NEO LITHIUM CORP

Neo Lithium Corp

THE NEXT MAJOR LITHIUM DISCOVERY
Company Exposure

Lithium Brine

Company Listing

Neo Lithium Corp

Stock Code

TSX.V:NLC; OTCQX:NTTHF; FSE:NE2

Company Overview



Neo Lithium Corp (TSX.V:NLC; OTCQX:NTTHF; FSE:NE2) is quickly becoming the most prominent new name in lithium brine exploration by virtue of its quality team and project. Already well capitalised, Neo Lithium is rapidly advancing its newly discovered Tres Quebradas (3Q) project – a high-grade lithium brine reservoir and salar complex in the Lithium Triangle.

Why Neo Lithium?

  • 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
  • PEA completed in Q4 2017 – US$1.2 billion after-tax NPV at 8%; IRR of 27.9%; Payback: 1 year and 8 months; OPEX: $2,791/t of Lithium Carbonate; CAPEX: $490.2 million
  • Strong cash position and robust shareholder register
Live Financials

Latest Announcements

Share Price Performance

Team

Waldo A Perez – President & CEO
Constantine Karayannopoulos – Chairman
Carlos Vicens – Chief Financial Officer
Thomas Pladsen – Director
Gabriel Pindar – COO & Director
Paul Fornazzari – Director

Major Shareholders

BlackRock Inc. – 13.0%
M&G Investment Management Ltd. – 10.2%
JP Morgan Asset Management – 5.8%
Connor Clark & Lund – 3.4%
RBIM – 3.3%
Mackenzie Financial Corp. – 2.9%
Manulife – 1.8%
Dynamic Resource Fund – 1.5%
Extract Capital – 1.3%
Primevest Fund – 1.2%
Total Institutional Ownership – ~45%
Insider Ownership – ~16%

Projects Overview


Tres Quebradas (3Q) Lithium Project

3Q is the most recent high-grade lithium brine lake and salar complex discovery in the lithium triangle.

  • Located in the southwestern portion of the Catamarca Province of Argentina – the largest lithium producer province of Argentina.
  • Project located 30km from the Chilean border with direct road to Pacific ports
  • 100% ownership of the entire salar complex
  • Fully permitted to feasibility – EIA well advanced and expected to be finalised in Q1/Q2 2018

The3QProject
Geology & Resources

  • Most recent high-grade lithium brine lake and salar complex discovery in the lithium triangle
  • Maiden Resource Estimate developed and announced after first drilling season
    • 2.1 Mt lithium carbonate @ 716 mg/L Li (at 520 mg/L Li cut-off)
    • 3.5Mt lithium carbonate @ 567 mg/L Li (at 400 mg/L Li cut-off)
  • High-grade / low impurities
  • Production rate of 35kt/year of Lithium Carbonate
  • Simple, proven solar evaporation technology
  • Mine life of 20 years with a 3 year ramp up
  • 3.5 Million Tons Lithium Carbonate @ 567 mg/l Li
  • Measured and Indicated 1.22 Million Tons Lithium
    Carbonate @ 567 mg/l Li

3Q Project – Preliminary Economic Assessment (PEA)

  • The economic analysis of the PEA is based on Construction commencing in 2019 with a three year ramp-up
  • All numbers based on a constant U.S. dollar basis
  • Average lithium carbonate pricing over the life of mine is ~US$11,760/t

Operations & Processing

Salar Complex Evaporation Plant- 3 step process.

1. Pre-concentration ponds

2. Conditioning brine

3. Post-concentration ponds

Fiambala Lithium Carbonate Plant

  • Finishing a battery grade lithium carbonate product
  • Pilot plant construction planned to commence Q1 2018, for operations in Q3 2018

Development Programme 2018

  • Drilling campaign will be double the previous drilling programme
  • Aquifer pump testing with large diameter production wells will continue
  • Hydrogeology: hydrogeological model with reserve and potential resource expansion estimation expected in early Q2 2018
  • DFS: Definitive Feasibility Study estimated between Q4 2018 and Q1 2019

Contact Details

WEBSITE: www.neolithium.ca

EMAIL: info@neolithium.ca

PHONE: +1-416 962-3300

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