Original News Release
NOA Lithium drills, completes well at Rio Grande
Mr. Gabriel Rubacha reports
NOA LITHIUM COMPLETES FIRST FRESH WATER WELL AT RIO GRANDE PROJECT WITH STRONG PERFORMANCE
NOA Lithium Brines Inc. has drilled, completed and cased its first freshwater exploration well, named RT-RG25-FW02, on the northern side of the Salar de Rio Grande within its 100-per-cent-owned Rio Grande project in Salta province, Argentina. This achievement represents a critical milestone for securing water resources required for development of the project.
Well highlights:
Well name: RT-RG25-FW02;
Depth: 190 metres with a 12-1/4th-of-an-inch diameter;
Well construction: fully cased and screened; enabled well up to 183.9 metres, consisting of 143.77 metres of six-inch blind steel pipe and 40.13 m of six-inch galvanized filters with 0.75 millimetre continuous slot; a prefilter of selected two- to four-millimetre gravel and a bentonite and cement seal at the wellhead were used;
Water quality: the physical-chemical assumptions of the water were measured throughout the pumping test, recording values comparable with usable freshwater required for these types of projects, with an average electrical conductivity value of about 1,400 microsiemens per centimetre and a pH ranging from about 7.2 to 7.6 during the well test.
The RT-RG25-FW02 well is strategically located in the northern part of the project, within properties fully owned by NOA. This water source corresponds to one of three freshwater targets identified by the company within its properties on its Rio Grande project.
NOA's chief executive officer, Gabriel Rubacha, stated: "The completion of our first freshwater well is a major step forward in derisking the Rio Grande project. Access to a reliable and high-quality water source strengthens our operational readiness and supports our vision for sustainable development as we advance this project toward feasibility."
NOA is also pleased to announce that it continues to advance its preliminary economic assessment, which is expected to be completed during third quarter 2025.
About NOA Lithium Brines Inc.
NOA is a lithium exploration and development company formed to acquire assets with significant resource potential. All NOA's projects are located in the heart of the prolific Lithium Triangle, in the mining-friendly province of Salta, Argentina, near a multitude of projects and operations owned by some of the largest players in the lithium industry. NOA has rapidly consolidated one of the largest lithium brine claim portfolios in this region that is not owned by a producing company, with key positions on three prospective salars, being Rio Grande, Arizaro and Salinas Grandes and totalling over 140,000 hectares.
Qualified person
Michael Rosko, MSc, CPG of E.L. of Montgomery and Associates, is a registered geologist (CPG) in Arizona, California and Texas, and a registered member of the Society for Mining, Metallurgy and Exploration, and is a qualified person as defined by National Instrument 43-101. Mr. Rosko and hydrogeologists from M&A have been on site multiple times during the various phases of drilling and sampling operations. Mr. Rosko has extensive experience in salar environments and has been a QP on many lithium brine projects. Mr. Rosko and M&A are completely independent of NOA. Mr. Rosko has reviewed and approved the content of this news release.
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