Bonnie Claire Project
Massive lithium deposit
and land package
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
* Click here for Footnotes on Mar 31, 2025 Current Mineral Resource Estimate
2025 PEA Highlights (2025 – $USD)
AT $24,000 LCE
& $950 BORIC ACID
$6.8B
NPV (8%) after-tax^
32.3%
IRR after-tax^
2.8
year payback^
$6,800
operating cost/tonne Li₂CO₃
Includes Boric Acid by-product credit of $1,973/tonne
AT $30,000 LCE
& $950 BORIC ACID
$9.9B
NPV (8%) after-tax^
42.1%
IRR after-tax^
2.2
year payback^
61
year mine life^
62,354t
Li₂CO₃ per year (on avg)^
129,533t
boric acid per year (on avg)^
$2.1B
initial Capex incl. $354MM contingency^
^ The PEA is preliminary in nature and is based on numerous assumptions, and some Inferred mineral resources are used in the economic analysis. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. No mineral reserves have been estimated. There is no guarantee that Inferred resources can be converted to Indicated or Measured resources and, as such, there is no guarantee that the Project economics described herein will be achieved.
Bonnie Claire Project Borehole Mining Overview
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Primed for success
Access to infrastucture
Easy access
Year-round access via US State 95 and asphalt roads.
Power
Adjacent to existing power lines with potential to also leverage alternative energy sources.
Equipment and Labor
Close to towns that service Nevada’s mining industry.
Oustanding ESG Profile
Minimizes surface disturbance
- 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
Lower zone remains
open in 3 directions
Technical Report
Preliminary Economic Assessment NI 43-101 Technical Report – Bonnie Claire Lithium Project
Effective Date: March 31, 2025
Issue Date: September 8, 2025
Recent Project News
Independent Analysis Supports Hydraulic Borehole Mining Method Applicability for Bonnie Claire Lithium Project
Nevada Lithium Announces Rare Earth Elements Within its Bonnie Claire Lithium Project
Nevada Lithium Announces Robust Preliminary Economic Assessment, Reporting US$6.83 Billion After-Tax NPV, 32.3% After-Tax IRR & 2.8 Year Capital Payback for its High-Grade Bonnie Claire Lithium Project
Nevada Lithium files Technical Report for Bonnie Claire Project. Significantly Increases the Size and Grade of Lower Zone Inferred Lithium Mineral Resources, and Reports Maiden Lithium and Boron Indicated Resources.
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