Bonnie Claire Project
Massive lithium deposit
and land package
MRE : Mineral Resource EstiMAte
18.37M
tonnes of battery grade lithium carbonate equivalent (LCE; inferred)
18,300
acre land package (74.1 km²; 28.6 mi ²) with 915 Placer claims; paved highway access
World’s 3rd largest
Additional exploration upside
* Click here for Footnotes on PEA and LCE Mineral Resource.
Footnotes
Preliminary Economic Assessment NI 43-101 Technical Report, Bonnie Claire Lithium Project, Nye County, Nevada” (Effective Date: August 20, 2021 Revised and Amended February 25, 2022). The Qualified Person for the mineral resource estimate is Terre Lane of Global Resource Engineering Ltd., of Denver, CO, USA. The estimate is based on an assumed lithium price of 13,400 $/tonne Li₂C0₃, a cut-off grade of 700 ppm Li, and Li₂C0₃ to lithium ratio of 5.323. The borehole constraint assumes a 68%mining recovery and 5%dilution. Numbers have been rounded to reflect the accuracy of the estimate and may not sum due to rounding. Mineral resources are not mineral reserves as they do not have demonstrated economic viability. It is reasonably expected that the majority of the Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration. There is no certainty that all or any part of the Mineral Resources will be converted into Mineral Reserves. The technical report is filed, as required by NI 43-101, on the Company’s SEDAR+ profile at www.sedarplus.ca.
The Preliminary Economic Assessment is preliminary in nature, and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized.
¹ Ranked: World’s largest clay and hard rock lithium projects. Mining.com Aug 10, 2023.
PEA Highlights (2021 – $USD)
BASE CASE: $13,400 LCE
$1.5B
NPV (8%) after-tax
23.8%
IRR after-tax
$6,057
AISC (all in sustaining cost) per tonne LCE
AT $3O,OOO LCE
$5.9B
NPV (8%) after-tax
60.3%
IRR after-tax
40
year mine life
32,300
tonnes LCE per year (on avg)
$547M
* Click here for Footnotes on PEA and LCE Mineral Resource.
Footnotes
Preliminary Economic Assessment NI 43-101 Technical Report, Bonnie Claire Lithium Project, Nye County, Nevada” (Effective Date: August 20, 2021 Revised and Amended February 25, 2022). The Qualified Person for the mineral resource estimate is Terre Lane of Global Resource Engineering Ltd., of Denver, CO, USA. The estimate is based on an assumed lithium price of 13,400 $/tonne Li₂C0₃, a cut-off grade of 700 ppm Li, and Li₂C0₃ to lithium ratio of 5.323. The borehole constraint assumes a 68%mining recovery and 5%dilution. Numbers have been rounded to reflect the accuracy of the estimate and may not sum due to rounding. Mineral resources are not mineral reserves as they do not have demonstrated economic viability. It is reasonably expected that the majority of the Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration. There is no certainty that all or any part of the Mineral Resources will be converted into Mineral Reserves. The technical report is filed, as required by NI 43-101, on the Company’s SEDAR+ profile at www.sedarplus.ca.
The Preliminary Economic Assessment is preliminary in nature, and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized.
Mineral Resource Estimate
18.37M tonnes LCE current resource with significant
upside potential
18.37M
tonnes LCE
(Li carbonate equivalent)
Inferred
3.41M
tonnes Mass
1,013.0
ID2 L Grade
(Ppm)
3.45M
kg Lithium
Advanced Metallurgy
Battery grade Lithium Carbonate with tested purity > 99% ¹
* Click here for Footnotes on PEA and LCE Mineral Resource.
Footnotes
Preliminary Economic Assessment NI 43-101 Technical Report, Bonnie Claire Lithium Project, Nye County, Nevada” (Effective Date: August 20, 2021 Revised and Amended February 25, 2022). The Qualified Person for the mineral resource estimate is Terre Lane of Global Resource Engineering Ltd., of Denver, CO, USA. The estimate is based on an assumed lithium price of 13,400 $/tonne Li₂C0₃, a cut-off grade of 700 ppm Li, and Li₂C0₃ to lithium ratio of 5.323. The borehole constraint assumes a 68%mining recovery and 5%dilution. Numbers have been rounded to reflect the accuracy of the estimate and may not sum due to rounding. Mineral resources are not mineral reserves as they do not have demonstrated economic viability. It is reasonably expected that the majority of the Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration. There is no certainty that all or any part of the Mineral Resources will be converted into Mineral Reserves. The technical report is filed, as required by NI 43-101, on the Company’s SEDAR+ profile at www.sedarplus.ca.
The Preliminary Economic Assessment is preliminary in nature, and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized.
¹ Click here to view Press Release dated February 27, 2023 for more information on metallurgy results.
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Primed for success
Access to infrastucture
Easy access
Year-round access via US Highway 95 and asphalt roads.
Power
Equipment and Labor
Oustanding ESG Profile
No sulphuric acid
- Recovery method uses heat and reagents
- No acid tailings drainage
Access to alternative energy
- Solar
- Wind
- Hydro
Near to end-users
- Bonnie Claire will deliver a finished lithium product directly to battery makers
- No shipping to Chinese upgraders
2022 drill program highlights
Returned highest grades encountered to date
Bonnie Claire sediment deposition
Tremendous intercepts to depth and expansive lateral deposition
Project Reports
NI-43-101 Technical Report: Preliminary Economic Assessment (PEA)
Effective Date: August 20, 2021
Revised and Amended Date: February 25, 2022
Recent Project News
Nevada Lithium Intersects 3076 ppm Lithium over 1100ft (335 m) within 2219 ppm Lithium over 1740 ft (530 m), Significantly Extending High Grade Mineralization at the Bonnie Claire Lithium Project, Nevada
Nevada Lithium Commences Sonic Drilling at 100% Owned Bonnie Claire Lithium Project, Nevada
Nevada Lithium Commences Seismic Reflection Survey at 100% Owned Bonnie Claire Lithium Project, Nevada
Nevada Lithium Commences 2023 Diamond Drill Program at 100% Owned Bonnie Claire Lithium Project, Nevada
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