Noram Lithium Announces Updated Mineral Resource Estimate for Zeus Project

Noram Lithium Corp. (TSXV:NRM, OTCQB:NRVTF, Frankfurt:N7R), based in Vancouver, BC, has announced an updated Mineral Resource Estimate (MRE) for its Zeus Lithium Project in Clayton Valley, Nevada. The update incorporates geological modeling and data from a Phase VII drilling program completed in January 2024.

Key highlights of the updated MRE, which is pit-constrained at a 525 ppm lithium cut-off, include Indicated Resources of 564 million tonnes grading 956 ppm lithium, equating to 2.9 million tonnes of Lithium Carbonate Equivalent (LCE), and an additional 287 million tonnes of Inferred Resources at 861 ppm lithium, or 1.3 million tonnes of LCE.

According to Greg McCunn, CEO of Noram, the Zeus Project's 'high-grade core' is unique compared to other regional deposits. The updated data, including 10 new drillholes and extensive geological work, will support future engineering studies. At a processing rate of 3.5 Mt/year and 83% metallurgical recovery, the project could produce approximately 23,000 tonnes of high-purity lithium carbonate annually.