Neo Lithium Corp NTTHF

How valuable is 3Q Project?

[tiger2201]

Hi guys,

I did some number puntching to see how our 3Q project is valued.  If we do believe it is the best project in the world.  Here are the 3 projects just purchased by Majors.

	M (M Tonne)	I (M Tonne)	M+I (M Tonne)	Inf. (M Tonne)	TOTAL (M Tonne)	M+I Grade (mg/L)	Cut-off G (mg/L)	Mg/Li	SO4/Li	P. Price (M$)	P. Price-M+I ($/Tonne)	P. Price-Total ($/Tonne)
Rincon	4.9	0.9	5.8	5.97	11.77	367	200	9.6	24.5	825	142.2	70.1
NLC	1.9	3.47	5.37	2.26	7.63	637	400	3.3	0.5	750	139.7	98.3
ML	1.28	0.85	2.13	0.88	3.01	427	300	6.3	18.2	400	187.8	132.9

Among the 3 projects, 3Q is the highest grade, lowest impurity project, the Rincon project is the lowest quality.

Based on Measured-M & Indicated-I Resources, 3Q is sold at the LOWEST price at $140/tonne.

In terms LAC purchasing of ML, it paid the highest price, based on both M+I and Total Resource, maybe that's why CATL dropped out of the race.

SAD to see 3Q go!

Happy Holiday!

tiger

[TomyHH]

You forgot the 3Q core with 1000 mg/l It probably has enough resource to produce 100.000 tons lithium for the first 10 years  Zijin made a great deal

[tiger2201]

I never ever forget the HIGH GRADE zone in the norther part of the project, as management have promoted BLUE SKY potential.  Unfortunately, they sold themselve short. The grade I mentioned was the whole project average grade. tiger