Gemini Lithium Project NI 43-101 Technical Report on Maiden Resource Estimate Filed

Gemini Lithium Project NI 43-101 Technical Report on Maiden Resource Estimate Filed

VANCOUVER – Nevada Sunrise Metals Corporation has filed a National Instrument 43-101 (NI 43-101) compliant technical report for the Gemini Lithium Project, Esmeralda County, Nevada. The Technical Report relates to an independent maiden resource estimate at the Gemini Lithium Project completed by ABH Engineering Inc. of Surrey, BC, Canada.  There are no material differences in the Inferred mineral resource reported earlier and that as described in the Technical Report.

The resource estimate addresses the work performed by the Company at Gemini since ground exploration by Nevada Sunrise began in 2016, and particularly describes the results of the first five (5) drill holes completed in 2022-2023. The majority of the Gemini property remains untested by drilling and remains open in all directions and at depth.

The Inferred resource estimate comprises, in an open pit-constrained resource 1) Approximately 1.3 million tonnes Lithium, or 7.1 million tonnes lithium carbonate equivalent (LCE) contained within 1,200 million tonnes of lithium-mineralized clay at an average grade of approximately 1,130 parts per million (ppm) Lithium. 2) Lithium cut-off values of 400 ppm Lithium and density of 1.7 grams per cubic centimetre (gm/cm3) were used. 3) Model constraints: Faults 3 and 4; a conceptualized 24 degree pit-slope, modelled from property boundaries, using a benchmark 24 degree pit-slope from several other Nevada lithium clay deposits.

In January 2024, Nevada Sunrise staked an additional 73 unpatented lode claims at Gemini, increasing the area of the Project to approximately 2,951 hectares (7,293 acres) contained within 353 lode claims. The Company is currently reviewing the Technical Report in order to effectively plan a 2024 program and budget for Gemini.