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Two Blokes Jun 9 -
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NNLP PEA Highlights: After-tax NPV 8% : US$9.21 Billion, IRR of 22.8% at US$24,000/t LCE price Operating cost ("OPEX"): US$5,097/t LCE Near-surface, high-grade mineralization provide Surge NNLP advantage PEA mine and processing plan produces 3.6 Mt battery-grade lithium carbonate equivalent ("LCE") over the 42-year life of mine ("LOM") Average Annual Production of 86,300 tonnes LCE Peak Production of 109,100 tonnes LCE in Year 6 Lithium Plant will be built in two phases Phase 1 ("P1") Capital Cost ("CAPEX"): US$2.97 Billion, Phase 2 ("P2") CAPEX: US$2.35 Billion, total of US$5.30 Billion Sustaining Capital: US$1.51 Billion After-tax payback: 4.7 years Average LOM annual after-tax cash flow: US$1.06 Billion West Vancouver, British Columbia--(Newsfile Corp. - June 9, 2025) - Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5) (the "Company" or "Surge") is pleased to report the results of its 2025 Preliminary Economic Assessment Study ("PEA") for the Nevada North Lithium Project ("NNLP") located in Elko County north-northeast of Wells, Nevada. The PEA, completed jointly by lead consultants M3 Engineering & Technology Corp. ("M3") and Independent Mining Consultants ("IMC"), confirms robust economics for a low-cost, large-scale and long-life conventional open pit and dry-stack tailings operation producing battery-grade lithium carbonate through on-site treatment of the mined material processed through a sulfuric acid leaching circuit.
