NOA Lithium Brines targets Q3 PEA for Rio Grande Project in Argentina

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18d ago 5:01

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NOA Lithium Brines CEO Gabriel Rubacha joined Steve Darling from Proactive to provide an important update on the company’s flagship Rio Grande lithium project, located in Salta, Argentina—one of the world’s most prolific lithium-producing regions. As NOA approaches a key milestone, Rubacha outlined the company’s progress and strategic vision for unlocking value in the global energy transition. Since its TSX Venture Exchange listing in March 2023, NOA Lithium has focused its exploration efforts on three projects within the Salta region, with Rio Grande as the cornerstone of its development strategy. The company published its maiden resource in February 2024 and expanded it in July of last year. The current resource estimate stands at 4.7 million tonnes of lithium carbonate equivalent (LCE) with an impressive average concentration of 525 mg/L, placing it among the higher-grade brine projects in the region. Rubacha emphasized that the Rio Grande resource is particularly attractive due to its undeveloped status, lack of royalties, and absence of restrictive agreements, providing NOA with considerable flexibility in how it structures and advances the project. The company has engaged engineering and project management firm Hatch to lead the Preliminary Economic Assessment (PEA), which is expected to be completed in the third quarter of 2025. The study will assess a two-stage production plan aimed at ultimately producing up to 40,000 tonnes of LCE annually. Importantly, NOA has opted for conventional lithium brine processing methods rather than Direct Lithium Extraction (DLE), a decision that Rubacha says lowers technical and operational risk as the project moves toward development. #proactiveinvestors #noalithiumbrinesinc #tsvx #noal #LithiumBrines #RioGrandeProject #LithiumExploration #SaltaArgentina #LithiumPEA #BatteryMetals #CriticalMinerals #HatchPEA #TSXV #LithiumMarket #MiningStocks

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