Summary

Mine Type	Open Pit
Study Completed	Preliminary Economic Assessment
Commodities	Lithium
Mining Method	Truck & Shovel / Loader
Mine Life	...
Snapshot	Zeus Project is in one of the best addresses in the rapidly evolving Lithium zone in the Clayton Valley. In June 2024, Noram Lithium published its latest resource reflecting work carried out on the Zeus project over the last year and a PEA was planned in the second half of 2024. Sufficient high-/medium-grade Indicated Resources to support 29 years of mine-life, plus a potential 18 years of processing low-grade. The goal is to produce a meaningful domestic supply of high-purity lithium carbonate (~23,000 tpa) in central Nevada at the Zeus project. On August 18, 2025, Noram Lithium has completed a full review of the assay data from the Company’s flagship Zeus lithium deposit in Clayton Valley. Notably, high results of the critical minerals, Rubidium (Rb) and Cesium (Cs), have the potential for an additional resource of significant economic value. Extracting cesium and rubidium as valuable by-products can substantially increase the project's overall profitability.

Deposit type

• Sediment-hosted

Summary:

The geology of the Clayton Valley area is underlain by basement rocks composed of a thick sequence of Neoproterozoic to Ordovician carbonate and clastic sediments that were deposited along the ancient western passive margin of North America (Albers and Stewart, 1965 & 1972). During the Late Jurassic Period, a series of granitoid magmas intruded the basement sedimentary rocks. In the Tertiary, (Oligocene and Miocene) basin and range faulting was accompanied by volcanic eruptions of intermediate to felsic lavas occurred throughout the region. Thin to thick veneers of Quaternary gravels and alluvium cover much of the landscape today and playa lake deposits occur on the lowest elevation areas of the basins.

The project area hosting the lithium mineralization is composed of Miocene pyroclasic rocks overlain by the Esmeralda Formation, a clay-rich, fresh water (alkaline) lake sediment deposit. The pyroclastic rocks are postulated to be the source of the lithium, and the clay rich units of the Esmeralda Formation host the concentrations of potentially minable lithium.

Significant Mineralized Zones
All of the lithium mineralization is hosted within clays hosted by the Esmeralda Formation. The Middle Member is the highest grade and has the best lateral continuity. The distribution of the lithium mineralization is controlled by specific lithic compositions and/or their underlying physical properties. Overall, the mineralized horizon ranges from 50 m to 150 m thick. It strikes along azimuth 40° and dips -4° southeast. The mineralization is laterally continuous within the preferred lithology but does vary in grade perpendicular to the stratigraphy. There are at least three parallel preferred planes of higher-grade mineralization.

Mining Methods

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Comminution

Crushers and Mills

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Processing

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Commodity Production

Operational metrics

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Personnel

Job Title	Name	Profile	Ref. Date
.......................	.......................		Sep 11, 2025
.......................	.......................		Dec 8, 2021
.......................	.......................		Dec 8, 2021
.......................	.......................		Sep 11, 2025