Nevada Lithium

Bonnie Claire Project

“The US currently produces 2% of its required lithium. As the demand increases, a domestic source is required.”
– Powermag.com, Nov. 2020

0 Acres

very large project area
(74.1 km2; 28.6 mi2)

0 Mt

Lithium Carbonate Equivalent*

Up to 0 ppm

High lithium grades returned from drill results

ClassExtraction Method Applied For ConstraintMass (Million Tonnes)ID2 Li Grade (ppm)Li (Million kg)Li Carbonate Equivalent (Million kg)
Inferred Borehole 3,407.3 1,013.0 3,451.5 18,372.3

Source: “Preliminary Economic Assessment NI 43-101 Technical Report, Bonnie Claire Lithium Project, Nye County, Nevada” (Effective date of August 20, 2021, and Issue date of September 23, 2021). The Qualified Person for the mineral resource estimate is Terre Lane of Global Resource Engineering Ltd., of Denver, CO, USA. The estimate is based on an assumed lithium price of 13,400 $/tonne Li2C03, a cut-off grade of 700 ppm Li, and Li2C03 to lithium ratio of 5.323. The borehole constraint assumes a 68% mining recovery and 5% dilution. Numbers have been rounded to reflect the accuracy of the estimate and may not sum due to rounding. Mineral resources are not mineral reserves as they do not have demonstrated economic viability. It is reasonably expected that the majority of the Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration. There is no certainty that all or any part of the Mineral Resources will be converted into Mineral Reserves. The technical report is filed, as required by NI 43-101, on the Company’s SEDAR profile at www.sedar.com.”

"The project has the potential to be a major supplier of lithium products..."

– NI 43-101 report, 2021

Our core asset is a 50% earn-in interest in the highly prospective Bonnie Claire lithium project. Nevada Lithium Resources currently owns 20% of the project. 

This domestic project in Nevada covers an area 1.25x the size of Manhattan Island. Bonnie Claire is an hour’s drive from Albemarle’s Silver Peak Lithium operations. 

Bonnie Claire hosts significant lithium potential from lithium-bearing sediments and is one of the largest lithium deposits in North America. Further, large portions of the project remain to be explored, including lithium brine targets. 

Bonnie Claire’s sediment-hosted mineralization is potentially a key advantage over other projects in Nevada. Unlike Bonnie Claire, much of the lithium in Nevada is hosted in clays, which may be more difficult and costly to process.

Our next phase of drilling at Bonnie Claire will be designed to further delineate and upgrade current inferred resources to the indicated category, while also further evaluating the Project’s potential economic viability.

*Source: “Preliminary Economic Assessment NI 43-101 Technical Report, Bonnie Claire Lithium Project, Nye County, Nevada” (Effective date of August 20, 2021, and Issue date of September 23, 2021). The Qualified Person for the mineral resource estimate is Terre Lane of Global Resource Engineering Ltd., of Denver, CO, USA. The Mineral Resource estimate, based on borehole mining methods, is 3,407.3 Mt at 1,013 ppm Li (inferred) for 18.372 Mt of Lithium Carbonate Equivalent (LCE). The estimate is based on an assumed lithium price of 13,400 $/tonne Li2C03, a cut-off grade of 700 ppm Li, and Li2C03 to lithium ratio of 5.323. The borehole constraint assumes a 68% mining recovery and 5% dilution. Numbers have been rounded to reflect the accuracy of the estimate and may not sum due to rounding. Mineral resources are not mineral reserves as they do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources will be converted into Mineral Reserves. It is reasonably expected that the majority of the Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration. The technical report is filed, as required by NI 43-101, on the Company’s SEDAR profile at www.sedar.com.”

The technical information on this page have been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and reviewed on behalf of the Company by Mr. Darren L. Smith, M.Sc., P.Geo., Vice President of Exploration for the Company and Qualified Person. 

Nevada is becoming the center of the US domestic lithium supply.

Bonnie Claire Project

18.37 Mt Lithium Carbonate Equivalent*

Tesla Gigafactory

Growing local lithium demand [1]

Silver Peak Mine

Only current US lithium production [2]

Thacker Pass

One of the largest known lithium resources in the US [3]

Our core asset is a 50% earn-in interest in the highly prospective Bonnie Claire lithium project. Nevada Lithium Resources currently owns 20% of the project. 

This domestic project in Nevada covers an area 1.25x the size of Manhattan Island. Bonnie Claire is an hour’s drive from Albemarle’s Silver Peak Lithium operations. 

Bonnie Claire hosts significant lithium potential from lithium-bearing sediments and is one of the largest lithium deposits in North America. Further, large portions of the project remain to be explored, including lithium brine targets. 

Bonnie Claire’s sediment-hosted mineralization is potentially a key advantage over other projects in Nevada. Unlike Bonnie Claire, much of the lithium in Nevada is hosted in clays, which may be more difficult and costly to process.

Our next phase of drilling at Bonnie Claire will be designed to further delineate and upgrade current inferred resources to the indicated category, while also further evaluating the Project’s potential economic viability.

*Source: “Preliminary Economic Assessment NI 43-101 Technical Report, Bonnie Claire Lithium Project, Nye County, Nevada” (Effective date of August 20, 2021, and Issue date of September 23, 2021). The Qualified Person for the mineral resource estimate is Terre Lane of Global Resource Engineering Ltd., of Denver, CO, USA. The Mineral Resource estimate, based on borehole mining methods, is 3,407.3 Mt at 1,013 ppm Li (inferred) for 18.372 Mt of Lithium Carbonate Equivalent (LCE). The estimate is based on an assumed lithium price of 13,400 $/tonne Li2C03, a cut-off grade of 700 ppm Li, and Li2C03 to lithium ratio of 5.323. The borehole constraint assumes a 68% mining recovery and 5% dilution. Numbers have been rounded to reflect the accuracy of the estimate and may not sum due to rounding. Mineral resources are not mineral reserves as they do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources will be converted into Mineral Reserves. It is reasonably expected that the majority of the Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration. The technical report is filed, as required by NI 43-101, on the Company’s SEDAR profile at www.sedar.com.”

The technical information on this page have been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and reviewed on behalf of the Company by Mr. Darren L. Smith, M.Sc., P.Geo., Vice President of Exploration for the Company and Qualified Person. 

Nevada is becoming the center of the US domestic lithium supply.

Bonnie Claire Project

18.37 Mt Lithium Carbonate Equivalent*

Tesla Gigafactory

Growing local lithium demand [1]

Silver Peak Mine

Only current US lithium production [2]

Thacker Pass

One of the largest known lithium resources in the US [3]

  1. https://www.blm.gov/programs/energy-and-minerals/mining-and-minerals/about/nevada

The technical information in this presentation has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and reviewed on behalf of the Company by Mr. Darren L. Smith, M.Sc., P.Geo., Vice President of Exploration for the Company and Qualified Person.

CSE: NVLH, FSE: 87K