Overview

Quick Facts

LOCATION

CLAYTON VALLEY

Esmeralda County, Nevada
Halfway between Las Vegas and Reno

project highlights

  • 9,500 Acre Lithium Brine Project

  • Inferred Resource of 816,000 metric tonnes Lithium Carbonate Equivalent (LCE) – July 2015

  • Adjacent to the only producing lithium mine in North America

  • Significant existing infrastructure

Lithium Deposit

The Clayton Valley lithium deposit is a salty groundwater (brine) with high levels of lithium contained in a series of  aquifers. The brine is ‘mined’ by drilling boreholes into the aquifers and pumping the brine to surface for lithium removal.

Brine Advantage

Brine is generally accepted as the lowest cost type of lithium resource to process. Pure Energy’s intention is to utilize innovative process technologies to recover and produce low-cost, high-quality lithium products.

  • 21st Century Process Technology versus the “Conventional Evaporation Processes”
  • Potential Recovery >90% vs <50%
  • Independent of weather and climate
  • Significantly shortens time to market – months to hours
  • Smaller environmental footprint
  • Predicted lower capital costs to build the plant (capex)
    and lower operating costs (opex)

Geology

The lithium brines are hosted within unconsolidated sediments (gravel, sand, silt, etc.) that infill the extensive and deep basin beneath Pure Energy’s claim area. To date, Pure Energy has encountered lithium-bearing brines from approximately 130 metres (450 ft) below ground level, down to approximately 600 metres (2,000 ft) below ground level in the northern portion of the property. Geophysics suggests that similar brine-bearing formations encountered so far during drilling and other attractive host horizons extend to much greater depths within the basin (up to 1,500 m or 5,000 ft).

Infrastructure

  • Paved highway and well-maintained county road to project
  • Existing nearby electrical substation
  • Midway between Las Vegas & Reno
  • Located at an elevation of 1,320m (4,400 ft), site is accessible 365 days of the year
  • 4 hours drive to site of Gigafactory



Advantages

1

A Mineral Resource in a Productive District with Excellent Infrastructure

  • Contiguous with the only producing lithium mine in North America
  • Excellent access to US domestic market and onward to Asian markets through California ports

2

Demonstrated Favorable Development Characteristics

  • Brine chemistry and hydrogeology shown to be very similar to the long-lived Silver Peak Mine
  • Amenable to multiple processing methods
  • Low magnesium and calcium could facilitate low-cost production

3

Scalable and “Fast-Trackable” to Meet the World’s Growing Appetite for Lithium

  • New technology offers the opportunity to take a modular approach to production
  • Nevada remains one of the top mining jurisdictions in the world
  • Development schedule is aligned with anticipated demand growth for electric vehicles and grid storage batteries

4

Located to meet U.S. domestic market and good access to Asian markets

5

Nevada is a mining friendly state with good infrastructure

6

Experienced team of project developers

7

Timing of anticipated lithium production coincides with rising demand expected from the increased use of mobile electronics and hybrid/electric vehicles

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Downloads

Corporate Presentation

Corporate Presentation

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NI 43-101 Technical Report

NI 43-101 Technical Report

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