Surge Battery Metals Achieves Successful Lithium Clay Beneficiation with Nevada North Project Sample Resulting in a 25% Lithium Grade Increase
Surge Battery Metals Achieves Successful
Lithium Clay Beneficiation with Nevada North
Project Sample Resulting in a 25% Lithium
Grade Increase
West Vancouver, British Columbia--(Newsfile Corp. - October 29, 2024) - Surge Battery Metals Inc.
(TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5) (the "
Company
" or "
Surge
") is pleased to report that test
work performed at Sepro Mineral Systems (Sepro) in conjunction with Kemetco Research, using a lab-
scale Falcon Continuous (C) Concentrator, has resulted in a 25% boost in the lithium grade while
retaining 87% of the lithium for the Nevada North Lithium Project (NNLP) lithium claystone sample
provided. This was achieved using a representative sample of the CU3 layer with a calculated head
grade of 4,105 ppm Li, which the testing demonstrated can be upgraded to an assayed 5,124ppm Li.
Mr. Greg Reimer, Chief Executive Officer and Director, commented,
"Nevada North is already
home to the highest-grade lithium clay resource in the USA. The ability to economically upgrade our
mineralization boosts our confidence that the NNLP could emerge as a major producer of low-cost,
battery-grade lithium for the U.S. domestic battery market. We look forward to incorporating these results
in our Preliminary Economic Assessment (PEA) scheduled for release in Q1 2025 which will incorporate
a similar flowsheet to our closest claystone peer. As we advance towards a feasibility study, we are
focused on further optimizing this critical stage of our process."
Since engaging M3 Engineering for the NNLP Preliminary Economic Assessment, Surge has continued
test work on mineral processing and metallurgical techniques to increase efficiencies and reduce costs.
The leaching of lithium claystones represents the highest-cost single input for the lithium recovery
process. Increasing the NNLP lithium grades during mineral processing prior to leaching can reduce this
cost significantly in future operations.
The Company engaged Sepro to test the effectiveness of a beneficiation process using a Falcon C
Concentrator. This process, which could be incorporated into the plant design and has demonstrated
potential for scalability, processes mineral slurries to reject gangue (waste) minerals thereby increasing
the concentration of desirable minerals by exploiting differences in particle sizes and densities through a
gravity separation-based mechanism. The Falcon C Concentrator, often utilized for the recovery of
valuable fine particles such as lithium clays, was able to reject enough low-lithium-grade in the remaining
high-Li mass of the sample tested to increase the grade by 25%.
Continued work and improvement of this beneficiation process is planned for 2025, including parameter
optimization in addition to testing the process on various feed grades and a mine representative bulk
sample.
Qualified Person as Defined Under National Instrument 43-101
Alan J. Morris, MSc, CPG of Spring Creek, Nevada, a Qualified Person as defined under National
Instrument 43-101 has reviewed and approved the technical aspects of this news release.
About Surge Battery Metals Inc.
Surge Battery Metals, a Canadian-based mineral exploration company, is at the forefront of securing the
supply of domestic lithium through its active engagement in the Nevada North Lithium Project. The
project focuses on exploring clean, high-grade lithium energy metals in Nevada, USA, a crucial element
for powering the electric vehicles of tomorrow. With a primary listing on the TSX Venture Exchange in
Canada and the OTCQX Market in the US, Surge Battery Metals Inc. is strategically positioned as a key
player in advancing lithium exploration, contributing significantly to the sustainable future of the electric
vehicle industry. At Surge Battery Metals, we are not just exploring minerals; we are pioneering the path
to a cleaner and more sustainable future, driving innovation in the lithium sector, and contributing to the
evolution of the electric vehicle industry.
About the Nevada North Lithium Project
The Company owns the
Nevada North Lithium Project
located in the Granite Range southeast of
Jackpot, Nevada about 73 km north-northeast of Wells, Elko County, Nevada. The first three rounds of
drilling, completed in 2022, 2023, and 2024, identified a strongly mineralized zone of lithium bearing
clays occupying a strike length of more than 4,300 meters and a known width of greater than 1500
meters. Highly anomalous soil values and geophysical surveys suggest there is potential for the clay
horizons to be much greater in extent, while wide drill spacing allows for significant upside to occur
during infill drilling. The Nevada North Lithium Project has a pit-constrained Inferred Resource containing
an estimated 8.65 Mt of Lithium Carbonate Equivalent (LCE) grading 2,951 ppm Li at a 1,250 ppm
cutoff.
Keep up-to-date with Surge Battery Metals on
,
,
,
and
YouTube
.
On behalf of the Board of Directors
"Greg Reimer"
Greg Reimer,
President & CEO
Contact Information
Email :
Phone : 778-945-2656
Website:
surgebatterymetals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This document may contain certain "Forward-Looking Statements" within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When
used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan" or
"planned", "possible", "potential", "forecast", "intend", "may", "schedule" and similar words or
expressions identify forward-looking statements or information. These forward-looking statements or
information may relate to future prices of commodities including lithium and nickel, the accuracy of
mineral or resource exploration activity, reserves or resources, regulatory or government requirements or
approvals including approvals of title and mining rights or licenses and environmental, local community or
indigenous community approvals, the reliability of third party information, continued access to mineral
properties or infrastructure or water, changes in laws, rules and regulations including in the United
States, Nevada or California or any other jurisdiction which may impact upon the Company or its
properties or the commercial exploitation of those properties, currency risks including the exchange rate
of USD$ for Cdn$ or other currencies, fluctuations in the market for lithium related products, changes in
exploration costs and government royalties, export policies or taxes in the United States or any other
jurisdiction and other factors or information. The Company's current plans, expectations, and intentions
with respect to development of its business and of its Nevada properties may be impacted by economic
uncertainties arising out of any pandemic or by the impact of current financial and other market
conditions (including US government subsidies or incentives) on its ability to secure further financing or
funding of its Nevada properties. Such statements represent the Company's current views with respect
to future events and are necessarily based upon several assumptions and estimates that, while
considered reasonable by the Company, are inherently subject to significant business, economic,
competitive, political, environmental (including endangered species, habitat preservation and water
related risks) and social risks, contingencies, and uncertainties. Many factors, both known and unknown,
could cause results, performance, or achievements to be materially different from the results,
performance or achievements that are or may be expressed or implied by such forward-looking
statements. The Company does not intend, and does not assume any obligation, to update these
forward-looking statements or information to reflect changes in assumptions or changes in
circumstances or any other events affecting such statements and information other than as required by
applicable laws, rules, and regulations.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/228123