Proposed Divestment Projects

Lida Project (Nevada, USA) – 60%

The Lida project (“Lida”) is located in the Lida Valley, Esmeralda County, Nevada and comprises of 250 Claims covering 2,090 ha. Lida was acquired by claim staking BLM Land and is prospective for claystone-hosted lithium mineralisation. Lida is adjacent to Nevada Sunrise’s Metals Corp. (TSXV: NEV) Gemini Lithium Project, which has reported an inferred NI43-101 mineral resource of 1,183MT at 1,132 ppm Li for 7.1MT LCE. 

Amargosa Project  (Nevada, USA) – 60%

The Amargosa project (“Amargosa”) is located in the Amargosa Desert, Nye County, Nevada and comprises of 300 Claims covering 2,510 ha. Armargosa was acquired by claim staking BLM Land and is prospective for claystone-hosted lithium mineralisation.

Nyamukono Project (Zimbabwe) – 95%

The Nyamukono project (“Nyamukono”) is located within the Mutoko pegmatite belt within the Archaean aged Makati-Makaha Greenstone belt in north-eastern Zimbabwe. Nyamukono comprises of 45 granted exploration licenses and is prospective for hard rock lithium. The Mutoko Pegmatite Belt is host to numerous LCT-pegmatites that have in the past produced significant quantities of beryl, mica and columbo-tantalite concentrates along with minor lithium minerals.

Note:

1. NEV exploration results are not JORC 2012 compliant and do not guarantee similar results at Lida. Refer to NEV company announcement dated 24 May 2023 for further details.