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 HMN Project is strategically located in the Hombre Muerto Salar, an area of active lithium production by FMC 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 is also moving their portion of the Hombre Muerto Salar, the Sal de Vida Project, to lithium production.

Highlights of the Hombre Muerto North Lithium Project Include:

  • Project has been significantly de-risked.
  • 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 $280 Million.
  • Drilling on a second core hole located 2.1 kilometers to the west of the first hole is advancing.
  • Highly qualified, Argentina-based team of professionals experienced with lithium exploration, development, through to lithium production.

Quotes taken from previous New Releases...

December 3rd - Adrian Hobkirk, President and CEO of NRG, commented,

“we are pleased with our accomplishment to date at Hombre Muerto North, and in particular, the identification of a significant high-grade resource. We anticipate that the PEA will allow the company to further justify the development of the Hombre Muerto North Lithium Project.”

October 3rd - Adrian Hobkirk, President and CEO of NRG, commented,

“the grades we are seeing at the Hombre Muerto Project are some of the highest reported grades for any of the lithium-bearing brine deposits in Argentina.  The combination of high grades, excellent chemistry and good pumping rates are very positive indicators that we hope will allow us to advance the project through feasibility studies to production should the economic viability and technical feasibility of the project be established.”

July 10th - Adrian Hobkirk, CEO of NRG Metals Inc., commented,

“We are encouraged to find high lithium grades in the first part of the second hole, and these results demonstrate the presence of lithium bearing brine across our Tramo property. We will have a more complete picture once this hole is completed and when we have the results of the pumping test from the large diameter hole completed adjacent to the first core hole.”

Adrian Hobkirk, CEO of NRG Metals, commented:

“We are very excited to be able to lock-up this project in the preeminent lithium brine production and development area in Argentina. NRG has a highly qualified, Argentina-based team of professionals experienced with lithium exploration, development, through to lithium production.”

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