Exciting Lithium Recovery Milestone Achieved by Nevada Lithium

Metallurgical Progress at the Bonnie Claire Lithium Project

Nevada Lithium Resources Inc. is excited to share recent advancements in metallurgical processes at its completely owned Bonnie Claire lithium project. The project, located in a key mineral exploration region, is showing promising results as the company's dedicated team works tirelessly to optimize lithium recovery.

Significant Recovery Rates Confirmed

Recent tests indicate that over 95% lithium extraction can be achieved using a conceptual acid-leach process. This is an encouraging milestone that reflects the high-quality mineralization at Bonnie Claire. The test work is a collaboration between Fluor Enterprises, a renowned engineering firm, and Kemetco Research, highlighting the project’s viability and potential to contribute significantly to the lithium market.

A Closer Look at Test Work

The metallurgical program has been specifically designed to assess various parameters crucial for improving lithium extraction efficiency. The focus has been on the development of a tailored process that utilizes sulfuric acid effectively while ensuring high recovery rates.

Expert Analysis on Initial Success

Stephen Rentschler, CEO of Nevada Lithium, noted, "The quality of work provided by Fluor and Kemetco is remarkable. The initial results confirming high lithium and boron recovery rates are not only validating past test analyses but also placing us favorably within industry standards. We anticipate continued progress as we refine our processes."

Additional Revenue Streams from Boric Acid Production

One of the attractive aspects of the Bonnie Claire Project is the ability to produce boric acid as a byproduct alongside lithium extraction. This dual revenue stream can significantly enhance the project's overall economic performance, making it more appealing to investors and stakeholders.

Environmental Advantages through Innovative Solutions

Initial assessments suggest that the Bonnie Claire Project may have the potential to sustain much of its energy requirements through advancements in steam turbine technology. This can lead to reduced reliance on the external power grid and aligns with environmentally sound practices by minimizing carbon footprints.

Understanding Project Resources

The Bonnie Claire deposit has been separated into two primary zones. The Lower Zone offers an Indicated Resource of 275.85 million tonnes with substantial lithium and boron concentrations. Meanwhile, the Upper Zone also presents promising figures that support the ongoing exploration and assessment of mineral resources.

Engagements with Industry Leaders

Fluor is recognized globally for its impactful contributions to substantial lithium initiatives. Their involvement at Bonnie Claire underscores the rising recognition of this project as a critical player for lithium and boron production on the global stage.

Upcoming Developments and Future Plans

The ongoing test work is set to conclude in the near future, with expectations of incorporating these findings into an updated Preliminary Economic Assessment (PEA). This assessment will provide a deeper insights into the financial viability and operational outlook for the Bonnie Claire Project.

Key Collaborators in the Project

Global Resource Engineering (GRE) has been selected to lead the updated PEA, leveraging its expertise from previous assessments. Their work will encompass metallurgy, capital, and exploration expenses, ensuring that all angles are meticulously covered.

Engaging with the Community and Stakeholders

Nevada Lithium values transparency and community engagement, distributing regular updates through various platforms. Those interested in learning more can easily follow along with the company’s progress and insights through their website.

Frequently Asked Questions

What is the key finding from the recent test work at Bonnie Claire?

The key finding is that over 95% lithium extraction can be achieved through a conceptual acid-leach process, showcasing the project's potential.

Who are the key partners involved in the Bonnie Claire Project?

Nevada Lithium collaborates with Fluor Enterprises and Kemetco Research for metallurgical testing and process design.

What additional revenue opportunities are present at the project?

The production of boric acid alongside lithium offers an additional revenue stream, enhancing overall project viability.

When is the updated Preliminary Economic Assessment expected?

The updated PEA is anticipated to be completed in late April 2025, incorporating the latest test work results.

What resources are available at the Bonnie Claire Project?

The project includes significant lithium and boron resources split across two zones, enhancing the potential for successful mineral extraction.

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