NOA Lithium Brines Inc. to Commence Drilling at Rio Grande Project

NOA Lithium Brines Inc. is set to begin its 2025 water exploration campaign at the Rio Grande Project in Salta Province, Argentina, within the next 20 days. The drilling operations will be conducted by a mobilized rig, highlighting an essential milestone in the project timeline.

Gabriel Rubacha, Chief Executive Officer, noted that geophysical surveys have pinpointed zones with promising water resource potential, aiding the forthcoming Preliminary Economic Assessment (PEA). The project currently boasts approximately 4.7 million tons of lithium carbonate equivalent, with average lithium concentrations of 525 mg/L.

This initiative follows the completion of full ownership acquisition in December 2024. The project represents a significant component of NOA's assets within the prolific Lithium Triangle, aiming to harness the area's substantial resource potential.