NOA Lithium Advances Towards 2025 Water Exploration at Rio Grande Project Drilling operations at the Company’s flagship Rio Grande Project are scheduled to commence within the next 20 days
NOA Lithium Advances Towards 2025 Water Exploration at Rio Grande Project
Drilling operations at the Company’s flagship Rio Grande Project are scheduled to
commence within the next 20 days
April 7, 202 5, BUENOS AIRES, ARGENTINA – NOA Lithium Brines Inc. (TSXV:NOAL |
Frankfurt:N7N) (“NOA” or the “Company”) is pleased to announce that its drilling contractor has
mobilized it’s drilling rig for the Company’s upcoming 2025 water exploration campaign at its flagship
Rio Grande Project in Salta Province, Argentina. Drilling operations are scheduled to commence
within the next 20 days. As part of this program, NOA is pleased to report that s ite preparation
activities are already underway to ensure the contractor can begin drilling on schedule.
NOA’s Chief Executive Officer Gabriel Rubacha states: “Geophysical surveys across our Rio
Grande properties have already identified zones with high potential for water resources. Launching
this campaign marks a major milestone for the Company, as it will provide essential data to support
the Preliminary Economic Assessment (PEA), which we expect to award in the near term. This work
will be key in advancing an objective valuation of Rio Grande’s development potential.”
The Rio Grande Project is NOA's flagship asset, with a resource of approximately 4.7 million tons of
lithium carbonate equivalent (LCE) at an average lithium concentration of 525 milligrams per litre. In
December 2024, NOA completed final property payments on its Rio Grande Project, securing 100%
ownership of all claims within this project (for further details on this matter see the Company’s news
release dated December 16, 2024). The current water exploration initiative represents an important
step in the development sequence of the Rio Grande Project , building upon previous drilling and
technical work.
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 mul titude 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.
On Behalf of the Board of Directors,
Gabriel Rubacha
Chief Executive Officer and Director
NEWS RELEASE
For Further Information
Website: www.noalithium.com
Email: [email protected]
Telephone: +54-9-11-5060-4709
Alternative Telephone: +1-403-571-8013
Qualified Person
David O’Connor P.Geo., is the Qualified Person as defined by National Instrument 43 -101 –
Standards of Disclosure for Mineral Projects, and he has reviewed and approved the scientific and
technical information in this news release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and other statements that are not historical
facts. Forward -looking statements are often identified by terms such as “will”, “may”, “should”,
“anticipate”, “expects” and similar expressions. All statements other than statements of historical
fact, included in this news release are forward -looking statements that involve risks and
uncertainties. There can be no assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those anticipated in such statements. Important
factors that could cause actual results to differ materially from the Company’s expectations in clude
the results of further brine process testing and exploration and other risks detailed from time to time
in the filings made by the Company with securities regulators. The reader is cautioned that
assumptions used in the preparation of any forward -looking information may prove to be incorrect.
Events or circumstances may cause actual results to differ materially from those predicted, as a
result of numerous known and unknown risks, uncertainties, and other factors, many of which are
beyond the control of the Company. The reader is cautioned not to place undue reliance on any
forward-looking information. Such information, although considered reasonable by management at
the time of preparation, may prove to be incorrect and actual results may differ materially from those
anticipated. Forward-looking statements contained in this news release are expressly qualified by
this cautionary statement. The forward-looking statements contained in this news release are made
as of the date of this news release and the Company will update or revise publicly any of the included
forward-looking statements as expressly required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release. No securities regulatory authority has reviewed nor accepts responsibility for
the adequacy or accuracy of the content of this news release.