Neo Lithium Corp. is quickly becoming one of the foremost new names in lithium brine exploration, rapidly advancing its newly discovered Tres Quebradas (3Q) Lithium Project - a unique high-grade lithium brine reservoir and salar complex in the Lithium Triangle, located in the Province of Catamarca, the largest lithium producer in Argentina.
The 3Q Project covers approximately 35,000 ha and the salar complex within this area is approximately 160 km2. A high grade northern target was identified extending over 14x3 km including a salar and a reservoir. The northern target has high grade lithium with very low key impurities (magnesium and sulphate) - a significant factor in traditional low cost evaporation techniques for final lithium production. Hot springs on the property with elevated lithium content are part of the recharge system of the salar complex. The technical team that recently discovered this unique salar complex is one of the most experienced in the modern era in lithium salars, having discovered and led the technical work, including resource definition and full feasibility study that established the Cauchari lithium salar as the third largest lithium brine resource in the world.
The atmosphere in Argentina is favourable for a lithium boom with the recently elected, pro-business President Mauricio Macri implementing changes to promote economic growth in the country. Lithium is emerging as one of the most prized commodities on earth as prices have tripled since 2003 and continue to remain strong with lithium demand expected to double by 2020. This is encouraging data that coincides with Goldman Sachs dubbing lithium as ‘the new gasoline’ in a special research series entitled “What if I told you” which explores emerging trends that will change our everyday lives. Changes like the long-awaited electric car revolution.
Neo Lithium’s 3Q Project is the right asset in the right location at the right time. Neo Lithium holds the entire salar complex; has discovered a “new” high grade and low impurities lithium reservoir in the Lithium Triangle, and is headed up by a quality team of seasoned experts in the lithium sector. With its strong cash position and fully financed through exploration to Lithium Carbonate PEA report, Neo Lithium is poised for long term gains.
Neo Lithium trades in Canada on the TSX Venture Exchange under the symbol NLC.
For more information about Neo Lithium Corp., please visit: www.neolithium.ca
The company paid consideration to SNN or its affiliates for this article.
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