Nevada Lithium Resources Inc. (TSXV: NVLH; OTCQB: NVLHF; FSE: 87K) (“Nevada Lithium” or the “Company”) is pleased to announce the results of an updated Preliminary Economic Assessment (“PEA”) on its 100% owned Bonnie Claire lithium project (the “Project” or “Bonnie Claire”), located in Nye County, Nevada.
The PEA has been prepared by Global Resource Engineering Ltd., (“GRE”) of Denver Colorado and Fluor Enterprises, Inc. (“Fluor”) of Greenville, South Carolina, with technical input from Kemetco Research Inc. (“Kemetco”) of Richmond, British Columbia, and Kinley Exploration LLC (“Kinley”) of Overland Park, Kansas. The PEA has an effective date of March 31, 2025. The PEA incorporates a new Mineral Resource Estimate (“Mineral Resource Estimate”), with an effective date of March 31, 2025. The Company will file an updated technical report with respect to the Project, prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101“) on its public SEDAR+ profile available at www.sedarplus.ca within 45 days of the date of this news release.
Nevada Lithium’s CEO, Stephen Rentschler, comments:
“We are pleased to release the results of an updated PEA that reflect the latest work on our lithium/boron project in Nevada. Over the last three years, with the discovery and expansion of the Project’s high-grade lithium/boron lower zone, our technical teams have generated an expanded understanding of the potential value at Bonnie Claire. This understanding is reflected in the results of the PEA we have announced today.
The PEA concludes that Bonnie Claire could produce more than 62,300 tonnes of lithium carbonate and 129,500 tonnes of boric acid annually, over a 61-year mine life. Bonnie Claire’s investment metrics show a 32.3% after tax IRR, a capital payback of 2.8 years, and a capital intensity of $34,080/tonne lithium carbonate. A $1,973/tonne boric acid by-product credit generates a $6,800/tonne lithium carbonate operating cost.”
He continued, “Bonnie Claire has emerged as one of the world’s largest and highest grade sedimentary hosted lithium and boron deposits, and remains open for expansion. The potential for even higher grades and volumes could positively impact the PEA economics already demonstrated. In addition, the Company has identified several areas for potential value enhancement, including ore beneficiation, additional critical minerals, and reagent pricing. New tax provisions in the recently passed US HR1 “One Big Beautiful Bill Act” could also potentially enhance the PEA investment metrics.
We remain focused on creating shareholder value with the next steps in the development of this asset, located in one of the world’s premier mining jurisdictions, Nevada, USA.”
Contine at Nevada Lithium
