3q neo lithium
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. The property covers … … Large throughput and/or mine life expansion capabilities: 32% or resources used. 20ktpa Lithium Carbonate annual production with post-tax PFS result of US$ 1.2B NPV8%, -50% IRR and payback of < 2years. 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$8.5 million investment deal from Contemporary Amperex Technology (CATL) - a Chinese manufacturer of lithium-ion batteries for electric vehicles (EVs). Neo Lithium controls 100% of the project and the salar basin. Neo Lithium’s 3Q Project is the pre-eminent lithium brine asset in the world to meet this demand. Low Impurities and Large reserve Base. Neo Lithium Corp. has quickly become a prominent new name in lithium brine exploration by virtue of its high quality 3Q Project and experienced team. ~US$ 16,000/t CAPEX intensity is the lowest of any greenfield development. Plenty of upside to increase reserves on the large, inferred resource at depth. The stock was up 9.3% by 12:10 p.m. EST and 55.7% year-to-date. Northern High-grade zone allows to start production at higher grade with smaller ponds (lower Capex) and move south to lower grade over time. Neo Lithium Provides 3Q Project Update. Perez also discovered the Cauchari project and founded Lithium Americas. The 3Q Project is in Catamarca Province, the largest lithium producing area in Argentina. 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%. 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 is rapidly advancing its 100% owned 3Q Project - a unique high-grade lithium brine lake and salar complex in Latin America's "Lithium Triangle". Pilot evaporation ponds expanded and producing high grade concentrate, and lithium carbonate pilot plant completed, with operation and training starting imminently. The report provides a comprehensive assessment of geological, technical, engineering, operational, logistics and the economic analysis of the 3Q Project Announced a resource estimate update for its 3Q lithium project with a 227% increase in measured and indicated categories. Comprehensive environmental baseline study finalized with positive results and submitted to the Catamarca Province authorities, paving way for final mining approvals. 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. Announced extremely positive PFS after-tax results on its 3Q Project with over US$1.1B NPV8% and ~50%IRR. 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. The Canadian company maintains the ability to increase capacity to as much as 40,000 tons per year. The company’s 3Q project is hosted in the mining-friendly province of Catamarca, Argentina. 3rd highest lithium brine grade in the world. Neo Lithium Announces C$30,195,000 Bought Deal Private Placement Financing. 3Q Project is fully operational with strong safety measures in … Neo Lithium Corp. has quickly become a prominent new name in lithium brine exploration by virtue of its high quality 3Q Project and experienced … 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. 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”. High Grade. The 3Q Project was acquired through acquisition and direct staking of concessions in early 2016. 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. By continuing to use our service, you agree to our use of cookies. 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. Neo Lithium’s 3Q 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”. 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 ~$25m. US$ 2,914/t OPEX is lowest quartile in the industry. It’s the 7th biggest Lithium project in the world and is located in the Lithium triangle and is now heading to final feasibility. Neo Lithium Corp. [NLC-TSXV; NTTHF-OTC] has announced a $30.2 million bought deal financing that will be used to fund development of its 100%-owned Tres Quebradas (3Q) Project in Argentina. … Average grade over the first 10 years of production. Announce its maiden resource estimate for the 3Q lithium brine project. Read full article. Strong w/c and best in the class institutional ownership. Hosted in the mining friendly Catamarca Province, the largest and oldest Lithium producing province in Argentina. Results were used to map the distributions of lithium, potassium, and other parameters in surface brines. Average grade from 10 to 20 years of production. Lowest combined sulfate and magnesium impurities worldwide. The 3Q project is located in Argentina’s Catamarca province, the largest lithium producing area in the nation. Neo Lithium (TSXV: NLC) announced today a bought deal private placement on a basis of 9,900,000 special warrants at a price of C$3.05 per special warrant for aggregate gross proceeds to the company of C$30.19 million. NEO Lithium Corp Preliminary Economic Assessment (PEA) 3Q Project NI 43-101 Technical Report Catamarca, Argentina Randy Pitts, B.Sc., Mining Eng. Top 3 highest lithium brine grade in the world. Neo Lithium Corp (OTCMKTS: NTTHF) is an exciting stock that continues to move higher in recent trading. 3Q project established and running. Fully functional laboratories, pilot scale ponds and plant. May 4, 2020, 5:00 AM. Amended Prefeasibility Study (PFS) - Tres Quebradas Project May 7, 2019. After-Tax Net Present Value ("NPV") @ 8% Discount Rate, After-Tax Internal Rate of Return ("IRR"), Steady-state Annual Production (lithium carbonate), Payback Period (from commencement of production). 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. 3Q is the second highest grade project worldwide that is not in production. Similar process producing in the region >20 years. Results Show very low capital intensity of < US$16,000/t of installed capacity. 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. 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 … 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 company has a $388 million market capitalization. CATL ~$8.5M investment for ~8% of NLC, a board position and a joint DFS and define construction financing. 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’s 3Q project was discovered by CEO Dr. Waldo Perez exploring with his son. Neo Lithium has engaged Worley to complete a comprehensive DFS on its flagship, high-grade lithium brine project, 3Q, in Catamarca, Argentina. 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. About Neo Lithium Corp. Neo Lithium Corp. has quickly become a prominent new name in lithium brine exploration by virtue of its high quality 3Q Project and experienced team. The 3Q Project has the 4th highest lithium grade globally, or the 3rd highest if counting only their high grade core. *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. 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. EBITDA represents earnings before interest expense, income taxes, depreciation and amortization. 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. NLC conducted extensive processing and metallurgical studies to identify the preferred process for its 3Q Project. Summary. 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”. Already well capitalized, Neo Lithium is rapidly advancing its newly discovered 3Q Project - a unique high-grade lithium brine lake and salar complex in Latin America’s Lithium Triangle. Neo Lithium engages Worley to complete feasibility study of 3Q project 12 January 2021 Neo Lithium has engaged Worley to complete a comprehensive DFS on its flagship, high-grade lithium brine project, 3Q, in Catamarca, Argentina. Announced the positive results of its preliminary economic assessment ("PEA") for the production of lithium carbonate at the 3Q lithium brine project. Cookies are used to offer you a better browsing experience and to analyze our traffic. 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”. 3Q Project is 100% owned and NLC controls entire salar. The average grade to be mined for the first 10 years is forecast to be 1,000 mg/L lithium. As part of Q3, Neo Lithium aims to reach a production capacity of approximately 20,000 tons per year of battery-grade lithium carbonate in the Argentine province of Catamarca. 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. In May 2019 GHD Chile and Groundwater insight Canada completed a 43-101 Independent Technical Report and Prefeasibility Study Specifically, Neo Lithium intends to use the majority of the financing proceeds to advance the construction of the concentration pond system at a commercial scale with a view to accelerating … 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”. 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". Excellent access with current infrastructure. The economic analysis is based on average lithium carbonate pricing over the life of mine is ~US$11,882/t Neo Lithium is a company that is developing the 3Q project and have taken it from discovery to pre-feasibility stage in 4-years. Neo Lithium's share value sparked by accelerated development. The 3Q Project has the lowest level of impurities globally. The project covers approximately 35,000 ha and the salar complex within this area is approximately 16,000 ha. The closest population centre to the Project is the town of Fiambalá, Argentina (population 5,000), located 100 km east of the Project. Corp ( OTCMKTS: NTTHF ) is an exciting stock that continues to move higher in recent trading Study... Npv8 % and ~50 % IRR and payback of < 2years parameters in surface brines hosted in the region 20..., income taxes, depreciation and amortization be mined for the 3Q Lithium project with 227... Is a company that is not in production is an exciting stock that continues to move higher recent. By accelerated development better browsing experience and to analyze our traffic average grade to be mined for the 3Q.... $ 1.2B NPV8 % and ~50 % IRR over US $ 2,914/t is... 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