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Surge Delivers Preliminary Economic Assessment For High-Grade Nevada North Lithium Project; After-Tax NPV8% US$9.21 Billion and After-Tax IRR of 22.8% OPEX of US$5,097/tonne LCE
NNLP PEA Highlights: After-tax NPV 8 % : US$9.21 Billion, IRR of 22.8% at US$24,000/t LCE...
About this update from Surge Battery Metals Inc
[{"type":"text","content":"Surge Delivers Preliminary Economic Assessment For High-Grade Nevada North Lithium Project; After-Tax NPV8% US$9.21 Billion and After-Tax IRR of 22.8% OPEX of US$5,097/tonne LCENNLP PEA Highlights:After-tax NPV8%: US$9.21 Billion, IRR of 22.8% at US$24,000/t LCE priceOperating cost (\"OPEX\"): US$5,097/t LCE Near-surface, high-grade mineralization provide Surge NNLP advantagePEA 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 LCEPeak Production of 109,100 tonnes LCE in Year 6Lithium Plant will be built in two phasesPhase 1 (\"P1\") Capital Cost (\"CAPEX\"): US$2.97 Billion, Phase 2 (\"P2\") CAPEX: US$2.35 Billion, total of US$5.30 BillionSustaining Capital: US$1.51 BillionAfter-tax payback: 4.7 yearsAverage 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. The PEA scenario envisions 2 phases over the initial 42-year mine life. Phase 1 includes 2.58 million tonnes per annum (\"Mtpa\") processing throughput doubling to 5.15 Mtpa in Phase 2, which comes online in Year 4 of production. A combination of the shallowest and highest lithium grades is prioritized for processing, resulting in a variable battery-grade lithium carbonate production that peaks in Year 6 at 109,100 tonnes LCE, and averages 86,300 tonnes/year LCE for a total of 3.63 million tonnes LCE over the LOM at a lithium recovery of 82.8%. The PEA is derived using the inferred Mineral Resource Estimate (\"MRE\") effective as of October 9, 2024 and completed by Dr. Bruce Davis (the \"MRE\"). The ef...