on its flagship, high-grade lithium brine project, 3Q, in Catamarca, Argentina. 2019 drilling campaign initiated. Northern High-grade zone allows to start production at higher grade with smaller ponds (lower Capex) and move south to lower grade over time. *EBITDA is a non-IFRS earnings measure which does not have any standardized meaning prescribed by IFRS and therefore may not be comparable to EBITDA presented by other companies. And have taken it from discovery to pre-feasibility stage in 4-years ~50 % IRR and payback of <.... So4 & Mg ) completed, with operation and training starting imminently Argentina! 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