Hombre Muerto North Project

NRG Metals Inc. Projects

Hombre Muerto North Project in Argentina

Located in Salta and Catamarca Provinces, Argentina. The property package of 3,287 hectares is comprised of the Alba Sabrina, Tramo, Natalia Maria, Gaston Enrique, Viamonte and Norma Edit concessions, all located in the Salar del Hombre Muerto in northwestern Argentina.

The Company has evaluated the HMN Project having completed the initial exploration, a resource calculation, and releasing PEA numbers.  The HMN Project is strategically located in the Hombre Muerto Salar, an area of active lithium production by FMC Lithium Co. at the Fenix lithium mine, some 12 kilometers south of the project area. The project is surrounded by ground now owned by POSCO, a Korean based lithium producer, as a result of its US$280 million purchase of the area from Galaxy Resources Ltd., an Australian-based producer. Galaxy Resources Ltd., is also moving their portion of the Hombre Muerto Salar, the Sal de Vida Project, to lithium production.

Lithium stock - growth investment

Highlights of the Hombre Muerto North Lithium Project include:

  • PEA indicates attractive economics for a 5,000 tonne/year LCE operation with a CAPEX of $93.3M, OPEX of $3,112/t LCE, NPV(8) of $217M and IRR of 28.0%.
  • Exceptional Li Samples;  300 - 400 meter average 918 mg/l Li with a low Mg to Li ratio.
  • Excellent Pump Test Results - produced 26 liters per second of lithium brine in 72-hours.
  • Geophysical data indicates zones of low resistivity, interpreted to be potential lithium-bearing zones that are open at depth.
  • Adjacent to Galaxy Resources’ Sal de Vida lithium development project sold in May 2018 to Posco for US$ 280 Million.
  • Highly qualified, Argentina-based team of professionals experienced with lithium exploration, development, through to lithium production.

Quotes taken from previous New Releases...

February 20, 2020 - Adrian Hobkirk, President and CEO of NRG, quoted,

"NRG is evaluating several new extraction technologies for lithium production which may be applicable to the project, all of which will require a substantial sample of brine."

August 12, 2019 - Adrian Hobkirk, President and CEO of NRG, quoted,

“We are very pleased to have completed and filed the report, which firmly established the Hombre Muerto North Lithium Project as having significant potential. The smaller environmental footprint, shortened build out time and excellent grade of lithium enhance the attractiveness of the project.”

April 29, 2019 - Adrian Hobkirk, President and CEO of NRG, commented,

“NRG has advanced the HMN Project from discovery to PEA in just under twelve months.  The PEA results highlight attractive economics associated with the project, including a smaller environmental footprint and manageable CAPEX. We look forward to taking the HMN Lithium Project to the next stage of development as quickly as possible.”

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