Notably, a hydrological numerical model has been completed, which will allow then better understanding of the behavior of the brine aquifer and predict brine levels under production conditions.
"The model is used for environmental impact reports, to complete the mine plan, and to determine the number of wells required for planned production and mine life," said Dr Waldo A. Perez, president and CEO of Neo Lithium Corp.
The firm has also completed the first production well, yielding a notable 90 litres of high grade lithium brine per second from 100 metres depth.
This is equivalent to about 20% of the total production needs planned using the high grade brine (800 mg/L Lithium cut-off.
The production capacity of this first large size production well is remarkable because it suggests that very few production wells would be required, noted Perez.
Neo Lithium has also made significant progress in the environmental permits, including full the environmental baseline study finalized and all documentation to be provided to provincial authorities of Catamarca in September.
The firm also remains well funded with over $49M in cash and the process to secure a strategic partner to take part in financing and development of 3Q continues.