Waldo Perez, President & CEO of Neo Lithium Corp, shares his thoughts on the demand for lithium and what that means for this company.
Well, I am the founder and discoverer of a previous lithium deposit which is at Cauchari that belong to Lithium Americas Corp. One year ago, I actually discovered and put together this new lithium project.
Neo Lithium Corp is a company that is located in Argentina at the southern end of the Lithium Triangle. It’s a new discovery. It’s extremely high grade. As a matter fact, it’s the third highest grade project in the world, very low impurities, the lowest impurities in the world. Typically, it takes 30% of reproduction cost to remove those impurities. Our land package and covering the entire salar is over 350 square kilometres which is one of the largest salar, 100% ownership packages that you can see in the Lithium Triangle.
Obviously, the high prices for lithium in China have driven a lot of projects into the market. If you’re an investor in this business ask for the grade is no minor thing. If the grade goes below 200 or 300 milligrams per litre, you almost have a warranty that this project is not going to fly.
It’s very clearly, that the world, we require a lot more lithium if we are going to drive — if everybody is going to drive a Tesla for another electric car. Confirming all that, we are at the verge of a very, very significant discovery.
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