Noram Lithium Engages Ausenco to Complete the Pre- Feasiblity Study FOR the ZEUS Lithium Project
Noram Lithium Corp.
Suite 2150 – 555 West Hastings Street
Vancouver BC V6B 4N6
T: 604.553.2279
NORAM LITHIUM ENGAGES AUSENCO TO COMPLETE THE PRE-
FEASIBLITY STUDY FOR THE ZEUS LITHIUM PROJECT
Vancouver, British Columbia – April 11, 2023 – Noram Lithium Corp. (“ Noram” or the
“Company”) (TSX V: NRM | OTCQB: NRVTF | Frankfurt: N7R) announces it has engaged
Ausenco Engineering Canada Inc. (“Ausenco”) to lead the Pre-Feasibility Study (“PFS”) of its
100% owned Zeus Lithium Project (“Zeus” or the “Project”) in Clayton Valley, Nevada.
The Company recently engaged SRK Consulting Inc (“SRK”) to produce an optimized mine plan
for Zeus (see news release dated February 7, 2023) and initiated a further round of metallurgical
testing with Kemetco Research Inc (“Kemetco”) to confirm and refine the process design for the
Project (see news release dated February 14, 2023). Both of these ongoing work streams will form
the basis of the PFS, now being managed by Ausenco.
The PFS will consist of two phases of work, as follows:
• Phase 1: Complete an updated business case assessment and series of trade off
studies to incorporate the latest metallurgical test work and key flowsheet decisions
in the Project . These include beneficiation , leaching optimization and acid plant
optimization.
• Phase 2: Develop a PFS technical report in accordance with NI 43-101 for an open-
pit mine and hydrometallurgical processing facility producing battery grade lithium
carbonate at the Project site in Nevada.
“We are pleased to be partnering with Ausenco to continue to advance and de -risk the Zeus
Lithium Project,” stated Greg McCunn, Noram’s CEO. “The appointment of Ausenco marks a key
milestone in the development of the project as we move Zeus, one of the largest lithium resources
in North America, towards commercial production. Ausenco has a strong reputation in the global
mining sector with a proven track record of delivering rigorous technical studies and executing
successful projects.”
About Ausenco
Ausenco is a global engineering consulting firm with i ts team based across 26 offices in 14
countries, with completed projects in over 80 locations worldwide. Combining a deep technical
expertise with a 30 -year track record, Ausenco provides innovative, value -add consulting and
engineering studies and project delivery, asset operations and maintenance solutions to the mining
& metals, oil & gas and industrial sectors.
About Noram Lithium Corp.
Noram Lithium Corp. (TSXV: NRM | OTCQB: NRVTF | Frankfurt: N7R) is focusing on
advancing its 100%-owned Zeus Lithium Project located in Clayton Valley, Nevada an emerging
lithium hub within the United States. With the upsurge in the electric vehicle and energy storage
markets the Company aims to become a key participant in the domestic supply of lithium in the
United States. The Company is committed to creating shareholder value thr ough the strategic
allocation of capital and is well-funded with approximately CAD$14 million in cash on December
31, 2022 and no debt.
About the Zeus Project (100% Noram)
The Zeus Lithium Project contains a Measured and Indicated Resource estimate of 5.2 Mt Lithium
Carbonate Equivalent (“LCE”, 1034 Mt at 941 ppm lithium), and an additional Inferred resource
estimate of 1.1 Mt LCE (235 Mt at 871 ppm lithium) utilizing a 400 ppm Li cut-off1.
Please visit our web site for further information: www.noramlithiumcorp.com.
Qualified Person
The technical information contained in this news release has been reviewed and approved by Brad
Peek, M.Sc., CPG, who is a Qualified Person with respect to Noram’s Clayton Valley Lithium
Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects ,
and also Vice President of Exploration for Noram.
ON BEHALF OF THE BOARD OF DIRECTORS
Sandy MacDougall
Founder and Executive Chairman
C: 778.999.2159
For additional information please contact:
Greg McCunn
Chief Executive Officer
C: 778.991.3798
Footnote
1 Updated Resource Estimate Zeus Project, ABH Engineering (December 2022).
Cautionary Statement Regarding Forward Looking Information
This news release may contain forward-looking information which is not comprised of historical facts. Forward-looking information involves risks,
uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ m aterially from those
expressed or implied by such forward-looking information. Forward-looking information in this news release includes statements regarding, among
other things, the results from this round of test work will confirm the Company’s ability to recover high -purity lithium carbonate from Zeus
mineralized material. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited
to, regulatory approval processes. Although Noram believes that the assumptions used in preparing the forward-looking information in this news
release are reasonable, including that all necessary regulatory approvals will be obtained in a timely manner, undue reliance should not be placed
on such information, which only applies as of the date of this news release, and no assuranc e can be given that such events will occur in the
disclosed time frames or at all. Noram disclaims any intention or obligation to update or revise any forward -looking information, whether as a
result of new information, future events or otherwise, other than as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Ven ture Exchange)
accepts responsibility for the adequacy or accuracy of this release.