CSE: NVLH, FSE: 87K

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2022

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CSE: NVLH, FSE: 87K

Nevada Lithium Resources Inc is exploring and developing what is one of the largest lithium deposits in North America**: the domestic Bonnie Claire Project.

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Suite 1570 - 505 Burrard Street
One Bentall Centre
Vancouver, BC, V7X 1M5
Canada
email@nvlithium.com
Phone: (604) 416-4099

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**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.”

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Company
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Lith. 101
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CSE: NVLH, FSE: 87K

Suite 1570 - 505 Burrard Street
One Bentall Centre
Vancouver, BC, V7X 1M5
Canada
email@nvlithium.com
Phone: (604) 416-4099

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