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:

  • 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...

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

“We are very pleased that 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.”

April 2, 2019 - Adrian Hobkirk, President and CEO of NRG, commented,

“NRG has been completing a transitionary phase, competition for the project had become significant with various parties familiar with the property desiring to replace the Company in this arrangement. We are looking forward to working closely with the vendor in the future evaluation of the HMN Project.”

December 3, 2018 - 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 3, 2018 - 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 10, 2018 - 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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