Scotty Lithium – Nevada

Summary

Scotty Lithium Project in Nevada, USA, is a large-scale sediment hosted lithium project covering ~14,000 acres (~5600 hectares) with lithium-bearing brine potential across the project area. It immediately adjoins and surrounds the Bonnie Claire Project, host to one of North America’s largest lithium resources. The location is attractively located 330km from Tesla’s operating Gigafactory.

Figure 1 – Scotty Lithium Project location in Nevada, USA

Location

Scotty Lithium Project in Nye County, southern Nevada is 240km northwest of Las Vegas. It comprises 700 placer mining claims, entirely on Bureau of Land Management (BLM) land, covering ~14,000 acres that immediately adjoin and surround Iconic Minerals’3.4Bt Bonnie Claire Lithium Project and only 70km from Albemarle Corp’s Clayton Valley (Silver Peak) Lithium Mine, the only currently producing lithium mine in the USA. Tesla’s operating Gigafactory is located 330km to the north west and has produced over 1 million EV battery packs.

Nevada was ranked as the most attractive jurisdiction in the world for mining investment in 2021, according to the Fraser Institute.

Figure 2 – Terrain across the 14,000-acre Scotty Lithium Project

Geology and previous exploration

The outcropping geology at the Scotty Lithium Project comprises unconsolidated mud flats and alluvial fan sequences – identical to those that outcrop above the lithium mineralisation at Iconic’s adjoining Bonnie Claire Deposit. The geological sequences that host the Bonnie Claire Deposit extend laterally into the Scotty Lithium Project. As such, exploration techniques that have been effective at the Bonnie Claire Project are expected to be effective at the Scotty Project.

Prior to the commencement of Iconic’s exploration at its Bonnie Claire Project in 2015, the only evidence of prior geologic work in the area was very regional mapping by the USGS; which showed that the area is a generalised salt flat with little distinctive geologic features or mapping detail.

Several companies completed limited exploration work within small portions of Scotty since then, with limited soil sampling the only notable work completed. Caeneus Minerals held a 100% interest in 200 mining claims covering ~4,000 acres at the southern end of the project area. Caeneus collected a single line of magnetotelluric (MT) data and unsuccessfully attempted to drill two holes.

Figure 3 – Inversion of single line of MT resistivity data acquired at the southern end of Scotty Lithium Project, completed by Caeneus Minerals in 2016

Forward work plan

Subject to settling the Scotty acquisition, Monger Gold plans to undertake the following activities in 2022-23:

  • Systematic soil sampling geochemistry program across the project area
  • Drill target identification once assay data from the soil geochemistry program is available
  • Initial 3,000 metre (minimum) drilling program
  • Maiden JORC (2012) Mineral Resource estimate; and
  • Initial metallurgical testwork.

Initial conceptual mine design work may follow these activities.