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Pure Energy Minerals Ltd.
Summary
| Project: | Clayton Valley South | |
|---|---|---|
| Deposit: | Clayton Valley South | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 6/26/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 26-6-2017: Pure Energy Minerals Ltd. announces a PEA report for its Clayton Valley South deposit at the Clayton Valley South project. Updated resource estimate and PEA results incl. Post-tax NPV (8%) of $264M, IRR of 21%. Pure Energy Minerals Ltd. (PEM) c | |
| Resources: | (Resource, Inf.): 217.7kT of Lithium Carbonate Equivalent | |
| CP/QP: | [Resources]: Dan Weber (Montgomery & Associates) | |
| ABSTRACT: | Pure Energy Minerals Ltd. (PEM) commissioned Tenova, USA (Tenova), Tenova Advanced Technologies (TAT) [formerly Tenova Bateman Technologies], Montgomery & Associates (Montgomery), SRK Consulting (SRK), Andeburg Consulting Services Inc. (ASCI), MetNetH20 and Arithmetek to prepare a Preliminary Economic Assessment (PEA) for its Clayton Valley Lithium Project (Project). This NI 43-101 Preliminary Economic Assessment Technical Report (Technical Report) summarizes the results of the PEA in accordance with National Instrument (NI) 43-101 Standards of Disclosure for Mineral Projects (NI 43-101). PEM is a Canadian-registered mining company domiciled in Vancouver, British Columbia and publicly listed on the TSX Venture Exchange under the ticker symbol “PE”, the OTCQB Marketplace under the ticker symbol “PEMIF” and the Frankfurt Börse under the ticker symbol “AHG1”. PEM is a development-stage, pre-revenue lithium company primarily focused on a lithium project at Clayton Valley in Esmeralda County, Nevada. This report provides technical information for the Project. PEM, through its wholly-owned subsidiary Esmeralda Minerals, LLC, controls, directly or through agreement, mineral leases on more than 10,600 hectares (ha) (26,300 acres [ac]) in the Clayton Valley in Esmeralda County, Nevada. PEM intends to deploy a new lithium recovery process, developed by TAT and its partners (the Tenova Process), to recover lithium and produce lithium hydroxide monohydrate (LiOH∙H2O) without the need for conventional evaporation ponds. As a result, the consumptive use of water would be small compared to conventional processing. Most of the brine pumped from the aquifer would be returned and infiltrated into the basin. The proposed Tenova Process involves the conversion of the lithium in the Clayton Valley brines into a high-purity LiOH∙H2O product. | |
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