Surge Battery Metals unearths highest-grade lithium resource in the US – PDAC 2024

–News Direct–

Surge Battery Metals Inc (TSX-V:NILI, OTCQX:NILIF) CEO Greg Reimer discusses the company's Nevada North Lithium Project with Proactive's Angela Harmantas at PDAC 2024. The project, located in northeastern Nevada, focuses on a lithium clay deposit.

Following surface sampling in 2021 and 2022, and drilling in 2022 and 2023, the company has published its maiden mineral resource estimate. This estimate revealed a substantial resource of 4.7 million tonnes at 2,900 parts per million, including a high-grade segment of 4.1 million tonnes at approximately 3,100 parts per million, making it the largest and highest-grade lithium resource in the United States.

The company anticipates announcing optimisations to the lithium extraction process in collaboration with Dr Vijay Mehta, a noted expert in lithium processing, and Cameco consultants.

Further developments include a spring and summer drilling program aimed at increasing resource size and grade, and a preliminary economic assessment scheduled for late fall. The company is also expanding its exploration scope with the Bureau of Land Management, seeking approval for a 250-acre drilling operation.

Reimer emphasized the shallow depth (within 250 feet of the surface) of the high-grade resource, potentially enhancing the project's economic feasibility.

Contact Details

Proactive North America

Proactive North America

+1 604-688-8158

NA-editorial@proactiveinvestors.com

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Surge Battery Metals Inc

COMTEX_449451649/2655/2024-03-18T12:48:34