Maiden Resource Estimate At 3Q Lithium Project in Argentina

 

 

TORONTO, ON - New Lithium Corp reported on the maiden resource estimate for the Tres Quebradas lithium brine project ("3Q Project") in Catamarca Province, Argentina. An independent measured, indicated and inferred resource estimate has been completed under the supervision of Canadian-based Groundwater Insight, Inc. Significant high grade Measured and Indicated and Inferred resource estimate. Measured and Indicated Resource of 714,242 tonnes of lithium carbonate equivalent at an average grade of 716 mg/L Lithium. Inferred Resource of 1,339,546 tonnes of lithium carbonate equivalent at an average grade of 713 mg/L Lithium. Conservative cut-off grade of 520 mg/L Lithium one of the highest levels in the industry. Average combined impurities for Magnesium/Lithium and Sulphate/Lithium continue to be the among the lowest in the industry. Measured and Indicated Magnesium/Lithium and Sulfate/Lithium of 1.99 and 0.52, respectively. Inferred Magnesium/Lithium and Sulfate/Lithium of 2.07 and 0.54, respectively. Significant potential for resource expansion at depth.