Nevada Lithium Resources Inc., a company with a vision for the future of lithium resources, is thrilled to announce a significant update regarding its Bonnie Claire Lithium Project in Nye County, Nevada. The Mineral Resource Estimate prepared by Global Resource Engineering reveals impressive findings that indicate vast potential in the Lower Zone of the Project.
Here are the key points and highlights from this exciting development:
- Incredible Increase in Resources: The Lower Zone boasts an indicated resource of 275.85 million tonnes of lithium and boron, signaling a substantial increase in tonnage and grade. This positions Bonnie Claire as one of the largest lithium resources globally and among the highest-grade projects in Nevada.
- Promising Expansion Opportunities: The Lower Zone remains open for future resource expansion, presenting valuable growth opportunities for Nevada Lithium. With new drilling investigations revealing high-grade intervals exceeding 6,000ppm, the potential for further upgrades to indicated resources is significant.
- Unique Boron Resource Addition: For the first time, a significant high-grade boron resource has been uncovered, adding further value and diversification to the Project. This discovery enhances the overall potential and economic prospects of Bonnie Claire.
- Ongoing Work on Preliminary Economic Assessment (PEA): The updated Mineral Resource Estimate will fuel the development of an updated PEA, projected for completion by Q1 2025. This assessment will incorporate the latest tonnages and grades, providing a comprehensive overview of the Projectโs economic viability and potential.
Nevada Lithiumโs CEO, Stephen Rentschler, commends the technical team for their exceptional achievements in uncovering these valuable resources. Their dedication and expertise have led to a significant milestone that is expected to drive future growth and shareholder value.
Resource Breakdown:
- Lower Zone: Indicated resource of 275.85 Mt lithium and 275.85 Mt boron, with an inferred resource of 1,561.06 Mt lithium.
- Upper Zone: Indicated resource of 188.08 Mt lithium and 152.11 Mt boron, with an inferred resource of 451.10 Mt lithium and 270.53 Mt boron.
Mining Methods:
- Hydraulic Borehole Mining of Lower Zone: Kinley Exploration LLC evaluated an HBHM strategy for extracting lithium in the Lower Zone efficiently and cost-effectively. The process focuses on fluidity and minimal backfilling, enhancing productivity and resource recovery.
- Open Pit Mining of Upper Zone: The Upper Zone lends itself to conventional open-pit mining methods, utilizing equipment such as hydraulic shovels and haul trucks. Dewatering and stability considerations are crucial for safe and efficient operations.
Metallurgical Testing:
- Diverse Treatment Options: Varied mineral assemblages in the Upper and Lower Zones require different processing approaches. Tailored treatment methods for lithium and boron extraction have shown promising results, with high extraction rates achieved through innovative processes.
In conclusion, Nevada Lithiumโs progress at the Bonnie Claire Lithium Project reflects a significant step towards sustainable resource development and economic growth. The remarkable findings underscore the companyโs commitment to innovation and excellence in the lithium sector. Stay tuned for further updates on this exciting venture!
