Noram Lithium Corp. (TSX - Venture: NRM / OTCQB: NRVTF / Frankfurt: N7R) is a well financed (>$17M in cash) Canadian based junior exploration and development company focused on advancing its Zeus Lithium Project to production in Nevada. The Company’s high-grade Zeus Lithium Project (“Zeus”) in Clayton Valley, Nevada has an updated NI 43-101 Technical Report highlighting a resource estimate (September 2021) of 363 million tonnes at 923 ppm lithium Measured & Indicated resources, and 827 million tonnes at 884 ppm lithium Inferred resources (400 ppm Li cut-off) and a completed a Preliminary Economic Assessment (December 2021).
Noram Lithium Corp. (TSX - Venture: NRM / OTCQB: NRVTF / Frankfurt: N7R) is a well financed (>$17M in cash) Canadian based junior exploration and development company focused on advancing its Zeus Lithium Project to production in Nevada. The Company’s high-grade Zeus Lithium Project (“Zeus”) in Clayton Valley, Nevada has an updated NI 43-101 Technical Report highlighting a resource estimate (September 2021) of 363 million tonnes at 923 ppm lithium Measured & Indicated resources, and 827 million tonnes at 884 ppm lithium Inferred resources (400 ppm Li cut-off) and a completed a Preliminary Economic Assessment (December 2021).
Noram Lithium Corp. (TSX - Venture: NRM / OTCQB: NRVTF / Frankfurt: N7R) is a well financed (>$17M in cash) Canadian based junior exploration and development company focused on advancing its Zeus Lithium Project to production in Nevada. The Company’s high-grade Zeus Lithium Project (“Zeus”) in Clayton Valley, Nevada has an updated NI 43-101 Technical Report highlighting a resource estimate (September 2021) of 363 million tonnes at 923 ppm lithium Measured & Indicated resources, and 827 million tonnes at 884 ppm lithium Inferred resources (400 ppm Li cut-off) and a completed a Preliminary Economic Assessment (December 2021).
Noram Lithium Corp. (TSX - Venture: NRM / OTCQB: NRVTF / Frankfurt: N7R) is a well financed (>$17M in cash) Canadian based junior exploration and development company focused on advancing its Zeus Lithium Project to production in Nevada. The Company’s high-grade Zeus Lithium Project (“Zeus”) in Clayton Valley, Nevada has an updated NI 43-101 Technical Report highlighting a resource estimate (September 2021) of 363 million tonnes at 923 ppm lithium Measured & Indicated resources, and 827 million tonnes at 884 ppm lithium Inferred resources (400 ppm Li cut-off) and a completed a Preliminary Economic Assessment (December 2021).
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 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