Mr. Adrian Hobkirk reports
NRG METALS INC. PROVIDES P.E.A. UPDATE
NRG Metals Inc. has provided an update on progress with a preliminary economic analysis of the Hombre Muerto North lithium project, located in Salta province, Argentina. The evaluation is being conducted by Knight Piesold Consulting (KP) and JDS Energy & Mining (JDS).
The analyses are currently focused on process engineering optimizations. Simultaneously, design work and evaluation of site infrastructure are continuing, including the overall general arrangement with optimal location for potential pilot and production plant sites and the ponds. Material quantities and costs are being prepared and preliminary economic numbers are being developed for the PEA.
The HMN project is strategically located in the Hombre Muerto salar, an area of active lithium production by FMC at the Fenix lithium mine, about 12 kilometres 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 $280-million (U.S.) purchase of the area from Galaxy Resources Ltd., an Australian-based producer. Galaxy is also moving its portion of the Hombre Muerto salar, the Sal de Vida project, to lithium production.
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