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Zeus Lithium Project
Preliminary Economic Assessment

Robust Economics (After-Tax)*

US$2.67 Billion Net Present Value (NPV@8%)1

52% Internal Rate of Return (IRR)1

Low Operating Cost of US$3,355/tonne1

40 Year Mine Life1

Resource Estimate

5.17 MT LCE Measured + Indicated2

(1,034 MT at average grade of 941ppm)

1.09 MT LCE Inferred2

(235 MT at average grade of 871ppm)

* Modelled Price $14,250/tonne LCE in PEA
1 Preliminary Economic Assessment Zeus Project, December 2021 ABH Engineering
2 Mineral Resources are reported at a cut-off Li grade of 400ppm in the news release dated January 30, 2023 titled 'Noram Lithium Announces Significant Increase in Mineral Resources at the Zeus Lithium Deposit'
Note: LCE: Lithium Carbonate Equivalent
Corporate Presentation

Zeus Lithium Project
Preliminary Economic Assessment

Robust Economics (After-Tax)*

US$2.67 Billion Net Present Value (NPV@8%)1

52% Internal Rate of Return (IRR)1

Low Operating Cost of US$3,355/tonne1

40 Year Mine Life1

Resource Estimate

5.17 MT LCE Measured + Indicated2

(1,034 MT at average grade of 941ppm)

1.09 MT LCE Inferred2

(235 MT at average grade of 871ppm)

* Modelled Price $14,250/tonne LCE in PEA
1 Preliminary Economic Assessment Zeus Project, December 2021 ABH Engineering
2 Mineral Resources are reported at a cut-off Li grade of 400ppm in the news release dated January 30, 2023 titled 'Noram Lithium Announces Significant Increase in Mineral Resources at the Zeus Lithium Deposit'
Note: LCE: Lithium Carbonate Equivalent

Recent News

Mar 20 2023
Noram Lithium Files NI43-101 Technical Report for Zeus Lithium Project
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Mar 15 2023
Noram Lithium Announces Results from 2023 Annual General Meeting
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Feb 14 2023
Noram Lithium Announces a Further Metallurgical Test Work Program for the Zeus Lithium Project
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