Mining Intelligence and News
United States

McDermitt Project

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Categories

Summary

Mine TypeOpen Pit
Study CompletedPrefeasibility
StagePermitting
Commodities
  • Lithium
Mining Method
  • Truck & Shovel / Loader
Project Timeline... Lock
Mine Life... Lock
SnapshotThe McDermitt Lithium Project is planned as a fully integrated operation producing battery-grade lithium carbonate for supply to U.S. customers.

The 2024 Pre-Feasibility Study (PFS) outlines a conventional open-pit mining operation with a low strip ratio and no blasting, due to the soft, friable nature of ore and waste.

The PFS economic evaluation covers only the initial 40 years of production post-commissioning, while total project life is estimated at 63 years.

On 22 April 2025, the McDermitt Lithium Project was designated a FAST-41 “Transparency Project,” with inclusion on the Federal Permitting Dashboard underscoring its national significance and supporting advancement of the Exploration Plan of Operations (EPO), now in the final stages of NEPA review.

As of April 2025, a grant application to the U.S. Department of Defense to co-fund a Feasibility Study remains under review, with a decision expected in H1 2025.

Owners

SourceSource
CompanyInterestOwnership
Jindalee Lithium Ltd. 100 % Indirect
The McDermitt Lithium Project is 100% owned by HiTech Minerals Inc., a wholly owned U.S. subsidiary of Jindalee Lithium Limited.

Contractors

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Deposit type

  • Sedimentary - Volcanogenic

Summary:

The Project is located in the northwest portion of the McDermitt Caldera, a Tertiary-aged volcanic structure. The lithium mineralisation is hosted within a sequence of flat-lying paleo-lake sediments that overlie a basaltic volcanic basement (Unit 1). Recent geological work (post-February 2023 MRE) has defined a consistent stratigraphic sequence, comprising 12 distinct units of interbedded mudstones and tuffs, along with overlying colluvium.

Four of these units (Units 4, 6, 8, and 10) contain elevated lithium grades above 1,000ppm, with only Units 4 and 6 considered for processing in the PFS due to their higher head grades and more favourable recovery characteristics.

Unit 4 has an average thickness of 37m (but ranges up to 73m thick) and is dominated by interbedded mudstone and ash tuffs. Lithium values in Unit 4 are typically 1,000ppm to 2,000ppm with local zones greater than 3,000ppm Li. Unit 6 has an average thickness of 28m (maximum thickness of 49m) and is predominantly laminated mudstone and ash tuff. Lithium grades range from 1,000ppm to 2,000ppm with occasional zones greater than 2,500ppm Li.

Local geological knowledge has significantly advanced through a five-year drilling campaign, which included 62 holes (29 diamond core and 33 reverse circulation), resulting in over 5,400 lithium assays. This data, along with the refined stratigraphic understanding, forms the basis of the current McDermitt resource model.

At a 1,000 ppm Li cut-off grade, the MRE has the following approximate extent:
- 6.4 km in the north-south direction,
- 6.5 km in the east-west direction,
- 0-200m below surface, locally with a thin layer of barren colluvium.

Reserves

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Mining Methods

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Required Heavy Mobile Equipment

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Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Commodity Production

CommodityUnitsAvg. AnnualLOM
Lithium t 43,8001,796,169
All production numbers are expressed as carbonate.

Operational metrics

Metrics
Annual production capacity  ....  Subscribe
Annual processing rate  ....  Subscribe
Annual processing capacity  ....  Subscribe
Stripping ratio  ....  Subscribe
Waste tonnes, LOM  ....  Subscribe
Ore tonnes mined, LOM  ....  Subscribe
Total tonnes mined, LOM  ....  Subscribe
Tonnes processed, LOM  ....  Subscribe
* According to 2024 study.

Production Costs

CommodityUnitsAverage
C1 cash costs LCE USD  ....  Subscribe
Assumed price Li2CO3 USD  ....  Subscribe
* According to 2024 study / presentation.

Project Costs

MetricsUnitsLOM Total
Pre-Production capital costs $M USD  ......  Subscribe
Sustaining CapEx $M USD  ......  Subscribe
Closure costs $M USD  ......  Subscribe
Gross revenue (LOM) $M USD  ......  Subscribe
EBITDA (LOM) $M USD  ......  Subscribe
Pre-tax Cash Flow (LOM) $M USD  ......  Subscribe
After-tax Cash Flow (LOM) $M USD  ......  Subscribe
Pre-tax NPV @ 8% $M USD  ......  Subscribe
After-tax NPV @ 8% $M USD  ......  Subscribe
Pre-tax IRR, %  ......  Subscribe
After-tax IRR, %  ......  Subscribe
After-tax payback period, years  ......  Subscribe

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Jun 19, 2025
....................... Subscription required ....................... Subscription required Subscription required Jun 19, 2025

Workforce

EmployeesYear
...... Subscription required 2024

Aerial view:

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