Bonnie Claire Program Designed To Support PFS

VANCOUVER - Nevada Lithium Resources Inc. announced that drilling of the Bonnie Claire lithium project has commenced. The 2023 drill program is part of the overall work program designed to support a Pre-Feasibility Study (PFS), building upon the NI 43-101 Preliminary Economic Assessment for Bonnie Claire. The PEA indicates a Net Present Value (8%) of $1.5 Billion USD and 23.8% IRR (both after tax) using a $13,400 USD per tonne LCE price.

CEO, Stephen Rentschler, said, "We are pleased to report that Major Drilling Group International, Inc. has advised us that the first core hole of the 2023 program is now underway at Bonnie Claire. Data from this drill program will play a pivotal role for completion of the Company's PFS. The data will also be used to optimize the Company's newly funded brine exploration program. This drilling program is additive to the ongoing metallurgical, geologic, and geophysical work now advancing the Project."