Lithium Nevada

Lithium Nevada

Lithium Nevada Corp.  – Lithium Nevada Project

Location

Humboldt County, northern Nevada

Property Size

~15,233ha

Lithium Mineral Resource Size

Mineral Resource Statement for the Stage I Lens (Effective Date May 31, 2016):

Category Quantity
(000’s t)
Lithium
Potassium
Sodium
Li% LCE Quantity
(000’s t)
K% Quantity
(000’s t)
Na% Quantity
(000’s t)
Measured 50,753 0.312 843 3.27 1,660 1.13 574
Indicated 164,046 0.285 2,489 3.07 5,036 1.04 1,706
Inferred 124,890 0.294 1,954 3.04 3,792 1.1 1,374

Notes:

  1. 1. Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resource will be converted into mineral reserves.
  2. 2. Resources presented at a Li% 0.20 cut-off grade which was determined using the following economic assumptions: US$3.36 Li carbonate/lb; 87.2% metallurgical recovery; US$66/tonne ore processed; US$2.75/tonne material moved.

Mineral Resource Statement for the Stage II Lens (Effective Date May 15, 2010):

Category Quantity
(000’s t)
Lithium
Potassium
Na%
F%
Li% LCE Quantity
(000’s t)
K% Quantity
(000’s t)
Indicated 95,000 0.27 1,365 3.66 3,477 1.55 0.57
Inferred 47,000 0.26 650 3.83 1,800 1.43 0.58

Notes:

  1. 1. Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resource will be converted into mineral reserves.
  2.  2. Rounding errors may exist.
  3. 3. Contained metal does not allow for mine or metallurgical recovery. Tonnage factor used is 1.96 t/m3 .
  4. 4. Economic assumptions do not include any potassium credits.
  5. 5. Conversion factor for Li metal to lithium carbonate equivalent (LCE) used is 5.323. Economic assumptions for cut-off grade determination are: US$3.50 Li carbonate/lb; 60% metallurgical recovery; US$50/tonne ore processed; US$2.20/tonne material moved.

For additional details about the Lithium Nevada Project, please refer to the technical report entitled “Independent  Technical Report for the Lithium Nevada Property, Nevada, USA”, effective date May 31, 2016.

 

Infrastructure

  • – Paved highway to the site
  • – 115 kV power line over site
  • – Elevation 1500 m

 

Technical Report

Lithium Nevada Technical Report (PDF)

 

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