Surge Battery Metals Inc. V.NILI

Question

[deepoil0808]

I know that NILI has sent the BLM the plan of operations for 250 acres disturbance.

I verified the property of NILI and of M3 

It appears to me that there are 4 holes to be drilled outside of the 5 acres disturbance.   These appear to be 2 holes West on M3 land 2 holes to deep south past private lands.

They said they are awaiting permitting but gave date of drilling of end of May.

Can anyone shed some light?

I am having trouble seeing where the 250 acres is, compared to the present 5 acres.

Thanks in advance,

[Loughatorick]

I believe that the drilling start date is for the private land only. The news release states that the other drill locations are tentative subject to permitting approval by BLM.

[deepoil0808]

Thank-you for your kind response. So this means 4 holes on private land where NILI has 25% interest. Then when BLM plan is approved, testing of 2 holes West of us on 250 acre land and, 2 holes south of us on 250 acre land. Year 2025 will be infilling on 250 acre land to arrive at PFS. Pathway is very clear. Sale might be done in 2026 with PFS. My personal opinion, 

[Loughatorick]

My response was based on only my understanding of the news release. It would be good to get confirmation from NILI regarding the other planned drill sites on BLM land. The MRE showed a large inferred deposit on a portion of the private lands so the planned drilling likely will confirm and expand the deposit size.

[deepoil0808]

I agree. NILI said they had only drilled 30% of the land to date. The other 70% is being done this year. Once we know the boundaries of this deposit, the infilling will simply transfer lilthium from inferred to indicated and then to a reserve. Lots of excitment ahead. Best to ignore crappy stock price at this moment.   If you have a chance, buy more on these ridiculous dips that