Noram Lithium Corp (NRM)

[Mr. Zen]

Took my first of many positions with this one, from now on it is dip buying.. Put this one in the Next Generation Trust Ac count, can you say long term hold!!

There is always a good reason..



Noram Lithium Corp: Zeus PEA shows 31% After-Tax IRR
USD$1.299 Billion After-Tax NPV
Vancouver, British Columbia – December 8, 2021 – Noram Lithium Corp. (“Noram” or the “Company”)
(TSX - Venture: NRM / Frankfurt: N7R / OTCQB: NRVTF) today announced the summary results of a
National Instrument 43-101 compliant Preliminary Economic Assessment ("PEA") for the high-grade
lithium deposit at its wholly-owned Zeus Lithium Project (“Zeus” or the “Project”) located less than 1 mile
from Albermarle’s Silver Peak Mine, which is currently the only lithium production facility in the United
States. The PEA was prepared by ABH Engineering (“ABH”,) an independent engineering services firm with
extensive experience in mining and mineral processing. All dollar values are in US dollars.

PEA Highlights

• Robust Economics.
o $1.299 Billion Net Present Value (“NPV”). Base case after-tax Net Present Value ("NPV")
of $1.299 billion (8% discount rate).
o 31% Internal Rate of Return (“IRR”). Base case after-tax IRR of 31%.
o Capital Costs (“CAPEX"). Estimated initial CAPEX of $528M with after-tax payback period
of 3.23 years.
o Gross Revenue of $303.4 Million/year
o Low Operating Cost. Operating Cost (“OPEX”) of $3,355.30/tonne Lithium Carbonate
Equivalent (“LCE”) with a break-even price of $4016.6/tonne LCE LOM.
• Long Mine Life (“LOM). The mine production rate during full operation is set at 17,000 tpd.
The production schedule uses ore from the first 11 phases, which results in 40-year mine life (“LOM”).
The mine production schedule results in 245.4 million tonnes averaging 1,093 ppm Li.
• Very Low Strip Ratio. Mining strip ratios are very low, averaging 0.07:1 for LOM. Mining consists of a truck and shovel method, with blasting being unnecessary due to the ore softness.
• Low Environmental Impact. The leaching and filtration flowsheet includes dry stack tailings, thus, eliminating the environmental risk and long-term management issues associated with tailings ponds.
• LCE market Price. Base case market price of $9500/tonne LCE is well below long term forecasted rate of $14,000/tonne1.
• Price Sensitivity. As noted in the sensitivity chart below, the after-tax NPV reaches $2.665 billion at $14,250/Tonne LCE (8% discount)