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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

1.78 MT LCE Measured + Indicated2

(363.13 MT at average grade of 923ppm)

3.90 MT LCE Inferred2

(827.22 MT at average grade of 884ppm)

* Modelled Price $14,250/tonne LCE in PEA
1 Preliminary Economic Assessment Zeus Project, December 2021 ABH Engineering
2 Mineral Resources are reported in the August 16, 2021 NI 43-101 Technical Report at a cut-off Li grade of 400ppm
Note: LCE: Lithium Carbonate Equivalent
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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

1.78 MT LCE Measured + Indicated2

(363.13 MT at average grade of 923ppm)

3.90 MT LCE Inferred2

(827.22 MT at average grade of 884ppm)

* Modelled Price $14,250/tonne LCE in PEA
1 Preliminary Economic Assessment Zeus Project, December 2021 ABH Engineering
2 Mineral Resources are reported in the August 16, 2021 NI 43-101 Technical Report at a cut-off Li grade of 400ppm
Note: LCE: Lithium Carbonate Equivalent

ZEUS PROJECT

Clayton Valley, Nevada

Recent News

May 26 2022
Noram Receives Results For CVZ-71: High-grade Intercept of 280.0 ft (85.3 m) Averaging 1050 ppm & High of 1560 ppm
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Noram Completes Major Milestone: Infill Drill Program For Pre-Feasiblity Study Completion And Commencement Of Plan Of Operations
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May 5 2022
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