- Iconic Minerals (ICM) and Nevada Lithium Resources (NVLH) have signed a letter of intent dated January 6, 2023
- Nevada Lithium and Iconic will consolidate 100 per cent interest in the Bonnie Claire Lithium project located in Nye County, Nevada
- Stephen Rentschler, CEO of Nevada Lithium, discussed the news with Sabrina Cuthbert
- Iconic Minerals is a mineral exploration company focused on acquiring and exploring gold and lithium properties in Nevada
- Iconic Minerals (ICM) opened trading at C$0.075
Iconic Minerals (ICM) and Nevada Lithium Resources (NVLH) have signed a letter of intent to consolidate 100 per cent interest in the Bonnie Claire Lithium project.
Stephen Rentschler, CEO of Nevada Lithium, discussed the news with Sabrina Cuthbert.
“Lithium remains a key commodity component of electric vehicles, and recent lithium prices reflect the outlook for persistent lithium supply deficits. Lithium Carbonate Equivalent (LCE) prices are now roughly five times higher than the assumed prices used in our Preliminary Economic Assessment, where at a base case pricing assumption of $13,500/ tonne LCE the Project returned an NPV of US$1.5 Billion (ATAX 8%). Recent 2022 drill program results have also returned the highest lithium values ever recorded at Bonnie Claire, including 3,079 ppm Li over 446 ft. (136 m) within a wider interval of 1,246 ppm Li over 1,994 ft (608 m)2. With a projected annual production rate of over 30,000 tonnes of LCE and a resource base that indicates the ability to upsize production further, Bonnie Claire has the potential to play a significant role in meeting global lithium needs.
Having seen Richard Kern’s original theory of a significant lithium resource at Bonnie Claire borne out, I firmly believe that Bonnie Claire is one of the most attractive global lithium assets remaining in junior developers’ hands. I look forward to continuing to work with Richard and welcome Iconic shareholders to Nevada Lithium”.
Iconic is a mineral exploration and development company with several quality lithium and gold exploration projects located throughout Nevada, USA and currently owns 50 per cent interest in the Bonnie Claire Lithium Project.
Nevada Lithium Resources is a mineral exploration company focused on shareholder value creation through its core asset, the Bonnie Claire Lithium Project.
Iconic Minerals (ICM) opened trading at C$0.075
