Nevada Lithium trades up on release of PEA

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(Kitco News) - Nevada Lithium Resources (CSE:NVLH) released its preliminaryeconomic assessment for its Bonnie Claire Lithium Project, located in NyeCounty, Nevada.

The company highlighted the following:

Average annual production of 32,300 tonnes of lithiumcarbonate equivalent (LCE)
23.8% after-tax internal rate of return (IRR)
$1.5 billion after-tax net present value (NPV) at an 8%discount rate
Upfront Capital costs of $547M, which includes $126M incontingency

Models used a lithium carbonate price of $13,400/tonne. Thecompany was up 30% to 47 cents as of 2 p.m. ET.

The company said recovery may be environmentally friendly,stating that potential mining and recovery methods have "...ESGcharacteristics that will be attractive to lithium end-users," wrote thecompany.

In September another lithium developer in Nevada, ioneer,announced that it won't need to draw electricity from the grid to producelithium. Heatfrom processing will produce steam for electricity and powerprocessing.

Sibanye-Stillwaterand ioneer recently announced a joint venture with Sibanye putting in $490million to advance the project.

By Michael McCrae

For Kitco News

Follow michaelmccraemmccrae@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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