Neo Lithium Corp V.NLC

RE:RE:Excerpts from the Technical Report....

[MurrayMac]

S17 – INTERPRETATION AND CONCLUSIONS - con't
 

Currently, the depth and distribution of lithium brine below the surface is a significant source of Project uncertainty in terms of potential economic viability. Also, the results from duplicates collected by the QP indicate some potential for lower lithium and potassium concentrations (approximately 10%, on average) either due to analytical error or changes in field conditions since the original samples were collected. The differences are considered minor, but potential causes (i.e., analytical drift or short-term variability in shallow brine composition) should be evaluated in any follow-up studies.

In the absence of subsurface drilling information, a preliminary assumption has been made that the 3Q Salar Complex is an evaporite-dominant salar. That is, it is assumed the salar infill materials consist primarily of halite and other evaporites. The rough, evaporitic surface of the salar is the primary reason for this assumption. It is further assumed that salar infill materials extend under the brine lakes. Subsurface exploration is required to evaluate these assumptions.