Neo Lithium moving closer to production with an initial capital investment of $318.9mn

Neo Lithium is advancing towards being Argentina’s next lithium carbonate producer with its high-grade Tres Quebradas project in Catamarca province, commonly referred to as the 3Q project. The company aims to initially produce 20,000 tonnes of battery grade lithium carbonate over a 35-year mine life following an initial capital investment of $318.9 million. Without significant amounts of impurities to remove and very high grade, 3Q has the lowest operational cost and the lowest development cost of any lithium project in the industry at just  US$16,000 per tonne of installed capacity and an operational cost below US$ 3,000 per tonn of lithium carbonate.

Source: Mining Journal