Surge Battery Metals (TSXV: NILI, OTC: NILIF) remains optimistic about the economic viability of its Nevada North lithium project, even as lithium prices sag, chairman Graham Harris said in an interview.
“Despite the current price levels, we’re still well ahead of where we need to be on the cost curve,” Harris said last month during the Rule Symposium in Boca Raton, Fla.
The company expects operating costs to be around US$5,000 to US$6,000 per tonne, Harris said, noting a preliminary economic assessment is due by late November. The project could qualify for government support, such as low-interest loans from the Department of Energy, which would improve the project’s economics and reduce the need for high-interest financing.
Surge plans to release an updated resource estimate in September, Harris said.
Watch the full interview below with The Northern Miner’s western editor, Henry Lazenby.
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