Nothing surprise me, as I expected, here is it. The management are too conservative!
Neo Lithium has engaged Worley to complete a comprehensive DFS on its flagship, high-grade lithium brine project, 3Q, in Catamarca, Argentina . The development strategy focuses on production of 20,000 tonnes per year of lithium carbonate with the flexibility to expand production to 40,000 tonnes per year after phase one is completed and operational. The DFS is scheduled for completion in Q3 2021.
"On the back of CATL's investment and involvement, we are very pleased to have engaged and be working with Worley who bring a wealth of lithium knowledge and experience to our 3Q Project. Worley is a leading global engineering firm and has been involved in all aspects of lithium brine operations which will be invaluable in executing our DFS," said Gabriel Pindar, COO of Neo Lithium Corp. "We have a very busy and exciting year ahead of us and look forward to reporting further positive developments to all of our stakeholders."
tiger
https://www.theglobeandmail.com/investing/markets/stocks/NLC-X/pressreleases/928521/