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Nevada Lithium trades up on release of PEA

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(Kitco News) - Nevada Lithium Resources (CSE:NVLH) released its preliminary economic assessment for its Bonnie Claire Lithium Project, located in Nye County, Nevada.

The company highlighted the following:

Average annual production of 32,300 tonnes of lithium carbonate 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 in contingency

Models used a lithium carbonate price of $13,400/tonne. The company 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 "...ESG characteristics that will be attractive to lithium end-users," wrote the company.

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

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

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