InvestingSince2021
$NILIF
Surge just delivered a very strong PFS for Nevada North. In simple terms:
Project value: US$9.81B after‑tax NPV — higher than last year.
Profitability: IRR of 23.6% — excellent for a project this size.
Costs down: Operating cost dropped 10% to US$4,719/t.
Long life: 42‑year mine life, backed entirely by Proven + Probable Reserves (no Inferred).
Big production: Averages ~92,000 tpa, peaks at 111,400 tpa.
Better recoveries: Up to 84.9%.
Battery‑grade confirmed: 99.95% purity lithium carbonate produced from NNLP claystone.
Lower capex: Phase 1 capital reduced to US$2.77B.
Fast payback: 4.2 years.
Stays profitable even if lithium prices drop 30%.
Bottom line:
Nevada North is now a fully de-risked, long‑life, high‑margin lithium project with proven battery‑grade output and stronger economics across the board. This is the kind of PFS that moves a project into the “real mine” category.
- Credit to glenp from CEO for saving me the time
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