Big Picture – A Deep Dive Examination of the Neo Lithium Corp
Neo Lithium Corp Snapshot
The next major lithium discovery
We are on the cusp of a global green energy revolution that will require efficient high-capacity energy storage solutions.
The significant developments and growth in Lithium batteries for portable applications, electric vehicles and large scale battery applications make Lithium a proven solution.
The Lithium industry is faced with the challenge to keep up with increasing demand with very few new discoveries being made during the last 30 years and fewer mines having been put into production in recent years.
Tres quebradas (3q)
3Q is the most recent high-grade lithium brine lake and salar complex discovery in the lithium triangle.
Right in the heart of the Lithium Triangle, the 3Q Project is located in Catamarca Province, Argentina the largest lithium producing and mining-friendly province in Argentina.
The 3Q Project has one of the highest-grade lithium brine projects in the world, with a large salar and lithium brine lake covering more than 150km2 and the Company controls more 350km2 in and around the complex. The 3Q Project is 100% owned by Neo Lithium.
The Company has obtained environmental permitting to complete exploration and the pilot plant and has also obtained the easement agreement to access the project for future construction at the project site. The Company is currently working on the completion of environmental permitting (EIA) as part of mine construction permit in Q1/Q2 2018.
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- One of the highest-grade lithium brine assets in the world combined with the lowest critical impurity content of any known salar making it ideal for well-known and simple evaporation processing
- 8th largest resource of lithium carbonate after one season of drilling with significant potential for upside
- 100% ownership - The only Lithium company that owns an entire salar of this size without competitors or third parties
- Fully permitted to feasibility- EIA well advanced and expected to be finalized in Q1/Q2 2018
- Strong cash position and robust shareholder register
The 3Q Project is located in the southern end of the “Lithium Triangle” in the Puna Plateau. The area is characterized by high altitude salt flats, many of which contain elevated lithium concentrations.
The largest brine lithium mines and projects in the world are located in salars in the Lithium Triangle including Atacama Salar (SQM and Albermarle), Cauchari-Olaroz Salar (Orocobre and Lithium Americas Corp) and Hombre Muerto Salar (FMC and Galaxy).
The Project is located in the southwestern portion of the Catamarca Province of Argentina, the largest Lithium producer province of Argentina.
The closest population centre to the Project is the town of Fiambalá, Argentina (population 5,000), located 100 km east of the Project.
There are no aboriginal communities or inhabitants in the Project area, which is only 25 km from the border with Chile.
The closest highway to the Project is Ruta Nacional 60, which connects the capital city of Catamarca (San Fernando del Valle de Catamarca) to Copiapó and the seaport of Caldera, via Paso de San Francisco. The project is connected to the highway by an all-weather 60 km dirt road.
Over $10 million was invested in the 3Q Project by September 2017, with a 60 person year-round camp.
Despite being discovered on in December 2015 by the founders of the company, the 3Q Project is already fully equipped not only with the full camp and access road, but also with a last generation weather station operating year round, a full geochemical analytical lab on site, solar and diesel power, as well as a zero waste sewage system.
The process begins with the extraction of brine through production wells. From the wells, the brine is pumped into large solar evaporation ponds. The evaporation process in the solar ponds starts with a pre-concentration stage where more than 90% of the sodium chloride from the brine is expected to crystallize out. This pre-concentration stage has an evaporation period of approximately 160 to 180 days, during which the volume of brine is reduced by approximately 95%.
In order to promote the production of lithium carbonate at the lowest possible cost, the solar evaporation process will be designed so that the lithium concentration in the brine reaches values in the range of 2.5%. The pre-concentrated brine is then subjected to chemical treatment with sodium sulfate in order to remove most of the calcium present. The precipitation of gypsum and then post-concentration will bring the lithium concentration in the brine to approximately 6%.
From there, the 6% brine is to be transported to a processing plant to be built in the town of Fiambala, Catamarca (approximately 160 km from the 3Q Project).
The processing plant for producing lithium carbonate includes the final purification of the concentrated lithium brine feeding the lithium carbonate precipitation stage. For this purpose, the conventional process used by lithium carbonate plants in operation has been taken as a reference, which includes the following:
Elimination of the boron content by solvent extraction. First stage where boron-free brine is mixed with mother liquor from the lithium carbonation stage to dilute lithium to 1% and remove Ca (Calcium) and some Mg (Magnesium). Second stage treatment of the boron-free brine with a mixture of slaked lime and soda ash, to remove low residual levels of magnesium. The purified brine, containing 1% lithium dissolved as lithium chloride, is transferred to three reactors in series, where lithium carbonate is precipitated by the addition of sodium carbonate solution (at 28 wt.%). The slurry containing the precipitated product is separated from the mother liquor by filtration and is washed with soft water. Finally, the product is dried, classified and packed.
A total of 10 diamond drill holes (totaling 1,960 metres) and 13 rotary wells (totaling 1,177 metres) were completed in 11 platforms by the company in the first season of drilling. The diamond drill holes had core recovered in HQ triple tube. Of the 10 holes used for the resource analysis, only three reached the basement; all others were terminated after reaching target depth or due to drill limitations. The total thickness of the basin, and the total thickness of saturated sediments, is unknown for most of the basin.
The Company has initiated the second round of drilling to upgrade resources into reserves and explore upside potential at depth on already drilled sectors and sectors that remain unexplored.
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Waldo A. PerezPH.D., P. GEO.
President & Ceo
Chief Financial Officer
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